3A Finance PLC
3A FINANCE GROUP INTRODUCES ITS INNOVATIVE SOLUTION FOR THE PRIVATE EQUITY MARKET OF AFRICA AND THE MIDDLE EAST
3A Finance PLC / Key word(s): Miscellaneous 3A FINANCE GROUP INTRODUCES ITS INNOVATIVE SOLUTION FOR THE PRIVATE EQUITY MARKET OF AFRICA AND THE MIDDLE EAST LONDON / ZURICH, April 5, 2011 – 3A Finance PLC (the 'Company' or '3A') is pleased to announce that it has completed the development of its MEASSM trading platform and has achieved the Beta version of the Application. 3A has seen the urgent market need for a private equity-trading platform named MEASSM, to allow private companies of Africa and the Middle East to apply for membership and have their private shares traded electronically on the platform. The Company has designed and developed the MEASSM trading platform based on web technologies and has established certain membership rules to be respected by registered members and users of the platform. Entrepreneurs in Africa do not have access to the international capital markets and they are extremely limited in terms of raising capital for their Business undertaken. Venture Capital on the continent is not well developed and commercial Banks do not consider giving unguaranteed loans to Entrepreneurs or companies of the region. The African continent does not offer any possibilities regarding Penny Stock Markets due to unavailability and private companies in the regions do not consider any listings or IPOs at local conventional stock exchanges due to severe financial and administrative burdens. MEASSM is therefore the perfect market for private small and middle size companies looking to raise capital by offering some shares for trading on the platform. MEASSM offers 3 types of memberships: the Basic, the Junior and the Prime Membership for private small and middle size companies. The entry-level membership fees are 3000 Euros per annum. Private companies willing to trade their shares on the platform must apply for a membership and submit all necessary documents through legal and notary. Private users and investors could register with the platform free of charge and could open their accounts with the 3A Partner European Bank. The trading platform will be soon accessible under: www.3a-meassm.com, after completing all necessary internal testing of the platform. 3A is looking at selling licenses to other emerging regions like South America, Central Asia, India and China. 'There are 29 conventional stock exchanges in Africa, representing 38 nations' capital markets' stated Daniel Bosshard, Chief Executive Officer of 3A Group, he continued: 'Africa does not offer any trading platform for private equities, and I am pleased to offer means through MEASSM for private African companies to trade their shares on the platform. Beside the innovative aspect of the platform, we are offering an economic solution to enhance the growth of private companies and to boost the local economy of the continent'. 'According to our statistics, there are 36 Million small and middle size enterprises in Africa and the Middle East' stated Antonio Galvez, Chief Financial & Controlling Officer of 3A Group', he continued: 'we are reckoning with a huge demand and a positive reaction of the market and we assume that 1% of the total target group, amounting to 360.000 private companies, would consider and be prepared to apply for a membership, we have to be ready to cope with the expected huge demand of the market'.
About 3A Finance PLC The company is intending to follow an aggressive growth scheme and is prepared to acquire strategic candidates to enhance its inorganic growth
Contact: Safe Harbor Statement; under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward- looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. End of Corporate News 05.04.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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