Southern Trust Securities Announces Year End Results
April 04 2013 - 9:00AM
Marketwired
Southern Trust Securities Holding Corp. ("STSHC") (OTCQB: SOHL), a
financial services company offering broker-dealer, investment
banking, and investment advisory and wealth management services,
announced today its financial results for the year ended December
31, 2012.
Specifically, STSHC generated $3,366,941 in revenue for the year
ended December 31, 2012 compared to $3,119,190 in revenue for the
year ended December 31, 2011, representing an 8% increase. Net
income for the year ended December 31, 2012 was $615,826, or $0.03
per common share, compared to a net loss for the year ended
December 31, 2011 of $1,134,445, or a loss of $0.07 per common
share, representing a 154% increase. In addition, total
stockholders' equity for the year ended December 31, 2012 was
$4,419,640, or $0.23 per share. Total assets for the year ended
December 31, 2012 were $11,752,751 compared to $9,213,316 in total
assets for the year ended December 31, 2011.
Further, STSHC is pleased to announce that is has formed a new
wholly owned subsidiary Southern Trust Securities Limited ("STS
UK"), based in London, England. STS UK will look to develop over
the coming year similar businesses that STSHC currently has.
STSHC's CEO Mr. Robert Escobio commented, "We are pleased with
our year end results and look forward to building on these results
in 2013. In particular, we expect our Chicago Office, which opened
in 2012, to continue to grow its futures securities business. We
are also excited to begin our European business expansion through
the opening of an office in London during the coming year."
About Southern Trust Securities Holding
Corp.
STSHC (Symbol: SOHL) 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 Securities Limited, 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).
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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