Patagon.com Agrees to Acquire a Seat On the Venezuelan Stock Exchange.MIAMI--(BUSINESS WIRE)--Sept. 7, 1999-- Patagon.com International Ltd., the Internet destination for Latin American financial markets, announced today it has reached an agreement to acquire a seat on the Bolsa de Valores de Caracas, the Venezuelan stock exchange, from Heptagon Casa de Bolsa, a subsidiary of Heptagon Grupo Financiero. As part of the agreement, Patagon.com will act as transaction agent for Heptagon Casa de Bolsa on the Venezuelan exchange, processing all buy and sell orders. Patagon.com also announced the appointment of Meyer Malka, a managing director at Heptagon, to country manager of Patagon.com Venezuela. Over the past three years Heptagon Casa de Bolsa has ranked among the top 15 brokers in Venezuela in annual equities transaction volume, and among the top five in fixed-income transaction volume. The firm was founded in 1992. "Acquiring a seat on the Bolsa de Valores de Caracas will add to our network in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. while giving us a direct channel to reach Venezuelan consumers," said Constancio Larguia, co-founder of Patagon.com. "As consumers in Argentina and Chile are discovering, Patagon.com is the premier destination for financial news, market data, products and services in Latin America." The acquisition will be Patagon.com's third within the past 90 days, having purchased Argentina's InvestCapital S.A. Sociedad de Bolsa and the retail brokerage unit of Chile's Tanner The code name for the Xeon version of the Pentium III chip. See Xeon. Corredora de Bolsa after receiving a joint capitalization capitalization n. 1) the act of counting anticipated earnings and expenses as capital assets (property, equipment, fixtures) for accounting purposes. 2) the amount of anticipated net earnings which hypothetically can be used for conversion into capital assets. from Chase Capital Partners and Flatiron Partners. Following closure of the deals, the firms were renamed Patagon.com Argentina and Patagon.com Chile, respectively. "Patagon.com will deliver to Venezuelan consumers a much wider array of financial information and tools to help better manage their finances than is currently available," said Meyer Malka. Following the transaction, Heptagon Casa de Bolsa will rename Re`name´ v. t. 1. To give a new name to. Verb 1. rename - assign a new name to; "Many streets in the former East Germany were renamed in 1990" itself Heptagon Sociedad de Titulos y Valores. Patagon.com features an array of free information in English, Portuguese and Spanish on Latin American financial markets, including stock prices, financial analysis and trends, news, performance charts, investor education and user forums. The firm also offers online brokerage services to local users in Argentina. To help promote the site throughout Latin America, Patagon.com recently signed a category-exclusive sponsorship deal with StarMedia Network. Patagon.com is the first Internet destination offering a range of financial news, products and services to individuals throughout Latin America. The firm maintains a network of offices in Miami, Florida “Miami” redirects here. For the Native American tribe, see Miami tribe. Miami is a major city in southeastern Florida, in the United States. It is the county seat of Miami-Dade County. Miami is a gamma world city with an estimated population of 404,048. , Buenos Aires Buenos Aires (bwā`nəs ī`rēz, âr`ēz, Span. bwā`nōs ī`rās), city and federal district (1991 pop. , Argentina, Sao Paulo, Brazil, Santiago, Chile Santiago, officially Santiago de Chile (Spanish: (helpinfo)), is the capital of Chile, and the center of its largest conurbation (Greater Santiago). , Mexico City Mexico City Spanish Ciudad de México City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi , Mexico and Caracas, Venezuela. Patagon.com also owns retail brokerage operations in Argentina and Chile. |
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