Michel Daher Makes Strategic Investment in Bonds.com
NEW YORK, Dec. 13, 2011 /PRNewswire/ -- Bonds.com Group, Inc. (OTC.BB:BDCG, "Bonds.com") announced today that Michel Daher, Chairman of Daher Bonds Investment Company ("DBIC"), has made a strategic investment in Bonds.com. Other investors include Mida Holdings ("Mida"), Oak Investment Partners, and GFINet Inc. ("GFI"). The total raise is $16.6 million.
Michel Daher, Chairman of DBIC, and Henri J. Chaoul, Ph.D., have been named to the Board of Bonds.com Group, Inc.
Bonds.com's wholly-owned subsidiary Bonds.com, Inc. ("BCI"), a FINRA registered Broker Dealer and ATS, offers access to live liquidity and execution through its web based electronic BondsPRO platform. BondsPRO provides over 70 thousand live prices (with 65 million price updates daily) on 10 thousand different issues from over 300 contributing counterparties. BondsPRO posts live, anonymous, negotiable orders on a single bond or list basis, and permits price negotiation - executing global corporate fixed income efficiency trades on behalf of professional traders. The model drastically reduces the cost of supply meeting demand. BCI is a neutral counterparty to all trades, acting as a riskless principal. All activity is transparent to clients.
Michel Daher, Chairman of DBIC said: "The global fixed income markets are poised for the increased efficiency that electronic trading provides. This capability is critical for traders who face more difficult and uncertain markets than have been seen in decades. Bonds.com is a singular approach and solution to access liquidity and trade on-demand. We are bringing a level of productivity that will be essential to the fixed income markets globally in the years ahead. The investment we announce today is designed to establish Bonds.com as the premier trading platform for fixed income traders worldwide. We look forward to substantial future growth."
George O'Krepkie, President of Bonds.com said: "This investment by Michel Daher, and the renewed participation of our previous investors, reflects the confidence that they have in our all-to-all model as unique in fixed income trading. Their confidence is matched by the confidence our clients continue to show in us as we grow across all key performance measures. We will now have coverage and strong distribution in MENA, adding to our current coverage in North America, Europe, and Latin America, from our single, continuous platform."
About Bonds.com Group, Inc.
Bonds.com Group, Inc., through its subsidiary Bonds.com, Inc., serves institutional fixed income investors by providing a comprehensive, zero subscription fee online trading platform for Corporates. The company provides a global solution for trading small lot inventories electronically.
The statements made in this press release which are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include, without limitation, statements regarding our ability to expand and grow the company, our ability to operate competitively and pursue growth objectives, our future performance and management's ability to anticipate industry developments. Such forward-looking statements may be prefaced by words such as "anticipate", "expect", "believe" and words with similar meanings. As a result of a number of factors, actual results could differ materially from those set forth in the forward-looking statements. Certain factors that might cause our actual results to differ materially from those in the forward-looking statements include, without limitation, general economic conditions and the risks set forth in our Annual Report on Form 10-K for the year ended December 31, 2010 and in our other filings with the U.S. Securities and Exchange Commission from time to time. The company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
Bonds.com, Inc. – Member FINRA/SIPC/MSRB
SOURCE Bonds.com Group, Inc.
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