Dorsey Wright & Associates Purchases 19% Stake In Stockezy.com, India's 1st Social Investing And Networking Site
RICHMOND, Va., March 3, 2011 /PRNewswire/ -- Dorsey Wright & Associates (DWA), an independent and privately owned registered investment advisory firm based in Richmond, VA, has purchased 19% of Stockezy.com ( www.stockezy.com), India's first on-line social investing and networking community, which allows its members to find the best Stocks and the best Investors.
Dorsey Wright & Associates is widely regarded as an expert in the area of Point & Figure technical analysis and managing investment portfolios. DWA recognized that India is an untapped marketplace and wanted to educate investors regarding the immense investment opportunities in India. By purchasing a minority stake in Stockezy.com, DWA will be able to use its expertise to educate investors in the United States, as well as around the world, regarding the immense investment opportunities within the Indian marketplace through such investment vehicles as Exchange Traded Funds (ETFs), American Depository Receipts (ADRs), as well as other investment tools.
Tom Dorsey (63), President and Founding Member of DWA said, " India, with over 1.2 billion in population, is the marketplace to watch for global investors and by purchasing a minority stake in Stockezy.com, DWA will be able to expand its customer base as we promote the investment opportunities in the Indian marketplace. India is currently where the United States was 50 years ago regarding its investment prospects. The great strides in technology will enable virtually anyone from around the world to invest in the Indian marketplace."
Tushar Makhija (29), CEO and Co-founder of Stockezy.com said, "We are very excited to benefit from the expertise of Dorsey Wright & Associates and to help educate investors around the globe on the investment opportunities in the Indian Marketplace. DWA has a proven track record of success in the United States and will now be providing the latest technical research reports for the Indian stock markets."Dorsey Wright & Associates ( www.dorseywright.com) was founded in 1987 and is a world leader in supplying technical research services to the financial services industry and individuals. DWA strives to supply the resources, technology and support necessary for a stock broker, money manager or individual investor to become a true craftsman in investing, while maintaining the highest principles and integrity. Stockezy.com was founded in 2008 and is India's first social investing and networking site geared towards individual investors. Created to mimic other on-line "Social Networks," Stockezy.com provides a forum for investors to share their investment ideas in a user-friendly, networking community. Stockezy.com enables investors to rate and research stocks, shares ideas, ask questions and manage their own portfolios. Its main philosophy is that education is power and investors that are better informed invest better. SOURCE Dorsey Wright & Associates
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