Amendment to press release
Stockholm, 2012-11-23 11:20 CET (GLOBE NEWSWIRE) --
TrustBuddy International AB (publ) notified on 21 November 2012 that its subsidiary, TrustBuddy AB (jointly "TrustBuddy" or the "Company"), is in the process of applying for a license with the Swedish Financial Supervisory Authority (the "SFSA") to become a Credit Market Institution (Sw: kreditmarknadsbolag).
The Company now wishes to clarify that the discussions the Company has had with the SFSA and that were mentioned the press release on 21 November 2012 are not be understood as that the SFSA has made any resolution at this time to approve the Company for a license to conduct business as a Credit Market Institution, which will instead be resolved within the ongoing application process. The time schedule provided in the press release on 21 November 2012 in respect of the application process is still unchanged. This clarification is motivated by questions that have arisen with respect to the Company's contacts with the SFSA.
For additional information, please contact:
Jens Glasø, CEO, TrustBuddy International AB (publ)
+47 40 40 47 50, firstname.lastname@example.org
About TrustBuddy International AB (publ)
TrustBuddy International AB (publ) is one of the first in the world to focus on arranging loans and capital provision between buddies in Scandinavia in an organised manner. The company is listed at NASDAQ OMX First North in Stockholm. Mangold Fondkommission AB is TrustBuddy International AB (publ):s Certified Adviser and market maker, contact number: +46 8-503 015 50.