Southern Trust Securities Announces Year Ended 2010 Operating Results - Increase of 123% in Revenue
12 5월 2011 - 11:35PM
Southern Trust Securities Holding Corp. ("STSHC") (OTCBB:SOHL), a
financial services company offering broker-dealer, investment
banking, investment advisory and wealth management services,
announced operating results for the year ended December 31, 2010.
For the year ended December 31, 2010 STSHC generated $2,967,547
of revenue compared to $1,328,0998 of revenue for the year ended
2009, representing a 123% increase in revenue. Net income for the
year ended 2010 was a loss of $246,219, or $.02 per share compared
to a loss of $3,104,395 or $.22 per share for the year ended
2009.
STSHC's CEO Mr. Robert Escobio commented, "We are very happy
with our year ended 2010 operating results. The financial markets
and most importantly our clients have rebounded from the financial
crisis of the past few years. This renewed activity has helped our
brokerage business and our Southern Trust Metals business. We plan
on capitalizing on this by adding more key personnel to continue
our growth objective."
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 Asia. 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 to reflect new events or
uncertainties.
CONTACT: Southern Trust Securities Holding Corp.
Robert Escobio, Chief Executive Officer
305-446-4800
Southern Trust Securities (CE) (USOTC:SOHL)
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