NEW YORK, March 23, 2004 (PRIMEZONE) -- Exus Global, Inc. (OTCBB:EXGO) today announced that the Company's listing application has met all admission requirements and has been accepted for listing on the Berlin Stock Exchange. The listing is now effective, and Exus Global trades under the ticker symbol EH6, and German Securities CUSIP number US 3022853093. The company will continue to trade on the NASDAQ OTC Bulletin Board under the symbol EXGO.
Ike Sutton, CEO of Exus Global, Inc., commented, "Given the global focus that the Company has undertaken as it moves forward as an investment company, the listing on the Berlin exchange is a logical step to bring greater value to Exus shareholders. It is expected to allow European investors, even those who invest more modest amounts, to become shareholders in Exus using their domestic currencies. Transactions can be easier and less expensive for these investors, and the listing will bring more information to foreign investors in their native languages.
"As the Company makes planned acquisitions in foreign markets, this listing will bring even more attention to Exus overseas where its anticipated additional subsidiaries may be located," added Mr. Sutton.
About the Company
Exus Global, Inc. has filed an election to become a Business Development Company, pursuant to Section 54 of the Investment Company Act of 1940. The Company's core focus will be to invest in synergistic businesses in the area of Distant Education, delivered via a combined satellite and terrestrially based network in order to build capital appreciation and shareholder value in Exus Global's investment portfolio. Through its subsidiary E-Education Network, Inc., Exus offers the first prepaid Smart EducationCard(tm) to students worldwide. E Education Network is also developing Educational Internet Centers (EENICs) in emerging markets to provide Internet access and educational resources. Exus Global's other subsidiary, AGI Partners Ltd., is a business consulting company that will provide a number of services to client companies.
All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of Exus Global, Inc. are forward-looking statements. Such statements are necessarily subject to risks and uncertainties, some of which are significant in scope and nature beyond Exus Global, Inc.'s control. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Actual results may differ materially depending on many factors, including those described above. Exus Global, Inc. cautions that historical results are not necessarily indicative of the future performance.