ADM Investor Services, Inc. and Iowa Grain Company Announce Agreement.CHICAGO -- ADM See add/drop multiplexer. (language) ADM - A picture query language, extension of Sequel2. ["An Image-Oriented Database System", Y. Takao et al, in Database Techniques for Pictorial Applications, A. Blaser ed, pp. 527-538]. Investor Services, Inc. (ADMIS ADMIS Administrator Management Information System ADMIS AGFA Document Management Information System ) and Iowa Grain Company (Iowa Grain) have reached an agreement in which ADMIS will acquire the customer business and technologies of Iowa Grain. Terms of the transaction have not been disclosed; however, the transaction is expected to be completed on July 1, 2008. "Both ADMIS and Iowa Grain share similar corporate cultures and philosophies. Combining our operations will allow us to take advantage of numerous synergies between our firms. Each firm's customers will benefit from the combination of ADMIS' and Iowa Grain's resources," said Richard Dodson, President of ADMIS. Mike Brinati, the President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Iowa Grain, concurs with Mr. Dodson and adds, "With the increased volatility in the global futures markets, it's important to have a large and stable capital base, which this transaction will provide. We are confident this evolution affords our customers and brokers enhanced access to the global marketplace, while maintaining the premier customer service they have grown to expect." ADMIS and Iowa Grain have shared a close working relationship over the years, and each firm has been in the forefront of technological innovation. As the industry moves forward, this merging of operations will produce one of the strongest and financially stable Futures Commission Merchants Futures commission merchant (FCM) A firm or person engaged in soliciting or accepting and handling orders for the purchase or sale of futures contracts, subject to the rules of a futures exchange and, who, in connection with such solicitation or acceptance of orders, accepts any in the industry, with state of the art services and efficient access to trading platforms and electronic trading facilities. About Iowa Grain Company Iowa Grain Company (Iowa) is headquartered in the Chicago Board of Trade Building The Chicago Board of Trade Building is a skyscraper located in Chicago, Illinois. It stands at 141 West Jackson Boulevard at the foot of the LaSalle Street canyon, in the Loop community area in Cook County, Illinois, United States. and is a clearing member of the Chicago Board of Trade Chicago Board of Trade (CBOT) The second largest futures exchange in the US, and a pioneer in the development of financial futures and options. . Iowa has a track record of 40 years of success, service and stability in the futures markets. Iowa provides access to all global futures markets 24 hours a day and specializes in the U.S. agricultural futures and options markets. For further information on Iowa Grain Company, please visit www.iowagrain.com. About ADMIS ADM Investor Services, Inc. (ADMIS) has been a leader in the futures brokerage industry for more than 40 years. ADMIS branches and affiliates around the globe provide clients with unparalleled brokerage services around the clock. ADMIS offers comprehensive futures trade execution and clearing services to retail, commercial, institutional and Introducing Broker clients in an environment of strong ethics and financial stability. ADMIS, headquartered at the Chicago Board of Trade Building, is a clearing member of all U.S. futures exchanges, with affiliated entities in London, Hong Kong and Taiwan. ADMIS is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Archer Daniels Midland The Archer Daniels Midland Company (NYSE: ADM), is a conglomeration based in Decatur, Illinois. ADMoperates more than 270 plants worldwide, where cereal grains and oilseeds are processed into numerous products used in food, beverage, nutraceutical, industrial and animal feed Company. For additional information on ADMIS, please go to www.admis.com. |
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