Following the acquisition of the Purchased Shares, Yes Forex Inc. owns or controls an aggregate of 4,050,000 common shares of the Corporation representing 10.8% of the issued and outstanding common shares of the Corporation. Yes Forex Inc., together with Sol Prizant, who may be considered to be acting jointly or in concert with the Yes Forex Inc., now own or control an aggregate of 6,748,078 common shares of the Corporation representing 17.9% of the issued outstanding common shares of the Corporation.

About Tradency

The information herein has not been approved or disapproved by regulatory authorities.

Yes Forex Inc. intends to file a report describing the above transaction with applicable regulators, a copy of which shall be sent promptly to anyone who requests it from the persons noted below.

Commenting on the move, Co-Founder and CEO of Tradency, Lior Nabat, said, "This is a significant step for our company. The new arrangement allows FX Traders using our platform to create a portfolio instantly, backtest and apply the signals to their account. This was not previously possible without the client subscribing monthly to multiple services, which has a significant impact on the bottom line of the clients’ account."

"Backed up with real trade history, our clients like the transparency and authenticity of trading signals offered on our platform," added Nabat. "The performance displayed on our platform is actual performance from real trades, not hypothetical."

The Trading Platform allows traders to define, test and analyze signals within a self-directed individual Forex trading system trading account. A major benefit to traders is that the platform presents the opportunity to diversify risk on their account by trading a "basket" of currency pairs, reducing the risk of being exposed to the fragilities of one trading system.

Yes Forex Inc. continues to hold an additional 550,000 common share purchase warrants of the Corporation. Upon exercise of these additional warrants, Yes Forex Inc. would own or control an aggregate of 4,600,000 common shares of the Corporation representing 12.0% of the issued and outstanding common shares of the Corporation. Upon exercise of these additional warrants, Yes Forex Inc., together with Sol Prizant, would own or control an aggregate of 7,298,078 common shares of the Corporation representing 19.1% of the issued and outstanding common shares of the Corporation.

posted by Administrator at 5:35 am & filed under Dollars |