eBullion Inc. (OTC PINK: EBML) Launched New Developed Web Platform for Foreign Exchange Trading Business

NEW YORK, NY / ACCESSWIRE / February 28, 2017 / eBullion’s (OTC PINK: EBML) wholly owned subsidiary, Man Loong Bullion Company Limited, officially launched the web platform for foreign exchange trading business. This newly developed web platform is the first product of a partnership formed between Man Loong Bullion Company Limited and Myanmar Finance Exchange. The co-branded web platform is named, “Myanmar Man Loong Financial Group.”

Web platform URL: http://www.ml-finance.com/index_en.html

The role of eBullion in this partnership is to provide back office support, systems developments, and customer support to the FX trading platform. Myanmar Finance Exchange will take the role of introducing this new developed FX trading platform to all members in the Exchange and enforce regulations to facilitate the development FX Trading in Myanmar.

eBullion believes the partnership will bring strong growth in revenue over the next several years. Based on trade commission income generated from FX Trading, here are the company’s conservative earnings estimates moving forward:

Full year 2017: $1.2 million in revenue, $0.5 million in EBITDA earnings
Full year 2018: $2 million in revenue, $1.4 million in EBITDA earnings
Full year 2019: $3.5 million in revenue, $2.5 million in EBITDA earnings
Full year 2020: $6 million in revenue, $4.5 million in EBITDA earnings

The newly developed foreign exchange trading platform is called, “Silverlight Trader.” Silverlight Trader is a web based platform with most of the trading features found in FOREX.COM and FXCM.COM; it is the latest technology of the FX trading terminal that offers all necessary components to meet the demand of FX traders, from the novice experimenters to sophisticated fund managers. The computer requirements are just Microsoft Silverlight plugin for IE / Firefox browser.

Silverlight Trader also comes with a mobile version called, “Mobile Trader.” It is designed for Android and iPhone mobile devices. Both Silverlight Trader and Mobile Trader are free for our customers to download. Enter the keywords “Man Loong Forex” to search the app in Google Play or Apple store for safe installation into your desktop computer or mobile device.

To learn more about eBullion Inc., visit the company website at http://www.ebulliongroup.com/.
(+852) 2155-3999

investor@ebulliongroup.com

Disclaimer:

This press release contains forward-looking statements that may involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words “plan,” “target,” “anticipate,” “believe,” “estimate,” “intend,” and “expect,” and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding eBullion’s strategy, future plans for business development, future expenses and costs, future liquidity and capital resources, and estimates of business profit. All forward-looking statements in this press release are based upon information available to eBullion on the date of the release, and eBullion assumes no obligation to update any such forward-looking statements. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The company’s actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that business development will continue at any specific progress. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company’s 10-K filed with the U.S. Securities Exchange Commission.

SOURCE: eBullion Inc.

ReleaseID: 455983