0001013762-12-000430.txt : 20120306 0001013762-12-000430.hdr.sgml : 20120306 20120306091823 ACCESSION NUMBER: 0001013762-12-000430 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120305 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120306 DATE AS OF CHANGE: 20120306 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: 000-54530 FILM NUMBER: 12668883 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):  March 5, 2012

Commission File Number 000-54530 
 
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.)

Moria 30 Avenue, Haifa, Israel 34572
(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))

 
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Item 2.02                      Results of Operations and Financial Condition
Item 7.01                      Regulation FD Disclosure

On March 5, 2012, Forex International Trading Corp. (the “Company”) issued a press release providing a corporate update.  A copy of the Company’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 March 5, 2012
 
 

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.
  
       
 
By:
/s/ Liat Franco
  
 
Name:
Liat Franco
  
 
Title:
CEO, President, CFO, Secretary, Treasurer and Director
  
       
 
 
 
Date: March 6, 2012

 
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 EX-99.1 2 ex991.htm EXHIBIT 99.1 ex991.htm
Exhibit 99.1
 
 
Forex International Provides Corporate Update
 
HAIFA, Israel--(BUSINESS WIRE) – March 5, 2012 - Forex International Trading Corp. (the "Company") (OTCBB: FXIT - News), today announced that in addition to the $732,000 received upon execution of the Annulment of the Share Purchase Agreement in December 2011, the Company has received two additional monthly payments as agreed on the settlement agreement.  The Company also continues to maintain its website, www.4xint.com, under its white label licensing agreement, where it operates its forex trading platform. Management of the Company continues to evaluate opportunities in which it will deploy its cash reserves.
 
On December 13, 2011, the Company loaned Fortune Market Media Inc. $150,000. In consideration of such loan, Fortune Market issued a Promissory Note to the Company, which bears interest at 12% per annum and matures on February 13, 2012 and is secured by the securities of an existing public company. To date Fortune Market did not pay off the Note, and the parties are negotiating the offset of the amount due under the Note against credit balances of Fortune Media’s affiliates.
 
On December 20, 2011, effective January 2, 2012, Erik Klinger was appointed by the Company to serve as the Chief Financial Officer and a Director of the Company. Mr. Klinger’s principal objectives will be to assist in the deployment of the Company’s assets, management and oversight of the Company’s financial statements and filings with the Securities and Exchange Commission, and to perform due diligence on proposed acquisition targets, if any.
 
On December 28, 2011, the Company engaged Rosen, Seymour, Shapss, Martin & Company LLP as its independent registered public accounting firm for the Company’s fiscal year ended December 31, 2011. 
 
On February 13, 2012, Direct JV Investments Inc., a wholly-owned subsidiary of the Company entered into a Joint Venture Agreement with a third party , whereby the Company will from time to time provide financing to certain alternative, green and solar energy projects with the goal of sharing in any rebates awarded by the government on any of the projects.  
 
The Company is currently evaluating and negotiating a mid–term debt investment whereby it will invest approximately $250,000 that will be secured by a second trust deed on real property. There is no guaranty that the Company will be able to finalize definitive financing documents or that it will close this investment.
 
About Forex International Trading Corp.
 
Headquartered in Haifa, Israel, Forex International Trading Corp. operates an advanced online trading platform through a white label licensing agreement for non-US Forex markets through www.4xint.com. The Company focuses on providing individual and institutional investors a platform for buying and selling currencies, precious metals and commodity futures. The Company provides platforms for self-directed, broker-assisted, managed accounts and accumulation programs. Through this platform, customers have access to over 20 currencies and bullion deliveries.
 
 
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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.
 
Contact:
 
Forex International Trading Corp.
 
Mrs. Franco, 888-333-8075 begin_of_the_skype_highlightingend_of_the_skype_highlighting
 
CEO
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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