Global Investor Services, Inc. Enters Into a Marketing and Sales Agreement With Newsgrade Corporation
OREM, Utah, May 9, 2011 /PRNewswire/ -- Global Investor Services, Inc. ("Global", OTCBB: GISV) announced that it has entered into a marketing and sales agreement with Newsgrade Corporation ("Newsgrade") pursuant to which Global is to sell and market Newsgrade's products to individuals within Global's vast database and develop training products in connection with Newsgrade's products. An initial product to be developed by Global and offered for sale by both companies at a price point of $1,000 is a 60-90 day training course that teaches individuals how to interpret and use signals generated by Newsgrade's Surfs*Up™ day trading algorithm. Surfs*Up™ monitors and measures waves of investor sentiment in any market and issues signals at points where it anticipates a wave break or reversal. It is currently available for Futures trading and will soon be available for Futures and Forex trading purposes.
Global will be marketing and selling Newsgrade's expanding suite of exclusive computer systems and algorithms that follow or cover investor sentiment readings, fundamental analysis and technical analysis for just about every type of financial instrument that trades, including Futures, Forex, Bonds, Stocks and Commodities. Some of these include STORM™, which operates similarly to the Doppler Radar that is used by meteorologists to measure the barometric pressure for monitoring changes in weather. STORM™ is an investor sentiment computer system that is primarily used by day traders to help them determine whether to be long or short and also how long to stay in the trade. An additional investor sentiment algorithm which Newsgrade expects to soon launch is WARP™. This tool is best used by long-term investors who tend to buy and hold securities such as stocks, leaps and precious metals. It uses a time-warp to synthetically compute a moving average in the future then compares it to the financial instrument's current moving average to generate long-term buy and sell signals.
Commenting on the announcement, Nicholas Maturo, Global's CEO, stated, "We are excited about entering into this agreement with Newsgrade because we believe that it is well positioned to emerge as the leading provider of high performance quantitative computer systems and algorithms which can be used to enhance trader and investor performance. Because Newsgrade's investor sentiment computer systems and algorithms are very unique they have significant pricing power. Additionally, our entering into the this deal is very timely as it will facilitate our entry into providing education and training systems and solutions for the fast growing markets of Futures, Forex and Commodities."
Carl Shaifer, Newsgrade's President, stated the following: "We at Newsgrade are excited about entering into a deal with Global because they have the expertise to develop online investor and trader training programs for our growing suite of exclusive and proprietary trading and investing computer systems and algorithms. What excites us even more is that they have a data base of approximately 100,000 individuals who have paid for and have taken a training course on how to trade stocks or options. Because our products are highly differentiated and cover everything from high frequency trading to long-term investing, we believe that Global will be highly successful in selling and marketing them to their data base."
About Global Investor Services, Inc.
Global Investor Services, Inc. provides and delivers a comprehensive on-line program of investor education through its InvestView brand, offers proprietary investor search tools and trading indicators, distributes weekly newsletters and offers access to a live "state of the art" weekly Trading Room. www.investview.com
About Newsgrade Corporation
Newsgrade Corporation produces and publishes proprietary financial news and information that is used by traders and investors who trade and invest in Futures, commodities, Forex, stocks, bonds and options.
For more information, please contact:
Global Investor Services, Inc.
(801) 889-1800
www.GISVonline.com
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.
SOURCE Global Investor Services, Inc.
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