SCOTTSDALE, Ariz., May 16, 2014 /PRNewswire/ -- Global Profit Technologies (GLPT), developer of one of the worlds most sophisticated, most complete, fully automated Forex trading software platforms, called the 4X-DAT™, today announced that it has retained Sichenzia Ross Friedman Ference LLP (SRFF) to structure and lead $5 million round of funding and act as our securities legal counsel.
SRFF has again been ranked the number one PIPE issuer law firm in the nation for YTD 2014, as ranked by the industry-standard DEAL FLOW REPORT. Since 2004, when the firm was initially ranked as the #1 PIPE law firm nationwide, the Firm has completed approximately 500 such transactions valued at more than $3.0 billion, making it the #1 overall ranked firm for the period.
Joseph Nemeth, Chairman & Chief Executive Officer at Global Profit Technologies said, "After a careful selection process, we determined that SRFF would provide us with the best opportunity to connect with the capital markets The firm's experience for all matters in the securities industry, capital formation, up listing to national exchanges and introductions to broker-dealers, private and institutional investors, gives us confidence that we will succeed."
Andrea J. Cataneo, Partner at SRFF, stated, "We have worked with many companies in the technology and financial services sectors, and we understand the space, particularly in terms of capital required for high growth companies." She went on to say, "Global Profit Technologies is the ideal type of company we look to represent given its exceptional management team, distinction in the market place, and anticipated growth in the Forex market over the next 5-10 years. We look forward to lending our expertise to the execution of the Company's strategic growth plans."
ABOUT GLOBAL PROFIT TECHNOLOGIES: Global Profit Technologies, Inc. [GLPT] is a publicly traded e-commerce company within the Financial Products & Services Sector and Continuing Education & Training segment of the financial community. Specifically, its proprietary software applications designed to automate in the over-the-counter foreign currency markets, are poised to revolutionize retail trading and investment strategies as we now know them. www.4x-dynamicautotrader.com or www.4x-dat.com.
ABOUT SRFF: Sichenzia Ross Friedman Ference LLP is headquartered in New York City and offers a full range of financial and business legal service. SRFF specializes in advising business entities on all securities matters including public offerings, private investment in public entities (PIPEs) deals and international reverse merger transactions. SRFF is also nationally recognized as a leading firm for representation of broker-dealers and securities industry professionals in SEC and FINRA enforcement proceedings as well as securities litigation and arbitration. The Firm is a recognized leader in PIPEs transactions for publicly traded companies and has completed over 400 deals to date, totaling over $2.5 billion since 2001. SRFF maintains dedicated international corporate practice groups and is acknowledged for legal excellence, sectoral expertise and a strong commitment to innovation and client service. www.srff.com
SOURCE Global Profit Technologies