Southern Trust Securities Announces Year End Results
(firmenpresse) - MIAMI, FL -- (Marketwired) -- 04/04/13 -- Southern Trust Securities Holding Corp. ("STSHC") (OTCQB: SOHL), a financial services company offering broker-dealer, investment banking, and investment advisory and wealth management services, announced today its financial results for the year ended December 31, 2012.
Specifically, STSHC generated $3,366,941 in revenue for the year ended December 31, 2012 compared to $3,119,190 in revenue for the year ended December 31, 2011, representing an 8% increase. Net income for the year ended December 31, 2012 was $615,826, or $0.03 per common share, compared to a net loss for the year ended December 31, 2011 of $1,134,445, or a loss of $0.07 per common share, representing a 154% increase. In addition, total stockholders' equity for the year ended December 31, 2012 was $4,419,640, or $0.23 per share. Total assets for the year ended December 31, 2012 were $11,752,751 compared to $9,213,316 in total assets for the year ended December 31, 2011.
Further, STSHC is pleased to announce that is has formed a new wholly owned subsidiary Southern Trust Securities Limited ("STS UK"), based in London, England. STS UK will look to develop over the coming year similar businesses that STSHC currently has.
STSHC's CEO Mr. Robert Escobio commented, "We are pleased with our year end results and look forward to building on these results in 2013. In particular, we expect our Chicago Office, which opened in 2012, to continue to grow its futures securities business. We are also excited to begin our European business expansion through the opening of an office in London during the coming year."
STSHC (Symbol: SOHL) is a financial services company offering securities brokerage, investment banking, asset management and private wealth management for a growing base of retail and institutional, corporate, and high-net-worth clients primarily in Latin America and Europe. STSHC services include access to international investment opportunities in U.S. and foreign capital markets, offshore entities for financial planning, and cross-border transactions, including private placements, bridge financing and reverse mergers into publicly-traded shell corporations. STSHC operates through its subsidiaries, Southern Trust Securities, Inc. (STS) and Southern Trust Securities Asset Management, Inc. (STSAM), Southern Trust Securities Limited, Southern Trust Metals, Inc. (STM) and affiliated Geneva-based International Private Wealth Management S.A. (IPWM). STS is a member of the Securities Investors Protection Corporation (SIPC), National Futures Association (NFA), and Financial Industry Regulatory Authority (FINRA).
This press release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect the Corporation's current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this press release. Except as otherwise required by federal securities laws, the Corporation undertakes no obligation to update or revise these forward-looking statements to reflect new events or uncertainties.
Contact:
Southern Trust Securities Holding Corp.
Robert Escobio
Chief Executive Officer
305-446-4800
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Datum: 04.04.2013 - 08:00 Uhr
Sprache: Deutsch
News-ID 1213421
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