SCOTTSDALE, AZ--(Marketwired - Jul 19, 2013) - Claridge Ventures, Inc. (
Upon the closing of the voluntary share exchange transaction as contemplated by the stock exchange agreement, the Company will issue certain shares of its common stock in exchange for 100% of the issued and outstanding capital stock of Indo Global, which will then become the Company's wholly owned subsidiary, and the Company will acquire the business and operations of Indo Global.
Indo Global Exchange (IGE) www.indoglobalexchange.com launched in Surabaya on January 1st, and opened its second office in Jakarta in May 2013 with its new head office in the prestigious Jakarta Stock Exchange Building. IGE is a company rapidly positioning itself towards the forefront of the growing introduction of global financial market services into Asia. IGE aims to become one of the world's foremost online global trading platforms through affiliate relations with partners such as Halifax Investment Services Pty Ltd of Australia, Pty Ltd, E*Trade Australia, Australian Stock Report and Mega Trader 4. IGE anticipates the rapid adoption of its sophisticated suite of financial products and services, as this type of online service has never before been available in Indonesia.
Claridge Ventures President and CEO Mr. John O'Shea states, "IGE's world-class partners offer their clients security and 100% transparency, which is critical for entry into this vast and virtually untapped marketplace. The partners are all regulated by the Australian Securities Investment Commission and hold Australian financial service licenses. Upon the successful close of the exchange agreement, the Company will be in a position to maximize its first mover advantage in this exciting environment through its ability to trade all world markets in currency, gold, futures, equity's and options through a trading platform available in 16 languages. Indonesia's population is almost that of the United States at 250 million people, with a proportionately large segment of wealthy individuals. To date, this market is significantly underserviced as Indonesian banks do not offer online trading, and local brokers only offer Indonesian stocks. As a result, the future looks very promising for IGE, its stakeholders and potential shareholders alike."
Additional details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer with the Securities and Exchange Commission ("SEC") available at www.sec.gov .
Notice Regarding Forward-Looking Statements This news release contains "forward-looking statements." Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, references to the consummation of the voluntary share exchange transaction, the potential success of IGE's business model and adoption of IGE's products and services. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with developing a new business and operating as a development stage company, our ability to raise the additional funding we will need to continue to pursue our business and development plans, potential competition in the industry in which we operate and market conditions. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law, including the securities laws of the United States. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the reports and other documents we file with the SEC, available at www.sec.gov .
On Behalf of the Board,
John F. O'Shea President and Chief Executive Officer Claridge Ventures, Inc.
Contact: Claridge Ventures, Inc. Phone: +62 31 7329393 ext. 316 Email: info@claridgeventuresinc.com
