|By Marketwired .||
|August 15, 2014 04:45 PM EDT||
MIAMI, FL -- (Marketwired) -- 08/15/14 -- Southern Trust Securities, Inc. (STS) (PINKSHEETS: SOHL) and Global Strategic Investments, LLC (GSI) announced a mutual decision to join forces using a more direct alternative and terminate the Branch Agreement process.
STS's Robert Escobio commented, "The regulatory process to implement a Branch Agreement is costly and complex; therefore, we have decided to terminate the interim process with a more efficient alternative."
Orlando Medellin, Chief Executive Officer of GSI, commented, "The alternative being explored will provide an expanded product selection to clients in a shorter time frame while still reducing expenses."
About Southern Trust Securities, Inc. (STS)
STS 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. STS services include access to international investment opportunities in the 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.
About Global Strategic Investments LLC (GSI)
GSI 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.
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 to reflect new events or uncertainties.
Southern Trust Securities, Inc.
Global Strategic Investments, LLC
Chief Executive Officer