eBullion Inc. (OTC Pink: EBML) Partnered with Myanmar Finance Exchange to Launch Foreign Exchange Trading Business
New York, Jan 24, 2017 — eBullion Inc. (EBML) announces its wholly owned subsidiary Man Loong Bullion Company Limited became an official member of Myanmar Finance Exchange.
eBullion’s major revenue is mainly driven by trade commission from facilitating GOLD and Silver futures trading through its online trading platform. To increase the source of revenue, eBullion is partnered with Myanmar Finance Exchange to offer Foreign Exchange Trading Services to individual and corporate clients.
eBullion’s wholly owned subsidiary Man Loong Bullion Company Limited is the first company in Hong Kong received membership of Myanmar Finance Exchange. This membership allows Man Loong Bullion to offer foreign exchange trading services like FOREX.COM and FXCM.COM. Given the rapid growth of FX trading business in China, eBullion believes it can utilize its well-developed business network in China to generate respectable revenue from FX trading business.
Myanmar is opening its financial markets to foreign institutional investors; eBullion also partner with Myanmar Government to facilitate the development of precise metal trading product for Myanmar Finance Exchange. Chairman of eBullion believes Myanmar is a rapid developing country, it is at an early development stage for GOLD and Silver trading products. eBullion’s management team has 40 years of experience in GOLD and Silver investment products; eBullion is committed to work with Myanmar Finance Exchange to launch more trading products for Myanmar financial market.
To learn more about eBullion Inc, visit the company website at http://www.ebulliongroup.com/. Telephone: (+852) 2155-3999
This press release contains forward-looking statements that may involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words “plan”, “target”, “anticipate,” “believe,” “estimate,” “intend” and “expect” and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding eBullion’s strategy, future plans for business development, future expenses and costs, future liquidity and capital resources, and estimates of business profit. All forward-looking statements in this press release are based upon information available to eBullion on the date of the release, and eBullion assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The company’s actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that business development will continue at any specific progress. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company’s 10-K filed with the U.S. Securities Exchange Commission.