To: Jim Bishop who wrote (15068 ) 11/24/1999 11:57:00 AM From: john Respond to of 150070
Company: Tropika International Ltd. Symbol: TPIL Exchange: CDN 52 Week Low-High: $0.03 - 2.00 Current Price: $0.36 ********************************************************* WWW.RCSECURITIES.COM: First On The Net, Tropika Subsidiary Launches Off-Shore, Online Brokerage TORONTO--(BUSINESS WIRE)--Nov. 23, 1999--John Ashbee, Chairman and CEO of Tropika International Limited (CANADIAN DEALING NETWORK:TPIL.), today announced that Tropika's wholly owned subsidiary, RC Securities, launched its new online, off-shore brokerage service, operating throughout the Caribbean. RC Securities' interactive, e-commerce Web site, www.rcsecurities.com <http://www.rcsecurities.com>, is a unique brokerage service offering real-time, single-transaction trading of international securities. RC Securities is already in the process of pre-screening and pre-authorizing a number of International Business Corporations (IBCs), who will be using the service. "Things just got easier for off-shore investors, our primary market, who have reacted enthusiastically to the site and to the range of services we offer," said David Putnam, Chairman of RCS. "Traditionally, trading in off-shore accounts has been laborious, complicated, and slow. The objective of RC Securities is to facilitate online trading for IBCs and off-shore Trusts from anywhere in the world, on the major stock exchanges of the world, on a 24-hour, fully confidential basis. RCS's services are a first in a market that is worth an estimated US$7 trillion." RC Securities recently participated in Shorex '99, the premier international offshore tax planning and financial services exhibition and conference, held in Toronto. With over 50 corporate displays, and sponsors including Smith Lyons and Barclays, the exhibition introduced RC Securities to a large group of offshore investors. RCS' site was opened for business after successfully completing rigorous beta testing and scrutiny and feedback from the public, who were allowed to browse the site over the last month. All support elements are in place, including a fully trained staff in and a customer support call centre. RC Securities will start with North American markets and roll-out real-time international markets in the coming months to ensure operational efficiency in each of the global markets. The addition of offshore mutual funds and real-time stock quotes should be available in the near future. Involved exclusively with the Internet, Tropika International Limited identifies and develops breakthrough business opportunities that have the potential to be best-of-class in the e-commerce environment. Tropika applies its resources in IT, finance, and marketing in order to create and build value. Note: Tropika and its management team acknowledge the need for software initiatives to be Year 2000 compliant and have an active policy in that regard. CONTACT: Tropika International Limited, Corporate Information, www.tropika.com <http://www.tropika.com> 416/674-1365; info@tropika.com <mailto:info@tropika.com> The Investor Relations Group, Investor Relations, 1-800-444-9214 Ciris International, Shareholder Relations, www.cirisint.com <http://www.cirisint.com>, 416/368-8770 robins@cirisint.com <mailto:robins@cirisint.com>