Forex International Trading Corp. Announces Second Quarter 2011 Results and Conference Call to Discuss Financials and Business Outlook

NEW YORK, Aug 22, 2011 (BUSINESS WIRE) -- Forex International Trading Corp. (the "Company") /quotes/zigman/601646 FXIT +21.74% , reported its second quarter 2011 financial results for the three and six months ended June 30, 2011. Total revenues for the three months ended June 30, 2011 were $3.93 million and for the six months ended June 30, 2011, $7.12 million. Net income for the three months ended June 30, 2011 was $264,416 and for the six months ended June 30, 2011 a loss of $163,348.

"We are very pleased with the results of the first six months of the fiscal period. The subsidiary unit continues to grow and experience multi-digit, year-to-year growth in trading volume and customer deposits and we believe that they are on track to do between $12 and $14 million in revenue for the whole year," stated President and CEO, Darren Dunckel.

The Company will also host a conference call to discuss its second quarter financials for fiscal 2011, as well as the Company's business outlook for the remainder of the year. The call will take place after the close of the market on Tuesday August 30, 2011 at 4:15 p.m. (EDT) and will be open to all shareholders and interested parties. To submit a question to be answered during the call, please send all questions to Darren@4xint.com. In addition, participants will be allowed to ask questions on the call as well.