ChineseInvestors.COM Announces Entry into an Exclusive Rights Agreement for Binary Option Trading Services in China
SHANGHAI, Feb. 20, 2012 /PRNewswire/ -- Warren Wang, CEO of ChineseInvestors.COM, an Indiana Corporation (OTC Bulletin Board: CIIX) announced that the Company is entering into an exclusive agreement to expand their current affiliate relationship providing binary option support services and referrals to now include an exclusive rights agreement for referring party (IB) rights as well as coordination as it relates to greater China with OptionWorld (KrisWorld Development Limited of Hong Kong).
Binary options trading has the benefit of offering a fixed risk and fixed return parameter as set by the investor and have significantly increased in popularity worldwide since inception in 2008 (CBOE). Current monthly trading volume is in excess of $2.5B and is generally influenced by price momentum as well as financial news and other related factors.
Mr. Wang believes that this arrangement could add significant new revenues for the Company as it works to expand its general presence and service offering(s) in China as it relates to the offering of binary option trading services internationally. Within the 1st two months of entering into the affiliate relationship as noted herein (December, 2011), this new income stream has generated over $80k of new revenue for the Company and is expected to grow significantly as the Company expands into this market under this new agreement.
Safe Harbor Statement
This press release may contain forward looking statements which are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues as well as any payment of dividends on our common and preferred stock, statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commissions (SEC) including but not limited to information as contained within the Company's most current quarterly reports, annual reports, and or other such filings. Furthermore, the Company disclaims any intention or obligation to update or revise any such forward looking statements, whether as a result of new information, future events, or otherwise. We have incurred and will continue to incur significant expenses in our expansion into offering binary option trading related services. There is no assurance that we will generate enough revenues to offset those costs. Expansion into binary option trading services may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations we will be providing services in; the impact of which cannot be predicted at this time.