Global Profit Technologies, Inc.

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Global Profit Technologies Inc. Announces Expansion of Broker Network for the 4X-DAT™ Software

Sep 09, 2014

OTC Disclosure & News Service

- Global Profit Technologies Inc. Announces Expansion of Broker Network for the 4X-DAT™ Software

Global Profit Technologies Inc. Announces Expansion of Broker Network for the 4X-DAT™ Software

PR Newswire

SCOTTSDALE, Ariz., Sept. 9, 2014 /PRNewswire/ -- Global Profit Technologies, Inc., a publicly traded company (OTC Markets: GLPT), announced today that after implementing necessary processes and disclosures to meet various regulatory compliance requirements, the company has successfully integrated its automated forex trading software 4X-DAT™ with one of the world's premier forex online brokers, thereby expanding its list of broker options for its growing number of software clients.

Global Profit Technologies, Inc. released 4X-DAT™, a proprietary fully automated forex trading platform, to the general public in December of 2013.  While the company has gained most of its clientele in the U.S., there has been increasing interest in the Company's automated forex trading solution from traders outside of the U.S., particularly in several fast growing forex markets not supported by the Company's previous service provider arrangements.

"Completing this process represents a monumental step forward for us, allowing us to provide our clients an opportunity to utilize brokerage services of one of the most respected retail forex brokers in the industry.  The Agreement gives us the ability to expand our business into a number of international markets, which up until now were not served by our existing partner broker," says Joseph Nemeth, GLPT's CEO and Chief Software Architect. "the ability to offer a high quality brokerage option with impeccable service is exactly what our clients demand and expect," adds Nemeth.

The management of Global Profit Technologies, Inc. believes that this new brokerage option for 4X-DAT™ users will open doors to new markets in countries where interest in Forex trading is growing rapidly, and will allow the Company to better serve its existing clients by offering more choices.  Mr. Nemeth further points out, "The ability to integrate our software with a brokerage trading platform that is widely used internationally, will give our clients more choices for FX brokerage services, which we believe will help us accelerate our domestic and international growth."

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Cautionary Note Regarding Forward-Looking Statements

Statements included in this release may constitute "forward-looking statements". Actual results may differ materially from those projected in forward-looking statements. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate revenues, if any, due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's various filings with the Securities and Exchange Commission (SEC)

SOURCE Global Profit Technologies, Inc.

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