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Wall Street Journal-USForex Gains Missouri Licensing, Continuing Rapid Growth in the United States
Monday, 22 April 2013
USForex, one of the world's fastest-growing, technology-driven foreign exchange providers, today announced its continued U.S. expansion with its attainment of licensing in Missouri. Headquartered in San Francisco, USForex is currently licensed in 14 states, along with operations in an additional four states where licensing approval is not required. A wholly-owned subsidiary of OZForex, USForex also operates in North America in conjunction with its Canadian partner, CanadianForex.
USForex is projected to register 25,000 new clients in 2013. With Missouri licensing finalized and 20 additional state expansion plans in the pipeline, USForex's services will soon be available to more than 90 percent of the U.S. population. USForex's service provides operates with a high-tech and high-touch delivery model, offering 24-hour access to corporate and private client dealers for all of its customers.
USForex's services are often used for:
-- Paying employees overseas -- Transferring funds to students studying abroad -- Providing secure foreign exchange for globalized businesses -- Maintaining finances overseas including housing mortgages and rent -- Securely transferring inheritance and personal funds"Licensing in Missouri displays our continued commitment to establish a presence across the U.S. that ensures each individual and business is able to utilize our trading platform," said Michael Ward, CEO, North America and Europe for USForex. "We are experiencing strong customer demand due to our efficient delivery of foreign exchange services at very competitive prices. Our team leverages technology to eliminate unnecessary costs, which our customers greatly appreciate as showcased in the tremendous growth of USForex."
USForex makes foreign exchange simple, secure and easy, with quick set up, transparency and tailored payments solutions. Customers have the ability to make international money transfers from home or anywhere in the world by phone or via USForex's fully secure online platform. Along with California and now Missouri, USForex has secured state approval to operate in Colorado, Delaware, Florida, Georgia, Illinois, Maryland, Michigan, North Carolina, Oregon, Texas, Virginia and Washington. USForex also provides services in New Mexico, Montana, South Carolina and Wisconsin.
For more information on USForex, call 1-888-288-7354 or email info@usforex.com.
About USForex
USForex is a wholly-owned subsidiary of OzForex, a strategic investment of Macquarie Bank, Accel Partners and the Carlyle Group, and original co-founders Matt Gilmour and Gary Lord. USForex is part of the OzForex Group which includes UKForex, CanadianForex, OzForex, NZForex and Tranzfers. Since its launch in 1998 by Matt Gilmour, the Group has grown to be one of the world's largest online foreign exchange companies. The Company's client base includes small and medium-sized importers and exporters, as well as individuals who transfer financial assets, have recurring payments overseas, and those investing abroad. The USForex Board of Directors is made up of executives with significant experience in foreign exchange and the financial markets.
*From http://online.wsj.com/article/PR-CO-20130423-908334.html
