ChineseInvestors.COM Announces the Opening of a Binary Options Call Center in Shanghai China
SHANGHAI, July 9, 2012 /PRNewswire/ -- ChineseInvestors.COM (OTCBB 'CIIX') announced today that it entered into a lease agreement for approximately 400 SM of space on the 21st floor of the Sun Tong Info Port Plaza Building from Shanghai Sun Tong Property Development Co., Ltd. of Shanghai, China. Once finished, this new space will support a team of approximately fifty persons tasked to provide general support services for our partner, OptionWorld (KrisWorld Development Limited of Hong Kong). This Call Center will generally serve the Pacific Rim and specific European geographies with Chinese population concentrations and is exclusive in nature to that audience.
Once the Call Center if fully staffed and in fulltime operation, it should substantially increase this new revenue stream for the Company as announced earlier this year. This new Call Center will also be providing support for many of the Company's existing services that offer real time information relative to the various world financial marketplaces (US Financial Markets, FOREX, China 'A' Shares, etc.).
Growth in the Binary Options marketplace worldwide for the most part has been based upon the simplicity of trading a wide class as well as range of assets using a pre-set risk/reward matrix and the ease of trading offered by the anywhere, anytime platform. This simple matrix has helped propel binary options marketplace growth substantially since it first became available as a financial trading vehicle on the Chicago Board Options Exchange (CBOE) in 2008. Monthly transaction volume has grown to in excess of 2.5 billion dollars worldwide as investors have shown an ever increasing interest in this type of transaction to hedge as well as diminish specific risks elsewhere in their portfolios.
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 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 new related services and there is no assurance that we will generate revenues sufficient to offset those costs. Expansion 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.
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