0001013762-11-002375.txt : 20110825 0001013762-11-002375.hdr.sgml : 20110825 20110824205407 ACCESSION NUMBER: 0001013762-11-002375 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110822 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110825 DATE AS OF CHANGE: 20110824 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: 111055167 BUSINESS ADDRESS: STREET 1: 49 FRONT STREET STREET 2: #206 CITY: ROCKVILLE CENTRE STATE: NY ZIP: 11570 BUSINESS PHONE: 888-333-8075 MAIL ADDRESS: STREET 1: 49 FRONT STREET STREET 2: #206 CITY: ROCKVILLE CENTRE STATE: NY ZIP: 11570 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):  August 22, 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.)

49 Front Street, Suite 206
Rockville Centre, New York 11570
(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 2.02                      Results of Operations and Financial Condition
Item 7.01                      Regulation FD Disclosure

On August 22, 2011, Forex International Trading Corp. (“Forex”) issued a press release regarding the results for the quarter ended June 30, 2011.  A copy of Forex’s press release is attached hereto as Exhibit 99.1.
 
The information contained in this Current Report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01                      Financial Statements and Exhibits
 
Exhibit Number
 
  Description
     
99.1
 
Press Release dated August 22, 2011
 
 
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: August 25, 2011
By:
/s/ Darren Dunckel
 
 
Name:
Darren Dunckel
 
 
Title:
CEO, President, CFO, Secretary, Treasurer and Director
 
       
 
 
 
 
 
 
2
EX-99.1 2 ex991.htm EXHIBIT 99.1 ex991.htm
Exhibit 99.1
 
Forex International Trading Corp. Announces Second Quarter 2011 Results and Conference Call to Discuss Financials and Business Outlook
 

 
NEW YORK, Aug 22, 2011 (BUSINESS WIRE) -- Forex International Trading Corp. (the "Company") (OTCBB: FXIT), reported its second quarter 2011 financial results for the three and six months ended June 30, 2011. Total revenues for the three months ended June 30, 2011 were $3.93 million and for the six months ended June 30, 2011, $7.12 million. Net income for the three months ended June 30, 2011 was $264,416 and for the six months ended June 30, 2011 a loss of $163,348.
 
"We are very pleased with the results of the first six months of the fiscal period. The subsidiary unit continues to grow and experience multi-digit, year-to-year growth in trading volume and customer deposits and we believe that they are on track to do between $12 and $14 million in revenue for the whole year," stated President and CEO, Darren Dunckel.
 
Selected financial information:
 
Consolidated Quarter  Consolidated Quarter
 
    
  Ended 3/31/2011     Ended 6/30/2011  
                                                      
  UNAUDITED     UNAUDITED  
 
           
                                       
           
Total Revenue
  $ 3,192,465     $ 3,930,516  
Gross Profit
  $ 2,590,633     $ 3,038,965  
Net Profit (Loss) before Taxes
  $ (404,637 )   $ 365,354  
Net Profit (Loss) per share - basic
  $ (0.01 )   $ 0.01  
 
      
The Company will also host a conference call to discuss its second quarter financials for fiscal 2011, as well as the Company's business outlook for the remainder of the year. The call will take place after the close of the market on Tuesday August 30, 2011 at 4:15 p.m. (EDT) and will be open to all shareholders and interested parties. To submit a question to be answered during the call, please send all questions to Darren@4xint.com. In addition, participants will be allowed to ask questions on the call as well.
 
The conference call will be conducted by President and CEO, Darren Dunckel.
 
This conference call will be available by dialing +1 (312) 878-3074. The conference ID number is 555-864-886. The presentation will also be available online at https://www3.gotomeeting.com/join/555864886.
 
About Forex International Trading Corp.
 
Headquartered in New York, NY, Forex International Trading Corp. operates an offshore advanced online trading platform for Forex markets to non U.S. residents. The Company focuses on providing individual and institutional investors with a platform for buying and selling currencies, precious metals and commodity futures. The company's platforms allow self-directed, broker-assisted, and managed accounts. Through the platforms, 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 platforms.
 
For more information, please visit: http://www.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.
 
SOURCE: Forex International Trading Corp.
CONTACT:
Investor Relations: Core Consulting Group Paul DeRiso, 925-465-6088 paul@coreconsultingroup.com
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