-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SAJuTtG2nVWiaEiMgOGG+Ra8xCG/Qkk+f7UN3yj+AVuJPIf/cqAhk/COqRt1tq6L ymqivk/oZ7ttRKEVIGfkqg== 0001013762-11-000070.txt : 20110113 0001013762-11-000070.hdr.sgml : 20110113 20110113090025 ACCESSION NUMBER: 0001013762-11-000070 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110113 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110113 DATE AS OF CHANGE: 20110113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Forex International Trading Corp. CENTRAL INDEX KEY: 0001471781 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 270603137 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-161795 FILM NUMBER: 11526567 BUSINESS ADDRESS: STREET 1: 1061 1/2 N SPAULDING AVE. CITY: WEST HOLLYWOOD STATE: CA ZIP: 90046 BUSINESS PHONE: 323-822-1750 MAIL ADDRESS: STREET 1: 1061 1/2 N SPAULDING AVE. CITY: WEST HOLLYWOOD STATE: CA ZIP: 90046 8-K 1 form8k.htm FOREX INTERNATIONAL TRADING CORP. FORM 8-K form8k.htm



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities and Exchange Act of 1934

Date of Report (Date of earliest event reported):  January 13, 2011

Commission File Number 333-161795 
 
FOREX INTERNATIONAL TRADING CORP.
(Exact name of small business issuer as specified in its charter)
 
Nevada 
27-0603137
(State or other jurisdiction of incorporation or organization) 
(I.R.S. Employer Identification No.)

3753 Howard Hughes Parkway
Suite 200, Las Vegas, NV 89169
(Address of principal executive offices)
 
888-333-8075
(Issuer’s telephone number)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
 

/_/ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
/_/ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

/_/ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

/_/ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 


 
 

 


Item 8.01
Other Events
 
On January 13, 2011, Forex International Trading Corp. (the “Company”) issued the press release attached hereto as Exhibit 99.1

 
Item 9.01
Financial Statements and Exhibits.

Exhibit Number
 
Description
99.1
 
Press release dated January 13, 2010

 
 
 
 
 

 
 
 
SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

  FOREX INTERNATIONAL TRADING CORP.  
       
Date:      January 13, 2011
By:
/s/ Darren Dunckel  
Las Vegas, Nevada   Name:  Darren Dunckel  
    Title: CEO, President, CFO, Secretary, Treasurer and Director  
       

                                                     
EX-99.1 2 e991.htm EXHIBIT 99.1 e991.htm
Exhibit 99.1
 
 
Forex International Trading Corp. Provides Year End Review of Developments and 2011 Outlook
 
Las Vegas, NV, January 13, 2011 - Forex International Trading Corp. (the “Company”) (OTCBB:FXIT), a company  principally engaged in offering a web-based foreign currency trading platform to a non US residents, professionals and retail clients, today highlighted the significant accomplishments achieved by the Company over the last 12 months and the Company’s strategy for 2011.
In 2010 the Company:

·  
Established a “white label” trading platform with Triple 8 Limited to provide clients with a web-based trading platform for trading currencies.
 
·  
Acquired a 20% equity interest in Forex New York City LLC (“ForexNYC”). In 2010, ForexNYC moved into its newly renovated office at 60 East 42nd St 53rd Floor in Manhattan, New York where they began offering on-site education seminars on trading the Forex market.
 
·  
Acquired approximately 45% equity interest in Triple 8 Limited. In 2010, Triple 8 Limited experienced approximately 200% growth in trading volume in addition to approximately 300% annual growth in client accounts. Trading revenues in 2010 experienced an approximate 300% growth compared to last year and exceeded $7 million.
 
The Company’s 2011 Strategy:
·  
Continue to support the Company’s acquisition targets in their growth strategies.
 
o  
Triple 8 Limited’s strategy is to continue to market their web-based trading platform to retail customers outside the United States and increase alliance/partner relationships to grow the company’s client base and add product lines.
 
o  
Continue to grow back office staff to support client growth.
 
o  
ForexNYC’s strategy is to continue to market both their on-site education seminars as well as their web-based training modules.
 
·  
Continue to identify companies for acquisition/investment opportunities that  enhance the Company’s market share and/or provide the Company with a competitive advantage.
 
Darren Dunckel, CEO of Forex International Trading commented, “The milestones we achieved in 2010 have positioned the Company to capitalize on the significant revenue opportunities in the Forex market. We are thrilled with our significant achievements in 2010 and we look forward to continue executing our growth strategy and build shareholder value throughout 2011.”

About Forex International Trading Corp.

Headquartered in Las Vegas, NV, Forex International Trading Corp. operates an advanced online trading platform for Forex markets to non U.S. residents. The Company estimates non U.S. residents represent 75% of online currency trading. The Company currently accepts only non U.S. clients. The Company focuses on providing individual and institutional investors with a platform for buying and selling currencies, precious metals and commodity futures. This platform allows self-directed, broker-assisted, managed accounts and accumulation programs. Through the platform, customers have access to over 20 currencies and bullion deliveries.  The Foreign Currency Market (“Forex” or “FX”) is created by the global exchange of currencies. According to the Bank for International Settlements, the average daily turnover, or, volume in the Global FX market in April 2010 was $4 Trillion compared to only $1.2 Trillion in 2001 (Wall Street Journal, Sept. 1, 2010). Historically, access to the FX market was only available to governments, commercial banks, corporations, and other large financial institutions. The Company is now capitalizing on the growth of online currency trading through its state of the art web-based trading platform.

For more information, please visit: http://forex-international-trading.com

Forward-Looking Statements: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others, whether Forex International Trading Corp. can successfully execute its operating plan; its ability to integrate acquired companies and technology; its ability to retain key employees; its ability to successfully combine product offerings and customer acceptance of combined products; general market conditions; and whether Forex International Trading Corp. can successfully develop new products and the degree to which these gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. Forex International Trading Corp. does not undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Investor Relations Contact
Paul DeRiso
Core Consulting Group
925-465-6088
paul@coreconsultingroup.com

-----END PRIVACY-ENHANCED MESSAGE-----