IRVINE, Calif., July 12, 2006 (PRIMEZONE) -- Sage Global Solutions, Inc. (Pink Sheets:SGGL) (German WKN No. A0J265) (XETRA:Q9A) is pleased to announce that they have been granted permission to trade on the Frankfurt Stock Exchange, the third largest exchange in the world. Trading of Sage Global shares in Germany started today, July 12, 2006.
The Frankfurt Stock Exchange's turnover and securities dealing rates is one of the world's highest. It leads the eight German stock exchanges and is responsible for 85 percent of the securities trading volume in Germany. The Frankfurt Exchange provides full-service trading capabilities, which include a trading floor as well as an electronic trading exchange, XETRA.
Frankfurt-based RG Securities submitted the application on behalf of Sage global and will serve as its specialist. RG Securities AG is a financial boutique with extensive experience and has established itself as a well-recognized Market Maker on the Frankfurt Stock Exchange (FWB) and XETRA. RG Securities AG is a full member of the Frankfurt Stock Exchange and XETRA, a listing partner of Deutsche Boerse and is fully qualified and recognized by the Deutsche Boerse as the competent advisor in all issues related to the admission to trading on the Frankfurt Stock Exchange.
Sage Global will begin a worldwide awareness campaign in the coming weeks. An extensive tour will be instituted with expected stops in Geneva and Zurich, Switzerland, Frankfurt, Germany and Brussels, Belgium. Company representatives will then travel on to many other cities in Europe through the end of 2006 and well into 2007, including but not limited to, Vienna, Paris, Amsterdam and Stockholm, to meet a diversified and comprehensive group of professionals. The tour will continue well into the future and serve the purpose of introducing Sage Global to the investment community as well as to potentially expand on business opportunities in the European community.
Henry Davidson, CEO of Sage Global Solutions, Inc., stated, "Our decision to apply for listing and trade on the Frankfurt Exchange demonstrates our commitment to facilitate global access to our securities and improve market liquidity. We are looking to expand business opportunities in Western Europe. We are extremely pleased to have RG Securities as our listing agent. Listing on the Frankfurt Exchange will help to further establish our presence in this very lucrative market."
The mission of Sage Global is to present a full spectrum of online financial and insurance services and products for small businesses and the individual retail customer. This acquisition is a significant step toward the Company's goal of becoming a complete financial services institution positioning itself as a market leader in a rapidly-growing industry.
Safe Harbor Statement
Statements in this press release about the company's future expectations other than historical facts are "forward-looking statements." It is important to note that actual results could differ materially from those in such "forward-looking statements" and "forward-looking statements" are inherently subject to risks and uncertainties.