INTL-FCStone Forms New Argentina-Based Cash-Grain Brokerage
February 24 2010 - 11:00PM
International Assets Holding Corporation (Nasdaq:IAAC) and its
wholly owned subsidiary, FCStone Group, today announced the
formation of a cash commodity brokerage service to meet the needs
of market participants in a wide variety of agricultural
commodities throughout the Latin American region. The service
will operate under a newly incorporated company, INTL FCStone SA,
based in Buenos Aires.
The new brokerage service will be directed by Jorge Barthes, who
has more than 25 years of experience in the cash brokerage business
in Argentina, and also has extensive experience in other sectors of
the agribusiness industry. Barthes also will be responsible
for the recruitment and development of a team of brokers to
facilitate transactions.
The Vice President of Latin American Operations for
INTL-FCStone, Julian Viso, noted that, "Over the last 15 years, we
have maintained an excellent relationship with Jorge, and we are
gratified that he will be bringing his market knowledge, experience
and leadership to bear on this exciting new
initiative."
About International Assets Holding
Corporation
International Assets Holding Corporation (INTL) provides
execution and advisory services in commodities, currencies, and
international securities. INTL's businesses, which include the
commodities advisory and transaction execution firm FCStone Group,
serve more than 10,000 commercial customers in more than 100
countries through a network of offices in eleven countries around
the world. Further information on INTL is available at
www.intlassets.com.
Forward-Looking Statements
This press release may include forward-looking statements
regarding, among other things, our plans, strategies and prospects,
both business and financial. All statements other than statements
of current or historical fact contained in this press release are
forward-looking statements. The words "believe," "expect,"
"anticipate," "should," "plan," "will," "may," "could," "intend,"
"estimate," "predict," "potential," "continue" or the negative of
these terms and similar expressions, as they relate to
International Assets Holding Corporation and FCStone Group, Inc.,
are intended to identify forward-looking statements.
We have based these forward-looking statements largely on our
current expectations and projections about future events and
financial trends that we believe may affect our financial
condition, results of operations, business strategy and financial
needs. They can be affected by inaccurate assumptions, including
the risks, uncertainties and assumptions described in the Company's
filings with the Securities and Exchange Commission. In light of
these risks, uncertainties and assumptions, the forward-looking
statements in this press release may not occur and actual results
could differ materially from those anticipated or implied in the
forward-looking statements. When you consider these forward-looking
statements, you should keep in mind these risk factors and other
cautionary statements in this press release.
Our forward-looking statements speak only as of the date of this
press release. We undertake no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. Accordingly, readers are cautioned not
to place undue reliance on these forward-looking statements.
CONTACT: INTL-FCStone Group, Inc.
Julian J. Viso, Vice President, Latin American Operations
(816) 410-3282
Julianv@FCStone.com
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