Dec 2011 Financial News

Supreme Ventures Limited Press Release - Supreme Ventures to Surrender Cambio

Dec 29, 2011

SUPREME VENTURES TO SURRENDER CAMBIO LICENSE

SUPREME VENTURES LIMITED (SVL), HAS ANNOUNCED ITS INTENTION TO VOLUNTARILY SURRENDER THE LICENSE TO CONDUCT CAMBIO OPERATIONS, THROUGH ITS SUBSIDIARY COMPANY SUPREME VENTURES FINANCIAL SERVICES LIMITED. THE COMPANY INTENDS TO CEASE TRADING AT THE END OF OPERATIONS ON DECEMBER 28, 2011.
THE FINANCIAL SERVICES SUBSIDIARY CURRENTLY TRADES IN FOREIGN CURRENCY OUT OF ITS CORPORATE OFFICE AT THE CITIGROUP BUILDING IN NEW KINGSTON AND REGIONAL 0FFICES IN KINGSTON, SPANISH TOWN, MAY PEN, SAVANNA-LA-MAR AND MONTEGO BAY.

SVL HAS ADVISED THAT ITS REGIONAL OFFICES WILL FOCUS ON THE CORE BUSINESS OF GAMING AND CONDUCT MONEYGRAM REMITTANCE SERVICES THROUGH THE LASCO FINANCIAL SERVICES NETWORK.
THE COMPANY SIGNED THE AGREEMENT WITH LASCO FINANCIAL SERVICES LIMITED ON NOVEMBER 23, 2011.


Source:
The Trinidad and Tobago Stock Exchange
Wednesday December 28, 2011