Southern Trust Metals, Inc Announces the Addition of a Second London Metals Provider/Clearing Agent
01 10월 2010 - 10:51PM
Southern Trust Securities Holding Corp.,
(OTCBB:SOHL) a financial services company offering Broker-Dealer,
Investment Banking, Investment Advisory and Wealth Management
services, announced the addition of a second London metals trading
company/clearing agent. The agreement provides for more competitive
precious metals pricing.
Mariano Llosa-Dergan, Senior Vice President Southern Trust
Metals, commented: "Expanding our capabilities by adding a second
metals clearing firm further improves our access to the markets,
and permits Southern Trust Metals to deliver high quality
executions for our growing client base. We continue to be bullish
on the long term outlook for precious metals. With Gold making
new all time highs, and with Silver at a 30 year high, we are
witnessing a surge in investor awareness and interest for precious
metal investing. Silver appears to be the investors standout
metal of choice because of mounting industrial demand, as well as
growing investment demand. Based on growing interest in the
precious metals complex as a whole, we expect to see strong growth
in the year ahead for Southern Trust Metals. In the past 45
days, we have received purchase orders in excess of 1,600,000
USD."
STSHC's CEO, Robert Escobio, commented: "Southern Trust
Metals has been growing since its inception in November
2009. We are pleased with its development to date, and expect
this business to be an important revenue provider going
forward."
About Southern Trust Securities Holding
Corp.
STSHC is a financial services company offering securities
brokerage, investment banking, asset management and private wealth
management for a growing base of retail and institutional,
corporate, and high-net-worth clients primarily in Latin America
and Europe. STSHC services include access to international
investment opportunities in U.S. and foreign capital markets,
offshore entities for financial planning, and cross-border
transactions, including private placements, bridge financing and
reverse mergers into publicly-traded shell corporations. STSHC
operates through its subsidiaries, Southern Trust Securities, Inc.
(STS) and Southern Trust Securities Asset Management, Inc. (STSAM),
Southern Trust Metals, Inc. (STM) and affiliated Geneva-based
International Private Wealth Management S.A. (IPWM). STS is a
member of the Securities Investors Protection Corporation (SIPC),
National Futures Association (NFA), and Financial Industry
Regulatory Authority (FINRA). STS clears trades through, and
maintains client accounts with, Pershing LLC, a wholly owned
subsidiary of The Bank of New York Mellon Co.
Forward – Looking Statements
This press release may contain statements of a forward-looking
nature relating to future events. These forward-looking
statements are subject to the inherent uncertainties in predicting
future results and conditions. These statements reflect the
Corporation's current beliefs, and a number of important factors
could cause actual results to differ materially from those
expressed in this press release. Except as otherwise required
by federal securities laws, the Corporation undertakes no
obligation to update or revise these forward-looking
statements.
CONTACT: Southern Trust Securities Holding Corp.
Robert Escobio, Chief Executive Officer
305-446-4800
Southern Trust Securities (CE) (USOTC:SOHL)
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