NEW YORK, NY--(Marketwired - Jul 7, 2015) - In the news release, "World Health Energy Holdings Inc. (WHEN) Announces Purchase of FSC Software Inc. -- a Software and Online Trading Company" issued earlier today by World Health Energy Holdings Inc. (
World Health Energy Holdings Inc. (WHEN) Announces Purchase of FSC Software Inc. -- a Software and Online Trading Company
NEW YORK, NY -- Jul 7, 2015 -- World Health Energy Holdings, Inc. (
FSC has a suite of next generation, direct-access online trading platform solutions for equity, options, bonds, futures and forex trading on the global markets as well as risk management software.
FSC is well positioned to enter the market and begin competing with established online trading firms like E-Trade (www.etrade.com), Ameritrade (www.tdameritrade.com), and Interactive Brokers in the online trading fields.
FSC will focus on marketing its products globally; initially concentrating in the Asian and European markets. The Company's current revenue model is built on leasing its software to financial institutions and traders in the $10B+ market. FSC also plans in the near future to acquire a Broker/Dealer License(s) and Asset Management License(s) to be able to offer its products directly to end users. The acquisition of these licenses will provide the potential for additional revenue streams for the company.
Per the terms of the Purchase Agreement, WHEN will pay 70B shares initially and an additional 130B shares pending full delivery of the back-office portion of the software.
WHEN CFO Jason Lurie said, "We're really excited about the opportunities at-hand. Despite being a highly competitive market online trading continues to grow. Our research shows the Asian markets are currently under-served and are clamouring for an easy-to-use platform like the one we now own. Similar companies have experienced $3-700M buy-outs for their software platforms alone."
FSC has an experienced management team who have worked with industry-leaders in the online trading markets.
Shareholders and interested investors who would like to be added to WHEN's corporate e-mail list are encouraged to send an e-mail to email@example.com for all future corporate press releases and industry updates.
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