PRZOOM - /newswire/ -
Port Elizabeth, Eastern Cape, South Africa, 2011/02/07 - Commodities Online, based in Fort Lauderdale, Florida recently announced the opening of their first office on the African continent.
Commodities Online, Marketing Director, Mr. Tony Diamante said "We are excited and pleased to announce the appointment of Mr. Derrick Z. Venter as the South African branch manager and are looking forward to making a huge impact in South Africa. Derrick has been involved with the company since it's launch in February 2010 and has an outstanding track record in forging lasting and synergistic business relationships that we believe will clearly benefit our vision of a global business entity."
"The exponential growth of the company in the US and South America over the last twelve months has had us looking at expansion into Africa, Asia and Europe as an obvious next step to consolidating our membership service, and of course the very real possibilities of sourcing commodities in South Africa for our clients".
"Derrick is an asset to Commodities Online, an energetic, entrepreneurial and experienced business man, we are delighted that he accepted this appointment to manage and represent Commodities Online South Africa."
Mr. Venter, South African born, whom resided in the US for the past 20 years, brings with him over thirty years of experience in the hospitality, restaurant and Real Estate industries. He has been involved in start up and ownership of 8 businesses in South Africa and the USA.
He said:"I'm excited to be back in South Africa and I feel blessed that I have this wonderful opportunity to participate in, and grow Commodities Online's African presence. South Africa is full of promise and Commodities Online will be a boon for South African investors."
Commodities Online is a private company in the commodities wholesaling business. Commodities Online negotiates purchase contracts with producers of commodities, simultaneously negotiating sales contracts with distributors of those commodities. These contracts are referred to as "pre-sold" or "buy/sell" commodities contracts.
Commodities Online will at times, negotiate joint venture agreements with producers who already have a buyer secured, but need funding for production. These joint venture agreements are functionally equivalent to pre-sold contracts.
For the investor wanting to participate in these opportunities, Commodities Online offers a confidential subscription service through its Website allowing investors to purchase positions in the contracts that have been negotiated.
Participation in these contracts is self-directed by the subscriber and would include commodities such as seafood, sugar, and metal ores. As the subscriber base grows, the variety of physical commodities contracts will expand.
Participating in pre sold physical commodities contracts allows investors the opportunity to earn extremely attractive risk-adjusted returns without having to commit to the relatively substantial capital that is usually required.
Commodities Online shares in the profits of the commodities contracts as described in the Master Subscription Agreement and never charges commissions or brokers fees. In this way, the interests of the investors and Commodities Online are aligned: If the investors do not profit from a particular commodities contract, then neither does Commodities Online.
Commodities Online (commoditiesonline.com) has established relationships with both producers and buyers, these relationships are key to its business model.
Commodities Online will be looking to expand its network of producers and buyers, particularly producers in South Africa seeking new business and export relationships as the business grows.
Commodities Online was created to give the individual investor access to the incredible opportunities in the world of pre sold physical commodities.