Archive for December, 2006

Tradency BVI has introduced new platform for Forex trading system

Thursday, December 28th, 2006

Tradency BVI has announced subscription free Forex trading system signals on its currency trading platform. Subscription free Forex trading system signals are an innovation that enables investors to build and test an FX portfolio, using real trade history. The platform allows the FX trader to trade from a broad range of systems of strategies in one portfolio, choosing the best performing currency pairs from over 50 systems available.

Trading Platform allows traders to define, test and analyze signals within a self-directed individual Forex trading system trading account. The platform offers many benefits to traders, including the opportunity to diversify risk on their account and thus reduce the risk by not being tied to one trading system.

The cost of traditional FX signal services ranges from $100 to $299 per month, and runs into thousands of dollars per month for the client if trading multiple signal services, even before they placed a trade.

Lior Nabat, the co-founder and CEO of Tradency BVI, has commented: “This is a significant step for our company. The new arrangement allows FX Traders using our platform to create a portfolio instantly, backtest and apply the signals to their account. This was not previously possible without the client subscribing monthly to multiple services, which has a significant impact on the bottom line of the clients’ account…”

Tradency BVI was formed in August 2005 to assist FX traders worldwide to overcome the dynamic barriers of FX Trading, as well as psychological obstructions.

BVI-based Balkan Investment Group plans name change and raising funds on AIM

Tuesday, December 26th, 2006

Equest Investments Bulgaria Ltd., the company domiciled in the British Virgin Islands and quoted in Dublin, is planning to raise £44 million on AIM, to make investments in the Balkans, Turkey and Ukraine. In connection to this, the BVI company plans to change its name to Equest Investments Balkans, after the fund-raising at £12.10p per share.

The stated purpose of Equest Investments is to pursue long-term capital growth through taking share stakes in the companies that are established or operating in Bulgaria, Romania, Slovenia, Albania, Serbia, Croatia, Montenegro, Ukraine and Turkey.

Nominated adviser and broker to Equest Investments is Collin Stewart. The director of the company is Petri Karjalainen, ex- managing director of  Williams de Broe Bankers, and former head of emerging markets for Dutch finance group ING in London. He is also co-founder and joint managing partner of Equest Managing Partners – a London-based group, which was formed five years ago and has offices in Sofia, Bucharest and Belgrade.

Large-scale pharmaceutical company to receive $30 million financing commitment from BVI-based Azimuth Opportunity Ltd

Monday, December 25th, 2006

Depomed Inc., a specialty pharmaceutical company focusing on drug delivery, has announced on last Tuesday that it received a commitment for up to $30 million in common stock equity financing, from Azimuth Opportunity Ltd. Azimuth Opportunity Ltd. is a private equity firm, which is incorporated in the British Virgin Islands. The advisor of the BVI company is Acqua Capital Management.

The funds are said to be drawn on during the next 24 months, in registered common stock or in discounted sales. John W. Fara, chairman, president and chief executive officer of Depomed Inc., has said in his comments: ‘ The equity line provides us financial flexibility to raise capital if needed in order to maintain a strong balance sheet … This financial commitment is an important resource as we develop a strong pipeline of products’.

As it is said by the company, net proceeds from any sales to the BVI company will be used for clinical trials, research and development, marketing, general and administrative expenses.

Exploration success of TNK-BP: new oil deposits discovered totaling 32 Million tonnes

Friday, December 22nd, 2006

On 29 November the Government of the Tyumen region, Russia, has made an announcement on considering and confirming reserves for seven new oil deposits discovered in the south of the region. Five of these new deposits, totaling about 32 million tonnes, were discovered at the licence sites belonging to TNK-BP  Group, one of the largest oil and gas industry companies operating globally and based in the British Virgin Islands. The company has recently signed co-operation agreement with Russian Federal Agency.

Aggregate oil resources in the south of Tyumen now exceed 1 billion tonnes; the 1 billionth tonne of crude oil in the region was discovered by the subsidiary of TNK-BP, which is generally the major investor in Tyumen’s oil and gas industry.

Robert Dudley, the President and CEO of TNK-BP Group, has commented: “It is pleasing to have tangible exploration success … for our company these discoveries will help our ongoing transition from being a predominantly brown field producer”.

The state committee approved calculations of oil in place for two other deposits in the south Tyumen region, which enables TNK-BP to start their development.

TNK-BP was announced the winner in the “Fuel and Energy Complex” nomination during the official Awards Ceremony for the “Company of the Year 2006” National Prize in the field of business, which took place on 28 November 2006. ”Victory in the “Company of the Year” awards is evidence of the high assessment of the quality of our work in such a technological and resource-rich sector as the fuel and energy complex,’  stated TNK-BP Vice-President Vladimir Ruga.