□ GFXCM has joined in the Sweden Inter-Bank Clearing Union System. Thanks to all the clients, we will give the profit which is made on reduce from an exchange of the main products to all the clients. And the spread of EURUSD & USDJPY will be dropped from 4 spots to 3 spots since 5th, September, 2005.

□ GFX Capital Markets S.A. gets the "A" type license from the Ministry of Commerce & Industry in Republic of Panama, was authorize to engage in services such as: Payment Processing, Factoring, Leasing, Precious Metals Trading, Bill collecting and related services, Foreign Currency Trading, Debit & Credit Cards, Trading in Gold, Silver, Platinum etc.

□ Golden FX Capital Markets Ekonomisk forening has been registered in Stockholm, Sweden, to operate banking & financial & other related services in accordance with the Swedish law (2004:297)