26th Mar 2009 07:30
26 March 2009
Commoditrade Inc.
("Commoditrade" or "the Company")
AMCO Commodities SAM - Regulatory Approval
Commoditrade Inc. (AIM: CMM), the commodities investment group, is pleased to announce that its wholly-owned subsidiary, AMCO Commodities SAM, based in the Principality of Monaco, has today received authorisation from the Ministry of Finance in Monaco to conduct investment business.
Commenting, David Phipps, Chief Executive of Commoditrade, said:
"The approval represents another step in the development of the Group's operations following the recent acquisition of the AMCO business which is also regulated by the FSA in the UK."
Enquiries:
James Harris / Angela Peace
Strand Partners Limited tel: +44(0)20 7409 3494
John Bick, Hansard Group tel: +44(0)20 7245 1100
www.commoditrade.net
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