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Goldenway Precious Metals Ltd. Announces Acquisition With Cyber Informatix Inc.

2011-11-04 16:50
  • English

HONG KONG--(BUSINESS WIRE)--Goldenway Precious Metals, Inc., an electronic online trading platform provider for purchases and sales of gold and silver in Hong Kong ("Goldenway" or the "Company"), today announced that it has gone public via an acquisition with Cyber Informatix Inc. (OTCBB:CYIX). On September 30, 2011, Goldenway acquired Cyber Informatix Inc. in accordance with a Share Exchange Agreement (the "Exchange"), whereby Goldenway exchanged all of its issued and outstanding capital stock in exchange for 24,587,299 shares of common stock, upon giving effect to a 1-to-0.481752 share reverse split, of which the company is in the process of applying.

Upon effectiveness of the 1-to-0.481752 share reverse split as well as the cancellation of 12,685 shares held by the former majority shareholder of Cyber Informatix Inc., there will be a total of 14,672,865 shares outstanding Also in connection with the share exchange, Cyber Informatix changed its name to Goldenway, Inc. The Company intends to apply for a change of its stock symbol on the Over the Counter Bulletin Board to reflect this amendment.

In connection with the acquisition, our board of directors increased its size from one to six members and appointed Jian Qin Huang, Ricky Wai Lam Lai, Tak Wah Tam, Chi Man Lo, Yousuf Rashed Al Marshoudi, and Sultan Mohamed R. Alshara to fill the vacancies created by such increase and Mr. Bowering's resignation. The appointments will become effective upon the tenth day following our mailing of the Information Statement to our stockholders. In addition, our board of directors appointed Mr. Tang to serve as our Chief Executive Officer, and Yue Yuen Chan to serve as our Chief Financial Officer effective immediately at the closing of the acquisition.

"We are thrilled to complete this transaction and become a public company," said Hao Tang, Goldenway's CEO. "We have achieved significant operational milestones throughout our corporate history, we view becoming a listed public company as a major opportunity to expand Goldenway's operations, access the capital markets and make further inroads into the popular online trading platform in precious metals in China and Hong Kong and beyond. We would also like to thank Worldwide Capital for their advice and support."

"We are delighted to be part of this result that we have delivered for our client, we believe that our client Goldenway can take the company to the next level by diligently executing the current business model in the online trading precious metals market," commented Mr. Baldwin Yung - Managing Partner of Worldwide Capital.

Worldwide Capital (Asia Corporation), Inc. acted as the Company's Exclusive Financial Advisor for this transaction.

About Goldenway Inc.

Through our subsidiary, Goldenway Precious Metals, we provide investors with access to the gold and silver market through our convenient and efficient 24-hour electronic trading platform and telephone transaction system where they can purchase and sell gold and silver in Hong Kong. Through Goldenway Precious Metals, we are a recognized electronic trading member of the Chinese Gold and Silver Exchange Society, or the CGSE, in Hong Kong, and hold a Type A1 License which authorizes us to engage in the electronic trading of Kilo Gold and Loco London Gold and Silver. Our trading platform provides our customers with the best price quotations on gold and silver spot contracts, on a Loco London basis, as well as information updates on the gold and silver market. We also buy gold and silver from our customers on a spot basis.

About Worldwide Capital

Worldwide Capital (Asia Corporation) is a financial advisory, merchant banking and asset management firm which specializes in assisting emerging companies in the Asia Pacific region. Worldwide Capital also offer extensive consulting services, focusing on venture capital and mergers and acquisitions, SME financing, and various stages of financing. Through the experience, expertise and scope of financing operations from our senior officers, Worldwide Capital assists our clients to seize opportunities around the globe and its markets. For additional information about Worldwide Capital, please visit www.wwcap.com

Safe Harbor Statement - This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

 

Contacts

Goldenway Inc.
Mr. Hao Tang, +852 3719-9999
Chief Executive Officer
or
Mr. Yue Yuen Chan, +852 3719-9999
Chief Financial Officer
Info@gwghk.com
or
Worldwide Capital
Mr. Baldwin Yung, +852 3583-3148
baldwin@wwcap.com