10.01.2008
SYCAP Group AB (publ) launches iFlexCash
(www.iflexcash.com) which is an online service for conducting
currency exchange and international payments online.
SYCAP Group AB (publ) ("SYCAP"), the financial software and online
financial services company, enters through iFlexCash a market by
the size of several hundred billion dollars per year. iFlexCash
offers cost effective and transparent solutions for currency
exchange and the possibility to exchange in real time. iFlexCash
delivers some of the best exchange rates in the industry.
"We are very pleased that we can offer this service that makes the
currency exchange process easier and saves money for companies and
individuals. Currency exchange is the world's largest market and we
see possibilities for improvements and the need for new and simpler
services," said Stefan Willebrand, COO of SYCAP Group AB
(publ).
SYCAP is currently conducting a new share offering which will
supply the company with extra capital in order to expand its
resources in order to act on opportunities that have been presented
to the company.
A memorandum for the share offering can be downloaded at
www.sycapgroup.com.
Notes to Editors:
For further information, please contact: www.sycapgroup.com
John Rowe, Chief Executive Officer Tel. +44 (0)20 8123 1586
Stefan Willebrand, Chief Operating Officer Tel. +46 (0)8 501 64
941
Håkan Swahn, Head of Division iFlexCash Tel. +46 (0)8 402 54
64
Notes to Editors:
SYCAP Group AB (publ) is an online financial software and services
company. The main business is to develop and license software for
the financial community as well as operating a number of financial
services.
SYCAP Group (publ) is involved in the fastest growing segment of
the financial sector. SYCAP develops complete solutions for trading
CFD, Financial Spread Betting and Foreign Exchange. SYCAP has
developed solutions for charting the financial markets on the
Internet together with automated trading systems. SYCAP offers
currency exchange online as one of Sweden's first currency brokers
on the Internet.
SYCAP Group AB (publ), Rådhusgatan 2, 541 30 SKÖVDE, SWEDEN, Org.
nr. 556697-8069