CIIX CEO Comments on Recent Insider Purchases of CIIX Shares and Offers a Business Activity Update
SHANGHAI, May 30, 2012 /PRNewswire/ -- ChineseInvestors.COM (OTCBB 'CIIX') - Mr. Warren Wang, CEO recently noted that he is continuing to increase his holdings in company stock. "Recent CIIX stock weakness is primarily related to specific shareholder profit taking (selling) due to a low basis value in the stock," Mr. Wang commented. "It is my belief that this particular group of sellers will eventually disappear from our shareholder list and more specifically; I don't see any other fundamental reasoning behind this selloff." Mr. Wang further noted that he is purchasing shares due to his strong belief that the stock is undervalued and that new initiatives the Company is presently working on developing have already begun to generate additional revenues for the Company.
Our (ChineseInvesors.COM) mission has always been to provide an educationally based training platform supported with both practice and real time trading engines for Chinese persons around the world. We advance this objective by offering several different assets classes and products to choose from including our recent addition of a Binary Options product as recently included in our expanded franchise agreement with OptionWorld (KrisWorld Development Limited of Hong Kong). KrisWorld CEO Kristian Jacobs noted that ChineseInvestors.COM customers have opened over $1.3M in new accounts averaging just over $10,000 per account over the past five months. On May 3rd, The Cyprus Securities and Exchange Commission announced that it is getting prepared to release its initial regulations for binary option trading, noting this is a milestone for the binary option industry whose US beginnings sprung from a CBOE initiative in 2008.
More recently ChineseInvestors.COM has begun to offer corporate consulting services (as announced on April 18th) as they relate to the OTC marketplace and the development of various strategies available to private companies considering their options in becoming a public company. It currently has several clients in various stages of strategic option consideration and has recently added additional personnel to advance these service offering both here in the US as well as China.
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