International Assets Holding Corp. Announces Advancements in its Global Internet Strategy.NEW YORK--(BUSINESS WIRE)--Aug. 9, 1999-- International Assets Holding Corp. (the "Company") (Nasdaq:IAAC IAAC Information Assurance Advisory Council IAAC Interamerican Accreditation Cooperation IAAC Inter American Accreditation Cooperation IAAC Infertility Awareness Association of Canada, Inc IAAC Indo-American Arts Council, Inc. ) announced three important changes today involving its online retail brokerage subsidiary, International Trader Association, Inc, and its global Internet strategy. First, on July 15, 1999, International Trader Association, Inc. filed an amendment to its Articles of Incorporation The document that must be filed with an appropriate government agency, commonly the office of the Secretary of State, if the owners of a business want it to be given legal recognition as a corporation. with the Florida Dept. of State, effectively changing its name to INTLTRADER.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. , INC. Second, in preparation of an expansion of the Company's global Internet strategy, on April 15, 1999 the Company incorporated OffshoreTrader.com Ltd. ("OTCL OTCL Object Tool Command Language OTCL Oriented Tcl ") as a Bermuda exempted company. OTCL is a wholly-owned subsidiary of the company, and was established to offer global Internet securities trading to non-U.S. citizens only. Finally, Paine-Webber has been engaged to act as exclusive financial advisor to help the Company raise capital or find a strategic partner to effectively execute its global Internet strategy. International Assets Holding Corp. is an independent financial services firm dedicated to the concept of global diversification and the long-term value of global investing. Founded in 1987 and publicly traded since 1994, the Company's business is conducted through two principal operating subsidiaries: International Assets Advisory Corp. (IAAC; www.IAAC.com) and Global Assets Advisors (GAA GAA Goals Against Average (Hockey) GAA Gaelic Athletic Association GAA Gravure Association of America (Rochester, NY) GAA German Agro Action GAA Global Aquaculture Alliance GAA Gay Activists Alliance ). IAAC is a dealer of global securities offering institutions and retail investors access to financial markets around the world. GAA is a registered investment advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in specializing in professional global money management for high net-worth individuals and institutions. In addition, the Company recently formed a third subsidiary, now called INTLTRADER.COM, Inc., to execute its previously announced strategy of offering investors 24-hour, online trading of foreign and domestic securities using the Internet. |
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