Finotec Group Inc (FTGI)

Finotec Group, Incorporated was formed under the laws of Nevada on October 8, 1987, under the name 'Condor West Corporation' for the purpose of implementing an initial distribution of its stock and thereafter to seek operating businesses as candidates for acquisition or other forms of combination. In February, 2002, the Company changed its name to Finotec Group, Inc. It is a public Company which operates as a holding Company. The Company, through its subsidiaries, Finotec Trading Inc. (and such entity's subsidiary, Finotec Trading UK Limited), offers financial market trading to professional and retail clients over its web-based live and real-time proprietary trading system. The Company currently develops, through its subsidiaries, markets and operates a software system delivering foreign exchange, commodities, and futures (CFDs) investment services to the public through the Internet. The Company also operates an Internet-based brokerage firm for institutional, professional and serious active individual traders in the financial instruments markets, especially foreign currency and CFDs. The Company attempts to reach its target customers through advertising campaigns for its products and services in local financial newspapers, articles providing in-depth market commentary on the specific Company products, one-day seminars, events and conventions. The market for online brokerage services is intensely competitive and evolving, and there appears to be consolidation in the industry of online brokerage services, Internet-based real-time market data services, and trading analysis software tools.