MIAMI, Oct. 1, 2010 (GLOBE NEWSWIRE) -- Southern Trust Securities Holding Corp., (OTCBB:SOHL) a financial services company offering Broker-Dealer, Investment Banking, Investment Advisory and Wealth Management services, announced the addition of a second London metals trading company/clearing agent. The agreement provides for more competitive precious metals pricing.
Mariano Llosa-Dergan, Senior Vice President Southern Trust Metals, commented: "Expanding our capabilities by adding a second metals clearing firm further improves our access to the markets, and permits Southern Trust Metals to deliver high quality executions for our growing client base. We continue to be bullish on the long term outlook for precious metals. With Gold making new all time highs, and with Silver at a 30 year high, we are witnessing a surge in investor awareness and interest for precious metal investing. Silver appears to be the investors standout metal of choice because of mounting industrial demand, as well as growing investment demand. Based on growing interest in the precious metals complex as a whole, we expect to see strong growth in the year ahead for Southern Trust Metals. In the past 45 days, we have received purchase orders in excess of 1,600,000 USD."
STSHC's CEO, Robert Escobio, commented: "Southern Trust Metals has been growing since its inception in November 2009. We are pleased with its development to date, and expect this business to be an important revenue provider going forward."
About Southern Trust Securities Holding Corp.
STSHC 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 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). STS clears trades through, and maintains client accounts with, Pershing LLC, a wholly owned subsidiary of The Bank of New York Mellon Co.
Forward – Looking Statements
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.