NEW YORK, Jan. 5, 2012 /PRNewswire/ -- Bonds.com Group, Inc. (OTC.BB: BDCG, "Bonds.com") announced today that Michael Gooch, Chairman and Chief Executive Officer of GFI Group Inc. (NYSE: GFIG), has been named to the firm's Board of Directors. This is the second strategic recent announcement regarding Board composition, adding to the appointments of Mr. Michel Daher and Mr. Henri J. Chaoul to the Board.
Mr. Gooch is a leading innovator in the global financial services industry. He founded GFI Group Inc. in 1987 and has been GFI's Chairman and Chief Executive Officer since its inception. Prior to GFI, Mr. Gooch worked for Citibank, Refco Group, Bierbaum Martin, Harlow Meyer Savage and Tullet & Tokyo Forex. He is the President and majority shareholder of Jersey Partners, the largest shareholder of GFI.
Bonds.com's wholly-owned subsidiary Bonds.com, Inc. ("BCI"), a FINRA registered Broker Dealer and ATS, offers access to live liquidity and execution through its web based electronic BondsPRO platform. BondsPRO provides professional traders over 70,000 thousand live prices (with 65 million price updates daily) on 10 thousand different issues from over 300 contributing counterparties. BondsPRO posts live, anonymous, and executable orders on a single bond or list basis, and permits price negotiation. Its all-to-all connectivity allows supply to meet demand, thereby increasing efficiency and reducing spread. BCI is a neutral counterparty to all trades, acting as a riskless principal.
Michael Gooch, Chairman and CEO of GFI Group Inc said: "By leveraging its electronic platform, Bonds.com meets the long-standing need of professional fixed income traders for an efficient way to trade. The Board is focused on providing strategic direction for the growth of Bonds.com across regions and instruments, with the goal of increasing valuation, revenues, and profits."George O'Krepkie, President of Bonds.com said: "Today marks another significant milestone in the growth of Bonds.com. Michael Gooch's expertise and experience, together with the strategic insight and guidance of our Board overall, will be critical in building our franchise worldwide. Major industry players, who have built global enterprises, are now members of our Board. They recognize the importance of what we do each day for the fixed income markets. Backed by the confidence they have shown in our firm, we will execute on important initiatives in 2012." Forward-Looking Statements The statements made in this press release which are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include, without limitation, statements regarding our ability to expand and grow the company, our ability to operate competitively and pursue growth objectives, our future performance and management's ability to anticipate industry developments. Such forward-looking statements may be prefaced by words such as "anticipate", "expect", "believe" and words with similar meanings. As a result of a number of factors, actual results could differ materially from those set forth in the forward-looking statements. Certain factors that might cause our actual results to differ materially from those in the forward-looking statements include, without limitation, general economic conditions and the risks set forth in our Annual Report on Form 10-K for the year ended December 31, 2010 and in our other filings with the U.S. Securities and Exchange Commission from time to time. The company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. Bonds.com, Inc. – Member FINRA/SIPC/MSRB