NEW YORK - (Business Wire) Global Investor Services, Inc. (OTCBB:GISV) has entered into a Letter of Intent with Questrade®, a Canadian on-line broker, to provide its education and proprietary analysis tools to Questrade® clients. The closing of a deal with Questrade® is subject to the drafting of a definitive agreement, agreeing on final terms and board approval of both companies. There is no guarantee that we will successfully close this transaction or that we will generate revenue in connection with this potential arrangement. “We are extremely pleased to enter into this letter of intent with Questrade® and we plan to quickly move to a definite agreement signing. Both companies are immediately investing resources prior to the definitive agreement. We believe that our investor education and analysis tools will provide significant benefits to self-directed traders. Questrade® is Canada’s fastest growing on-line broker with a commitment to providing its clients with cost effective brokerage services and extensive training and innovative analysis tools making them the perfect partner for our platform.” said Nick Maturo, CEO of Global Investor Services.
With the letter of intent agreement signed, GIS is modifying its platform for integration into the Questrade® website for use by their clients. Questrade® is the first Canadian broker to allow Canadian investors to trade US stocks and options in registered accounts (Retirement Accounts) without the currency conversion fees. This exclusive benefit combined with Questrade’s continued commitment to investor education will make this a perfect match for Global Investor Services online education library and analysis tools platform.
Questrade clients will have the ability to view a complete fundamental analysis of both US and Canadian traded securities along with a technical overlay of entry and exit points. In addition, the platform will provide a ranking of the healthiest companies based upon extensive fundamental analysis of growth, earnings and revenue.
Edward Kholodenko, President and CEO of Questrade® said: “Our agreement with Global Investor Services continues to demonstrate our commitment to providing our clients with a full suite of resources to support their trading. In addition to our Toronto based state of the art Learning Center, we are adding the GIS platform so our clients will be able to access extensive training and analysis tools anytime, anywhere!”
About Global Investor Services, Inc:
Global Investor Services provides and delivers a comprehensive online program of investor education, offers proprietary investor search tools and trading indicators, distributes weekly newsletters, offers access to a live weekly Trading Room, as well as one-on-one coaching through the company’s InvestView division, www.investview.com.
About Questrade:
Questrade Inc., headquartered in Toronto, provides Canadians with high-speed, direct access trading in the U.S. and Canadian stock and option markets as well as forex trading. Since its inception in 1999, the company has grown and diversified, and is currently ranked as Canada’s fastest-growing online brokerage. The company continues to demonstrate its competitive leadership through a combination of outstanding service, advanced technology and competitive pricing structures.
Global Investor Services, Inc.
Bill Kosoff, 212-227-2242
CFO
www.gisvonline.com
or
Questrade Inc.
Lynn Suderman
Tel: 416-227-9876 x371
Tel: 1-888-783-7866 x371
Manager, Communications
lsuderman@questrade.com
www.Questrade.com
