GLX Announces the Addition of Industry Veterans John Forte and Anthony Morrone in Key Management Roles

THU, NOV 7, 2019 / PALM BEACH, FL / GLXWIREGLX.com, a global capital market news data portal and ground-breaking financial networking platform, today announced the addition of John P. Forte and Anthony Morrone to its executive management team to support the company’s strategic development and expansion plans. Both men will serve as Directors of the firm.

“I am excited to welcome John and Anthony to the team. Their wealth of experience and relationships are integral to not only the continued development of the GLX platform, but also the execution of GLX’s aggressive growth plans.” said Ronald Russo, GLX’s Founder & CEO

John Forte brings more than 20 years of experience in the financial services industry to GLX, where he has held key roles in trade execution, investment banking, prime brokerage & strategic advisory.

John began his Wall Street career in 1998, on the trade desk at Instinet Corp., specializing in electronic trading systems & risk management for the active trading and hedge fund communities. In 2007, continuing his focus on the growing hedge fund industry, John joined Saratoga Capital as Director of Prime Service Operations, where he oversaw all aspects of the Prime Services Division, including trade execution, program trading & risk management. With a growing institutional client-base for his execution services, John moved into investment banking and started raising capital for startup and emerging growth companies. During this time, he assumed positions such as Vice President of Institutional Equities, Senior Vice President of Institutional Sales Trading & Managing Director of Institutional Trade Execution for various regional broker dealers. In 2013, John became Senior Vice President at Newport Coast Securities, where he quickly became a top producer and led the firm in revenue production two years in a row. John has facilitated hundreds of PIPE transactions, resulting in over $150 million in funding for various small & micro-cap companies. In 2017, John began providing strategic consulting services to startups and emerging growth companies.

John graduated from St. John’s University in Queens, NY in 1999 with a Bachelor of Science in Marketing from The Peter J. Tobin College of Business. He resides in Rumson, NJ with his wife and 2 daughters.

Anthony Morrone brings more than 34 years of experience in technology and financial services to GLX. A successful entrepreneur, Anthony has founded several successful technology companies focused on the financial services industry.

The early part of his career, Anthony worked in IT as a Technology Specialist and Network Engineer for multiple brokerage firms. After 10 years of employment with many Fortune 500 financial firms, created, founded and established Atlas Communications Technology, Inc. in 1997, focused on the Business part of the company from Sales, Services, Operations, and all business transaction and focus on Growth and new cutting-edge technology offerings. Anthony was Founder and President of Atlas Communications Technology, Inc. (ACT) from 1997 – 2015, an Engineering and IT consulting company. In 2010, Anthony was Co-founder and President of Atlas Smart Information Management Service, LLC (ASIMS), a company focused on managed services technology, geared to supporting Session Border Controller Management and Engineering Services. Both companies serviced multiple Fortune 500 companies, such as ATT, HP, Merrill Lynch, BofA, UBS, Aviva USA, JPMC, Citibank, Cisco among many others. Anthony’s technological & operational skills were instrumental in growing Atlas into a multimillion-dollar global company with over 100 plus employees with Global footprint in Hong Kong, India, Singapore and the UK. Anthony focused daily on the business operations, Sales, Marketing and worked in developing new Technology and direction of the overall management of both businesses (ACT and ASIMS) within the US and Overseas.

Anthony sold Atlas Communications Technology, Inc. and Atlas Smart Information Management Services, LLC in November 2015 and has since founded Techconic Corporation, a company focused on blockchain technology, trading technology and other leading-edge solutions.

About GLX – Global Listing Exchange™

GLX.com is a Capital Market Directory & Social Finance Network. Our mission is to make the world’s capital markets more transparent, open, and connected. The destination is a global capital market news data portal and ground-breaking financial networking platform.

Contact: The GLX-Editor’s Desk | +1 855 GLX INTL | editor@GLX.com | GLX.com

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Disclaimer: Regulation S is a “safe harbor” that defines when an offering of securities is deemed to be executed in another country and therefore not be subject to the registration requirement under section 5 of the 1933 Act. This announcement may contain certain “forward-looking” statements and information relating to GLX that is based on the beliefs of GLX’s management, as well as assumptions made by, and information currently available, to GLX’s management. This announcement does not constitute an offer or solicitation to sell securities in GLX, Inc., the GLX platform, or any related or associated company.

GLX.COM OPENS SECURITY TOKEN OFFERING UNDER REG S

TUE, MAR 12, 2019 / PALM BEACH, FL / GLXWIRE – Today GLX announced that we have launched our Security Token Offering (STO) for non-U.S. investors under Regulation S.

“After a significant amount of testing, trial and error we have made the STO contract live for the XX tokens which we created on the Polymath platform.”, said Ronald Russo, GLX’s Founder & CEO

About GLX Class A Common Equity Tokens (XX)

GLX has created a series of security tokens on the Polymath.Network representing class A common voting equity ownership in GLX, Inc. The XX tokens are available to non-U.S. investors under Regulation S and are issued on the Ethereum blockchain using the Polymath ST20 compliance standard.

The token price is fixed at 700 XX per 1 ETH (approximately $0.20 per-token USD). There is a hard cap of 6 million XX tokens; 5 million are available for sale and 1 million are available for bounties and bonuses.

The XX token contract can be viewed at:

The XX STO contract can be viewed at:

To get whitelisted and buy tokens non-U.S. investors must sign up at GLX.com and email your ETH wallet address to x@glx.com to begin GLX’s KYC / AML / CTF process.

About GLX – Global Listing Exchange™

GLX is a blockchain-powered Capital Market Directory & Social Finance Network. The destination is a global capital market news data portal and ground-breaking financial networking platform.

Contact: The GLX-Editor’s Desk | +1 855 GLX INTL | editor@GLX.com | GLX.com

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Disclaimer: Regulation S is a “safe harbor” that defines when an offering of securities is deemed to be executed in another country and therefore not be subject to the registration requirement under section 5 of the 1933 Act. This announcement may contain certain “forward-looking” statements and information relating to GLX that is based on the beliefs of GLX’s management, as well as assumptions made by, and information currently available, to GLX’s management. This announcement does not constitute an offer or solicitation to sell securities in GLX, Inc., the GLX platform, or any related or associated company.

GLX.COM PRODUCT ROADMAP & RELEASE PLAN UPDATE

WED, MAR 6, 2019 / PALM BEACH, FL / GLXWIRE – Today GLX would like to announce that we have broken down our online Milestones & Roadmap into four separate web pages:

Ronald Russo, GLX’s Founder & CEO, stated, “As we get ready to become a reporting issuer with the U.S. SEC and a publicly traded company we have become very focused on transparency, accountability, and corporate governance. With that in mind we are publicly tracking our past milestones and accomplishments as well as our roadmap and future aspirations.”

Our newly updated milestones and roadmap is broken down annually and quarterly similar to financial accounting reporting standards in the United States. On separate web pages we are tracking our past accomplishments, the status of our progress, and the evolution of the GLX platform.

By visiting the roadmap you will learn more about the products and services that we are developing and when we expect to launch them.

About GLX – Global Listing Exchange™

GLX is a blockchain-powered Capital Market Directory & Social Finance Network. The destination is a global capital market news data portal and ground-breaking financial networking platform.

Contact: The GLX-Editor’s Desk | +1 855 GLX INTL | editor@GLX.com | GLX.com

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Disclaimer: This announcement may contain certain “forward-looking” statements and information relating to GLX that is based on the beliefs of GLX’s management, as well as assumptions made by, and information currently available, to GLX’s management. This announcement does not constitute an offer or solicitation to sell securities in GLX, Inc., the GLX platform, or any related or associated company.

Crypto Carnage

I hope everyone is enjoying the new year. I wanted to do an update about a week ago on the state of progress at GLX. In preparation I have been spending a lot of time thinking about a recent article in Bloomberg Business snidely titled “How’s That ICO Working Out?”. As you can probably guess the article points out some of the outrageous carnage from the crypto chaos of 2018.

If your following the industry you are probable seeing the headlines:

During a recent interview Michael Novogratz most accurately characterized Bitcoin’s enormous growth in late 2017, which peaked at $20,000 per coin, “a drug.” He called the period a “speculative mania,” adding that the “audience is more sober now – the drug is gone.” Certainly the results of blockchain and fintech startup companies would seem like a group being run by people on drugs. The Bloomberg article pointed out the current results of some of the highest flying deals in the industry:

EOS
Funds raised: $4.2 B
Return: -60%
Remaining crypto wallet balance: $0*

Telegram
Funds raised: $1.7 B
Return: Token not available yet
Remaining crypto wallet balance: Unknown

Petro
Funds raised: $735 M
Return: Token not listed on independent exchanges
Remaining crypto wallet balance: Unknown

TaTaTu
Funds raised: $575 M
Return: -94%
Remaining crypto wallet balance: Unknown

Dragon
Funds raised: $420m
Return: -98%
Remaining crypto wallet balance: $0

High technology is extremely difficult to develop successfully. Case in point – Homeland Security Cancels ‘Virtual Fence’ After $1 Billion Is Spent:

“The U.S. Department of Homeland Security canceled a project to build a technology-based “virtual fence” across the Southwest border, saying that the effort – on which $1 billion has already been spent – was ineffective and too costly.”

How did GLX fare?

Despite getting caught up in the chaos I am here to say that GLX remained totally sober while the party was going on. After what seemed like endless legal research and contemplation we decided to pull our ICO plans and stay clear of any regulatory scrutiny. We did not raise a fraction of a fraction of the capital of what many of these other projects did but we experienced our best year of progress in terms of our software development. The progress that GLX has made with very little resources is truly remarkable.