Eurowire Clearing Corporation to Establish Dubai Presence

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The data processing and operations center of Eurowire Clearing Corporation will be relocated to Dubai, United Arab Emirates announced the new shareholders on October 5, 2009.

Eurowire Holdings Inc (British Virgin Islands) was acquired by JGT Holdings Ltd of the Seychelles (JGT) backed by a group of prominent Mexican investors and financiers on September 11, 2009. The group made the offer to acquire 100% of the shares of Eurowire Holdings Ltd after two years of using the Eurowire payment processing platform as institutional clients. JGT acquired the goodwill, banking infrastructure, software systems, internet domains and registered trademarks from Eurowire as well as the groups' subsidiaries, Eurowire Clearing Corporation (Cayman Islands - BIC EUCIKYK1), Eurowire Clearing Corporation (British Virgin Islands-BIC EUCTVGV1) and Eurowire Clearing Corporation (Nevis-BIC EULOKNS1) acting Trustee of the Eurowire Cash Management Trust (Nevis - BIC ECMTKNS1 ).

Eurowire data processing and customer service will continue to be provided by outsourcing partner Eurowire Data Inc (Panama) until October 30, 2009. After this date such services will be provided by outsourcing partners associated with the new ownership structure through their upcoming Dubai (United Arab Emirates) location.


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Michael Magnusson
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