KIEV, Ukraine, Feb. 24, 2015 (GLOBE NEWSWIRE) -- Forex International Trading Corp. (OTCQB:FXIT) ("Forex") has changed its name to Gopher Protocol Inc. In addition, Forex has effected a reverse stock split of its outstanding and authorized shares of common stock at a ratio of 1 for 1,000 as part of its effort to improve its capitalization structure.
The Reverse Stock Split will be implemented by FINRA on February 24, 2015. Our symbol on the OTCQB will be FXITD for 20 business days from February 24, 2015. Our symbol will then be changed to GOPH to reflect our new name.
"We are pleased to announce these significant changes as we continue to make solid progress in positioning the Company for growth and, concurrently, improving the capitalization structure of the Company and enabling all firms to clear and inventory our stock," said Igwekali Reginald Emmanuel, CEO/Chairman of Gopher Protocol Inc.
About Gopher Protocol Inc.:
Gopher Protocol Inc. (Formerly known as Forex International Trading Corp.) was incorporated in 2009 in Nevada and is headquartered in Kiev, Ukraine. The Company's principal business activities have been to engage in foreign currency market trading for non-US resident professionals and retail clients over its web-based trading systems. While these trading operations have been closed, the Company continues to operate in the consulting segment of the foreign currency market, leveraging its contacts and knowledge, and its consulting expertise in the area of foreign exchange. In addition, the Company is analyzing investments in joint ventures and is selectively pursuing acquisitions in the areas of financial services and technology.
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 (www.sec.gov/" rel="nofollow">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.