Entrex and GXG Joint Venture Creates Global Securities Exchange for Revenue Participation TIGRcub® Securities
Entrex Inc. is pleased to announce that Entrex and GXG Global Exchange Group AB have signed a Letter of Intent which establishes a global securities exchange platform for the patented (issued 2006) Revenue Based TIGRcub Securities.
Online, November 29, 2011 (Newswire.com) - Entrex Inc. is pleased to announce that Entrex and GXG Global Exchange Group AB have signed a Letter of Intent to enter into a joint venture. The joint venture establishes a global securities exchange platform for the Entrex Exchange supporting listing and trading transactions of the patented TIGRcub® Securities (aka Top-Line Income Generation Rights Certificates) developed by Entrex for small and medium enterprises ("SMEs") and their investors.
"As of the end of November 2011, Initial TIGRcub® Offerings representing over $1.3 billion of capital were listed on the Entrex Exchange by 37 companies from around the world" said Stephen H. Watkins CEO of Entrex. Now, as a result of the formation of the Entrex/GXG joint venture, a global securities exchange platform becomes available for these and future listings providing broad institutional investor exposure, access to TIGRcub® Security offering information, and supporting trade execution for these securities from anywhere in the world. Currently, Euroclear® Group provides clearing and settlement services for all GXG Markets and we expect they will support TIGRcub® Security trade execution also. Both sell-side and buy-side brokers who are Members of the Entrex Exchange will have full desk-top access to the Entrex Exchange platform".
"Entrex Marketing Partners, now 14, who are responsible worldwide for qualifying, recruiting, and supporting members of the Entrex Exchange now have a very attractive solution to bring to regional brokerage firms. Qualified investor clients of member registered brokers will have access to direct trading services on the Entrex Exchange through its DMA (direct market access) interface features. This capability establishes an entirely new current income investment product offering for brokerage firms to bring to their qualified investors."
"Combining the GXG and Entrex services and products gives us a tremendous opportunity to strengthen our offering to SMEs around the world. We will together provide accredited and institutional investors with an innovative and standardized revenue-participation security and a marketplace where it can be traded. This is very much in line with the GXG strategy to be a front-runner for services designed for companies that represent the largest component of economic and employment growth of most economies" said Mikael Rosenberg, CEO of GXG.
"TIGRcub® Securities allow companies to raise capital by sharing a small percentage of top-line revenues with investors for a designated period of time having favorable implications for both parties, especially when it comes to investments in private or thinly traded public companies. We believe that transparency and tradability of debt securities for SME´s will make the investment far more attractive for Investors".
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Tags: Entrex, financing, GXG Markets, Private Capital Market, Revenue Participation, TIGRcub, TIGRcubs