MIAMI, Dec. 9, 2010 (GLOBE NEWSWIRE) -- Southern Trust Securities Holding Corporation ("STSHC" or the "Corporation"), a publicly-traded holding company (OTCBB:SOHL) with subsidiaries offering brokerage, investment banking, investment advisory, wealth management services and metals trading, announced today that its new and existing clients continue to have a strong interest in precious metals investments.
Specifically, in the past 30 days, our metals business has taken in over $4 million in new and existing client funds solely for precious metals investments. This is a marked increase from the prior month's $1.6 million investment. The investments have been primarily in gold bullion, silver and palladium.
STSHC's CEO Robert Escobio commented: "We continue to show month to month growth in client's investments in precious metals. We are very excited about the new opportunities in our metals business which is becoming an important part of our company's consolidated growth plan."
About Southern Trust Securities Holding Corp.
STSHC is a holding company offering securities brokerage, investment banking, asset management and private wealth management for a growing base of retail and institutional, corporate, and high-net-worth clients primarily in Latin America and Europe, through its subsidiaries. STSHC services include access to international investment opportunities in the U.S. and foreign capital markets, offshore entities for financial planning, and cross-border transactions, including private placements, bridge financing and reverse mergers into publicly-traded shell corporations. STSHC operates through its subsidiaries, Southern Trust Securities, Inc. (STS), Southern Trust Securities Asset Management, Inc. (STSAM), Southern Trust Metals, Inc. (STM) and affiliated Geneva-based International Private Wealth Management S.A. (IPWM). STS is a member of the Securities Investors Protection Corporation (SIPC), National Futures Association (NFA), and Financial Industry Regulatory Authority (FINRA). STS clears trades through, including precious metals, and maintains client accounts with, Pershing LLC, a wholly owned subsidiary of The Bank of New York Mellon Co.
Forward - Looking Statements
This press release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect the Corporation's current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this press release. Except as otherwise required by federal securities laws, the Corporation undertakes no obligation to update or revise these forward-looking statements.
CONTACT: Southern Trust Securities Holding Corp. Robert Escobio, Chief Executive Officer 305-446-4800
