(News) IGEX appoints a new CEO

Published: Fri, 12/20/19


 

Good morning,

Indo Global Exchanges Pte Ltd (IGEX) just announced news this morning that they have appointed a new CEO, check it out...

Indo Global Exchange(s) Pte Ltd Announces New CEO

CLOVERDALE, CA / ACCESSWIRE / December 20, 2019 / Indo Global Exchange(s) Pte Ltd (OTC PINK:IGEX) is pleased to announce Leonard Armenta has been appointed as the company's CEO.

Effective immediately Mr. Armenta will take over all operations for Indo Global. The company believes that due to Mr. Armenta's vast experience in the sports nutrition industry and his personal knowledge of the acquisition target of Sinister Labs that he is best suited to bring the company's ambitions to fruition.

Stated outgoing CEO, Jason Black: "After careful consideration I believe the best path forward is to leave the company in the hands of Mr. Armenta. The Sinister acquisition was brought to the company by Leonard and he should be the one to see that it closes. I thank shareholders for their ongoing support during my time with IGEX and wish everyone the best into future."

Read in full at https://finance.yahoo.com/news/indo-global-exchange-pte-ltd-132000861.html

All the best.


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Subscribers,

We've got a brand new small float momentum trade idea for today, Indo Global Exchanges Pte Ltd (IGEX).

IGEX has a tiny market cap of under $3 million and a float of less than $1.5 million. 

Recently IGEX has been on a tear. As you can see in the chart below, IGEX ran from $0.0005 to almost $0.003 in a couple of weeks, recording incredible gains of around 460%.

Now its pulled back to around $0.0013, right in the buy zone and is consolidating, waiting for another potential breakout move.

We think now could be the perfect time to get IGEX on your trading radar and capitalize on the continuing breakout momentum.





Indo Global Exchange(s) Pte, Ltd. (GOHE) focuses on providing financial market access to customers worldwide. Its platform provides financial market access to approximately 30 equity exchanges for trading in securities and contract for differences.

The Company has had plenty of major news in recent weeks to fuel the momentum. 

Indo Global Exchange(s) Pte Ltd Provides Acquisition Update

CLOVERDALE, CA / ACCESSWIRE / December 10, 2019 / Indo Global Exchange(s) Pte Ltd (OTC PINK:IGEX) is pleased to update shareholders on the company's acquisition strategy.

As previously announced, the company has entered into a Letter of Intent to acquire Sinister Labs. A rapidly growing supplements and nutritional foods company.

Recently Sinister's President, Scott James, was quoted as stating: "After receiving interest from multiple parties we are excited to have an executed LOI with IGEX. We are pleased with the progress we've made in establishing a strong foundation for IGEX and their experienced team to build upon. We look forward to working through the final details in our agreement and are hopeful to consummate the transaction in the very near future."

As the company wraps up the final purchase agreement of Sinister, IGEX intends to expand on the foundation they've built by adding a line of CBD products, tentatively referred to a "Sinister CBD". The company is already in talks with prospective brand ambassadors for the anticipated CBD launch.

With the CBD industry now generating $600 million globally, the company believes the addition of these CBD lines can expand Sinister's already impressive 2018 gross revenue of $3.2 million (net revenue of $2.4 million) and achieve a gross revenue exceeding $5 million for 2020.

To assist with the development of the CBD infused products the company has entered into an agreement with Viridian Resources. Viridian is a Northern California company specializing in product development and marketing within the hemp and CBD industry.

Viridian will be responsible for assistance with sourcing high quality, lab tested, hemp CBD and overseeing the process of designing and branding innovative CBD products while remaining loyal to Sinister's core market in the nutritional health and wellness industry.

Finally, the company will be adding additional personnel in the coming weeks that are familiar with Sinister and their industry overall. We believe this addition will help maintain a seamless cohesion during this transition period and uphold the integrity of what Sinister has built thus far.

Further updates will be forthcoming as the company continues to advance on these objectives.

Stated CEO, Jason Black: "From the moment the opportunity with Sinister presented itself, my immediate instinct was that the natural evolution for this company should be to break into the CBD market as well. I believe my familiarity with the cannabis and hemp sectors and the vision I conveyed for the company is what set us apart from other potential buyers. Sinister has established a great industry footprint and I'm confident, once we close on the acquisition, adding high quality CBD products will take this company to the next level and vastly expand opportunities for future growth and increased shareholder value."

Learn more about Sinister Labs at: sinfitnutrition.com

Learn more about Viridian Resources at: viridianco.com

Read in full at https://finance.yahoo.com/news/indo-global-exchange-pte-ltd-153000058.html
 

Indo Global Exchange(s) Pte Ltd Adds New Board Member

CLOVERDALE, CA / ACCESSWIRE / December 16, 2019 / Indo Global Exchange(s) Pte Ltd (OTC PINK:IGEX) is pleased to announce Leonard Armenta has been added to the Board of Directors.

Mr. Armenta has worked in the sports nutrition industry for 20 years in various capacities. Having previously served as COO of MusclePharm and VP of Development for Creative Edge Nutrition, to name a few, the Company believes Mr. Armenta is particularly qualified to help prepare IGEX for the pending acquisition of Sinister Labs.

Stated CEO, Jason Black: "I'm extremely excited to be adding Leonard to the company's board. His overall knowledge of the industry and his close relationship with the current management at Sinister will be invaluable as we move forward on this deal."

Read in full at https://finance.yahoo.com/news/indo-global-exchange-pte-ltd-181500971.html


We think IGEX could continue to provide a lot of upside potential in the coming days and weeks. 

IGEX has been on a major momentum fueled breakout in the past few weeks and we think it will continue in the short term. 

The recent news appears to have been a strong catalyst and given recent acquisition, the news could continue to excite shareholders and traders together.



All the best.

SmallCapMomo.com

picks@smallcapmomo.com
 
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