FOR IMMEDIATE RELEASE:
Online Trading Academy and Intertrade Capital Group close $1.5 Million Marketing and Asset Management Agreement
Irvine, CA, March 30, 2002. Online Trading Academy and Intertrade Capital Group announced today the formation of a strategic alliance that brings together a team of asset management, financial, and marketing specialists with media professionals and the sophisticated and creative group of talent that developed Online Trading Academy, a California based stock trading training academy and stock trading courseware company.
Under the agreement signed yesterday, Intertrade has committed to purchase $1.5 million in Trading Academy's products and services for its clients, which agreement provides Trading Academy with cash, cash equivalent purchase credit, advertising, and marketing expertise as well as promotional and co-branding programs and introductions to Intertrade’s corporate clients and alliances.
Bruce Kamm, managing director of Intertrade Capital Group said that "he is excited about the Intertrade / Trading Academy partnership. Intertrade’s global business reach and alliance partners will provide Trading Academy with the ability to tap into Intertrade's marketing resources to reach new clients that will welcome the introduction to Trading Academy's training programs, technology and initiatives. Trading Academy's plans to provide stock trading training and programs to broker dealer firms and the general public will now be significantly enhanced through Intertrade’s marketing initiatives. We are firmly committed to expanding Trading Academy’s access to quality clients!”
John Odonnell, CEO of Online Trading Academy said that “as the world's largest educators for the direct access trading skills development with offices in New York City and Irvine, California and with global reach in Canada, France, Russia, we look forward to working with Intertrade Capital Group to develop new global markets and alliances for our trading skills development courses.”
Intertrade already has clients and broker dealers interested in offering Trading Academy training programs. The added value to Intertrade’s clients will be the ability to use the training programs as incentives and for branded and co-op marketing opportunities.
Online Trading Academy (OTA) and its predecessor company has been educating individuals in the art of day trading since June 1997. As the leading trading school in the world, OTA offers state-of-the-art teaching facilities and professional instruction. Their training programs are geared toward individual investors, novice or experienced who want to learn how to use the same tools and professional trading techniques as the professional traders on Wall Street. OTA branded education solutions include: CD-ROM, manuals, video, one to seven day live trading in classrooms, and professional mentoring with top direct access ECN traders, and e-newsletter support.
Intertrade Capital Group provides creative financing and innovative marketing programs and expands business opportunities and profit potential for many of America’s leading corporations. Intertrade also provides asset management and fulfillment services, alternative capital, intellectual assets and transactional capabilities to Fortune 1000 companies and governments delivering liquidity and enhanced profitability to domestic and global companies.