Tuesday, June 15, 2010

Continental Airlines Announces New Daily Service From Houston Hub to Lagos, Nigeria

14 Jun 2010 16:06 Africa/Lagos


Continental Airlines Announces New Daily Service From Houston Hub to Lagos, Nigeria

- First daily scheduled service offered between Texas and Africa - New Africa route to be flown with the Boeing 787 Dreamliner - Planned as Continental's first new international service to operate with the new jet - Nonstop flight will reduce travel time between the two cities by over four hours

HOUSTON, June 14 /PRNewswire-FirstCall/ -- Continental Airlines (NYSE: CAL) today announced plans to launch new daily nonstop flights between Houston and Lagos, Nigeria, beginning Nov. 10, 2011, subject to government approval. It will be the first daily scheduled service offered between Texas and Africa by any carrier.


Lagos will be Continental's first destination in Africa and the 30th city in its trans-Atlantic route network. It is the second new international destination announced in the last month that will be served nonstop from Houston, Continental's largest hub. Continental currently serves 63 international destinations nonstop from Houston and recently announced plans to begin nonstop service between Houston and Auckland beginning Nov. 16, 2011, subject to government approval.


With the addition of flights to Africa, Houston will become one of just four cities in the world - and the only city in the Western Hemisphere - to have nonstop service to every inhabited continent on the globe.


"We are excited to continue to expand our international route network from Houston by adding nonstop service to Lagos," said Jeff Smisek, Continental's chairman, president and chief executive officer. "This flight will link two energy capitals and fill the growing demand for nonstop service between the two cities - a route which is currently not served by any other airline."


On May 3, Continental announced that it has agreed to merge with United Airlines in a merger of equals to create the world's leading airline. The success of the Houston-Lagos route will be enhanced by the additional traffic flows through Houston that are expected to result from the merger.


"Houston stands to gain economically from this new direct connection to Africa, particularly in our energy and tourism industries," said Houston Mayor Annise Parker. "It's a win that will help facilitate increased commerce and trade, a direct benefit to the businesses and citizens of both regions."


"It is vitally important to our local economy that Continental continue to expand and add critical destinations like Lagos, Nigeria, for service from Houston's Intercontinental Airport," said Congressman Gene Green. "This new route will also prove important for the growth of our energy industry here in Houston."


"With this new USA-Africa route, Continental is doing more to make the business of international business its business and that's a good thing," said Congressman Al Green.


"This new service will drive the creation of new business connections between Houston and Nigeria, particularly in the energy sector," said Congressman Kevin Brady. "Growth at Houston's Intercontinental airport helps create jobs here at home and bring in dollars to our communities while offering more options for our business travelers."


"As international trade continues to be an increasingly integral part of growing our economy, this improved service by Continental will enhance economic development and create jobs not only for the energy industry, but for all Houston and the state of Texas as a whole," said Texas State Senator Rodney Ellis.


Proposed Schedule


Continental will operate the approximately 6,500-mile flight with a Boeing 787-8 Dreamliner aircraft, seating 36 customers in BusinessFirst and 192 customers in economy class. Flying times will be approximately 11 hours eastbound, and 12 hours 30 minutes westbound. The new flight will reduce travel time between the two cities by over four hours by eliminating any connection en route.


The preliminary schedule for the new service is as follows:

Leave Houston Arrive Lagos Leave Lagos Arrive Houston
9:40 a.m. (next 4:40 p.m.
Winter 3:45 p.m. day) 11:10 a.m. (same day)
------ --------- --------------- ---------- ----------
9:15 a.m. (next 4:40 p.m.
Summer 3:50 p.m. day) 10:45 a.m. (same day)
------ --------- --------------- ---------- ----------


The flight will be timed to provide convenient connections at Continental's Houston hub to more than 100 other cities throughout the U.S., Canada, Latin America and the Pacific. Continental will begin taking reservations and selling tickets on the new route later this year.


About Lagos


Lagos is the economic, commercial and cultural center of Nigeria, the most populous country in Africa. The metropolitan area, an estimated 300 square kilometers located on the Atlantic coast of Africa, is a group of islands endowed with creeks and a lagoon. Lagos is Nigeria's leading port, particularly for imports of consumer goods, foodstuffs, motor vehicles, machinery and industrial raw materials, with more than half of Nigeria's industrial capacity located in Lagos's mainland suburbs.


Continental Background


Continental Airlines is the world's fifth largest airline. Continental, together with Continental Express and Continental Connection, has more than 2,700 daily departures throughout the Americas, Europe and Asia, serving 132 domestic and 137 international destinations. Continental is a member of Star Alliance, which overall offers more than 21,050 daily flights to 1,167 airports in 181 countries through its 27 member airlines. With more than 40,000 employees, Continental has hubs serving New York, Houston, Cleveland and Guam, and together with its regional partners, carries approximately 63 million passengers per year.


Continental consistently earns awards and critical acclaim for both its operation and its corporate culture. For nine consecutive years, FORTUNE magazine has ranked Continental as the top U.S. airline on its "World's Most Admired Companies" airline industry list. For more company information, go to continental.com.


Important Information For Investors And Stockholders


This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. The proposed merger of equals transaction between UAL Corporation ("UAL") and Continental Airlines, Inc. ("Continental") will be submitted to the respective stockholders of UAL and Continental for their consideration. UAL will file with the Securities and Exchange Commission ("SEC") a registration statement on Form S-4 that will include a joint proxy statement of Continental and UAL that also constitutes a prospectus of UAL. UAL and Continental also plan to file other documents with the SEC regarding the proposed transaction. INVESTORS AND SECURITY HOLDERS OF CONTINENTAL ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and stockholders will be able to obtain free copies of the joint proxy statement/prospectus and other documents containing important information about UAL and Continental, once such documents are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov/. Copies of the documents filed with the SEC by UAL will be available free of charge on UAL's website at www.united.com under the tab "Investor Relations" or by contacting UAL's Investor Relations Department at (312) 997-8610. Copies of the documents filed with the SEC by Continental will be available free of charge on Continental's website at www.continental.com under the tab "About Continental" and then under the tab "Investor Relations" or by contacting Continental's Investor Relations Department at (713) 324-5152.


UAL, Continental and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Continental in connection with the proposed transaction. Information about the directors and executive officers of Continental is set forth in its proxy statement for its 2010 annual meeting of stockholders, which was filed with the SEC on April 23, 2010. Information about the directors and executive officers of UAL is set forth in its proxy statement for its 2010 annual meeting of stockholders, which was filed with the SEC on April 30, 2010. These documents can be obtained free of charge from the sources indicated above. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the joint proxy statement/prospectus and other relevant materials to be filed with the SEC when they become available.


Cautionary Statement Regarding Forward-Looking Statements


This communication contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that are not limited to historical facts, but reflect Continental's and UAL's current beliefs, expectations or intentions regarding future events. Words such as "may," "will," "could," "should," "expect," "plan," "project," "intend," "anticipate," "believe," "estimate," "predict," "potential," "pursue," "target," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Continental's and UAL's expectations with respect to the synergies, costs and other anticipated financial impacts of the proposed transaction; future financial and operating results of the combined company; the combined company's plans, objectives, expectations and intentions with respect to future operations and services; approval of the proposed transaction by stockholders and by governmental regulatory authorities; the satisfaction of the closing conditions to the proposed transaction; and the timing of the completion of the proposed transaction.


All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, many of which are generally outside the control of Continental and UAL and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to, (1) the possibility that the proposed transaction is delayed or does not close, including due to the failure to receive required stockholder or regulatory approvals, the taking of governmental action (including the passage of legislation) to block the transaction, or the failure of other closing conditions, and (2) the possibility that the expected synergies will not be realized, or will not be realized within the expected time period, because of, among other things, significant volatility in the cost of aircraft fuel, the high leverage and other significant capital commitments of Continental and UAL, the ability to obtain financing and to refinance the combined company's debt, the ability of Continental and UAL to maintain and utilize their respective net operating losses, the impact of labor relations, global economic conditions, fluctuations in exchange rates, competitive actions taken by other airlines, terrorist attacks, natural disasters, difficulties in integrating the two airlines, the willingness of customers to travel by air, actions taken or conditions imposed by the U.S. and foreign governments or other regulatory matters, excessive taxation, further industry consolidation and changes in airlines alliances, the availability and cost of insurance and public health threats.


UAL and Continental caution that the foregoing list of factors is not exclusive. Additional information concerning these and other risk factors is contained in Continental's and UAL's most recently filed Annual Reports on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other SEC filings. All subsequent written and oral forward-looking statements concerning Continental, UAL, the proposed transaction or other matters and attributable to Continental or UAL or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. Neither Continental nor UAL undertakes any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof.


Source: Continental Airlines

CONTACT: Corporate Communications of Continental Airlines,
+1-713-324-5080, corpcomm@coair.com


Web Site: http://www.continental.com/
http://www.continental.com/company/news



10 Jun 2010
20:04
Progress in Regulatory Reform Expands Business Opportunities throughout Nigeria



Black Radio Network Sues NYPD

15 Jun 2010 02:51 Africa/Lagos


Black Radio Network Sues NYPD


NEW YORK, June 14 /PRNewswire/ -- Black Radio Network (BRN) and its principals today filed suit in New York Federal District Court, charging the New York Police Department violated the minority news service's civil rights by denying the renewal of its working press credentials.


BRN had been fully accredited by the NYPD for the past 40 years while serving radio stations with daily newsfeeds. It is the nation's oldest such minority news service.
"It appears the standard now used by the NYPD to deny the vital press credentials of Black Radio Network differs from the standard applied to non-minority oriented media," declared BRN attorney Earl Ward. "The facts speak for themselves," said Ward.


"We have waited more than a year to have our credentials renewed so that we can cover New York news, in our own style, on a equal footing with other media companies," said BRN president and news director Jay Levy.

"We have held up the worldwide distribution of our daily Minority News report at blackradionetwork.com until such time as we gain the renewal of our working press credentials by the NYPD," said Levy. "In my more than 50 years in the New York news business, I never witnessed such discriminatory treatment by the NYPD," observed the BRN official.


Contact: Earl Ward at 212-763-5070; Jay Levy at 212-686-6850

A FULL COPY OF THE BLACK RADIO NETWORK FEDERAL COMPLAINT AGAINST THE NYPD IS AVAILABLE BY CLICKING HERE


Source: Black Radio Network


CONTACT: Earl Ward, +1-212-763-5070; or Jay Levy, +1-212-686-6850

Web Site: http://www.blackradionetwork.com/

Hot Topics
Employer Healthcare Costs Expected to Rise 9 percent in 2011, According to PricewaterhouseCoopers
Restaurants to Add 428,000 Summer Jobs in 2010, According to National Restaurant Association Projections
Affluent Investor Confidence Declines as Stock Market and Economic Fears Increase
Turner Building Cost Index Shows a 13.16% Decline from Peak in 2008
Garth Brooks Announces New Concert Dates for September, October and November 2010
Commodity Markets Adversely Affected by May Market Uncertainty; Recent Price Weakness May Offer a Favorable Entry Point into the Asset Class
2010 World Cup
Gulf Oil Spill




Monday, June 14, 2010

Please, before you crucify Nigerian Hip-hop Stars and Wannabes


Please, before you crucify Nigerian Hip-hop Stars and Wannabes, look at the brains behind them.
Do not blame the babies swimming in a dirty pool and may even stool in the pool.
Blame their careless guardians or parents who left them in the mess.


The recording studios and DJs should be held responsible for exploiting the naivety and ignorance of majority of these artistes who actually can still improve and excel if well groomed, managed and produced by seasoned musicians and not semi-literate sound engineers and DJs who just want to collect the cash and record any rubbish with mixed and sampled music from keyboards. Then bribe Radio DJs and TV VJs to give them constant rotation and hype them to the public.


Mo' Hits All Stars label spends millions of naira to pay DJs and VJs to hype their artistes. But most of these DJs and VJs are illiterates in music. Their knowledge of music history is even poor. So, they cannot do much for these artistes. They are birds of the same feather.
Most of these artistes will fail performance auditions for High School pupils in the U.S.
Their live performances show their shortcomings when they are not Lip-synching and miming.


The first place for any prospective Pop, R&B, Hip-hop and others is the Artists and Repertoire (A&R) dept of a recording label or company where you must pass through the mill until you are Okayed for recording.
In our days, no "demo", no "deal memo".
But today, the A&R is absent and majority of them do not even know the meaning.

If you cannot play any musical instrument like the guitar or piano, and have not had voice training, then keep away from the recording studio.



U.S. Healthcare System Wastes $700 Billion a Year



"Last year, we published a report concluding that the U.S. healthcare system wastes $700 billion a year," said Bob Kelley, vice president for healthcare analytics at Thomson Reuters and co-author of the paper released today. Read more.





Thomson Reuters Paper Charts Course to Eliminating $3.6 Trillion in Healthcare Waste in a Decade



14 Jun 2010 07:00 Africa/Lagos


Thomson Reuters Paper Charts Course to Eliminating $3.6 Trillion in Healthcare Waste in a Decade

ANN ARBOR, Mich., June 14 /PRNewswire/ -- The U.S. healthcare industry can eliminate $3.6 trillion in healthcare waste over the next 10 years by addressing a series of operational inefficiencies, according to a white paper published today by Thomson Reuters.


The report analyzes the country's leading public and private sector efforts to reduce waste in the healthcare system and identifies five proven strategies that have been deployed in the real world to cut costs and improve patient care.


"Last year, we published a report concluding that the U.S. healthcare system wastes $700 billion a year," said Bob Kelley, vice president for healthcare analytics at Thomson Reuters and co-author of the paper released today. "This new report describes a possible path for significantly reducing that waste."


By systematically incorporating these best practices into the organizational structure of the healthcare industry, the new paper says, it's possible to cut waste 5 percent per year. Over 10 years, that would add up to $3.6 trillion and keep total healthcare expenditures at their current rate of about 17 percent of the nation's gross domestic product (GDP). Among the strategies outlined in the paper are the following:


-- Engage Consumers: By engaging the public in discussions with their
caregivers regarding the value and risk of specific treatment options,
it is possible to dramatically reduce money spent for unnecessary
treatments.

-- Coordinate Care: Healthcare providers lacking access to patients'
medical records leads to the duplication of tests and inappropriate
treatments that are estimated to cost up to $50 billion annually.
Simple incentives have made a significant difference in the
implementation of electronic records in several healthcare systems.

-- Manage Disease and Maintain Wellness: This strategy ensures that
patients are actively engaged, along with their clinicians, in
managing their own health through attention to personal behavior,
disease prevention, early detection and appropriate care for chronic
diseases.

-- Design for Patient Safety and Quality: Preventable medical errors
account for $50 billion to $100 billion in annual healthcare spending.
By implementing a simple checklist approach based on evidence-based
best practices, several healthcare systems have improved patient
outcomes and reduced costs.

-- Reduce Opportunities for Fraud: In 2007, when the U.S. spent roughly
$2.3 trillion on healthcare, fraud was estimated to account for as
much as 5 to 10 percent of healthcare spending, according to a report
published by the George Washington University School of Public Health
and Health Services. Computerized systems that track data anomalies to
identify fraud and breaches in payment integrity have been proven to
stem these costs in several state Medicaid programs.


"We started with a premise that RAND Health researchers put forth in a recent article in the New England Journal of Medicine -- it is reasonable to set a goal of constraining healthcare spending to its current share of the GDP," said Ray Fabius, M.D., chief medical officer at Thomson Reuters and co-author of the white paper. "Then we investigated initiatives that have successfully reduced healthcare costs without sacrificing quality -- real-world examples of what's possible -- and in some cases estimated the savings if they were widely replicated.


"The result, detailed in this paper, is one path for reaching this goal over the next decade."


The study can be downloaded at www.factsforhealthcare.com. (A simple registration is required.)


Thomson Reuters


Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs 55,000 people and operates in over 100 countries. For more information, go to www.thomsonreuters.com.


Source: Thomson Reuters

CONTACT: David Wilkins, Director, Public Relations, Healthcare &
Science, +1-734-913-3397, david.wilkins@thomsonreuters.com


Web Site: http://www.thomsonreuters.com/


Health care reform in the United States - Wikipedia, the free ...
The debate over health care reform in the United States centers on questions about. whether there is a fundamental right to health care, ...en.wikipedia.org/.../Health_care_reform_in_the_United_States -
Health Reform
13 Jun 2010 ... Learn how the Affordable Health Care Act can help increase your health security ... Healthcare Reform & Insurance Companies March 23, 2010 ...www.healthreform.gov/ - 15 hours ago -

News for Healthcare reform
TopNews United Kingdom (blog)

Health care reform hurts many retirees‎ - 22 hours ago
The new 2010 version of health care reform law has left the 28 percent subsidy intact and continued to exempt it from taxation. But companies will no longer ...Republican & Herald - 63 related articles »

Former Health Secretary Highlights Importance of Private Insurance ...‎ -TopNews United Kingdom (blog) - 12 related articles »

Why is $125M Healthcare Reform Law "Sales Pitch" Needed?‎ -AXcess News - 7 related articles »

Health Care Reform News - The New York Times
News about health care reform. Commentary and archival info



Governor Fashola Come To Gbagada and See How Bad the Roads Are

Please, if Governor Babatunde Raji Fashola, SAN, needs to owe to repair the abandoned roads in Gbagada and Gbagada-Ifako areas of Lagos state, he should do so. These roads are the worst in Lagos state. The roads are even worse than the roads in Biafra during the Nigerian civil war. You need armoured vehicles to pass through these dilapidated roads in Gbagada and Gbagada-Ifako. The worst is the road to the Gbagada General Hospital. Even an ambulance could not pass through it.



Friday, June 11, 2010

Ghanaian Actress Juliet Ibrahim Bashes Nollywood

Juliet Ibrahim


Ghanaian Actress Juliet Ibrahim Bashes Nollywood

The most beautiful actress in Ghana Juliet Ibrahim says there are many things wrong in Nollywood.

“Since October 2009, I have decided not to really focus on the Nigerian movie industry because there are a lot of things going on in Nigeria that I don’t even want to talk about, because currently I am in court with a Nigerian producer”, she disclosed to Peace FM Online.

Juliet dissed Nollywood as she sued a Nollywood producer for piracy.

read more



UK Company Wants Sales Representatives in Nigeria

AB Informatics Limited, a United Kingdom registered company, is seeking to recruit high calibre, business oriented individuals as Sales Representatives in Nigeria.

We are introducing our range or products: Maternity Manager, Bed Manager, Electronic Patient Manager, Drug Prescription Manager, Theatre Manager etc into the Nigerian Health sector.

We therefore seek individuals with passion for a change in the healthcare sector to join us in a rewarding job.

As a Sales Representative you will:

--Sell our products in a prescribed manner to hospitals and other members of the health care industry.

--Develop local business plan to increase market share by outlining tactics, activities and resources.

--Demonstrate thorough knowledge of the healthcare sector, competitor products and product objectives.

--Utilize customer-focused selling techniques, continually assessing the knowledge of the customer and strategy to maintain high customer intimacy and customer knowledge of products.

--Maintain current, approved protocol and promotional materials to be included in sales presentation.

--Actively seek and display knowledge of key customers in territory.

--Develop and deliver informative sales presentations based on customer needs.

--Develop creative sales strategies to reach 'hard-to-see' doctors/'hard-to-work' accounts.

--Work collectively with other consultants in arranging speakers, displays and special programs.

--Positively impact sales in territory.

--Be a Team Player


Job Requirements:

--1+ years of relevant outside sales experience

-- Educated

--Strong communication and negotiation skills

--Candidate should have moderate knowledge of the healthcare sector.

-- Be able to work with minimal supervision.


If you fit the above, send your CV to careers@abinformatics.com

For more information, visit, http://www.abinformatics.com


Standard Bank Partners With GAIN Capital to Launch its Standard FX Trader Retail Forex Trading Service

10 Jun 2010 13:30 Africa/Lagos



Standard Bank Partners With GAIN Capital to Launch its Standard FX Trader Retail Forex Trading Service

NEW YORK and JOHANNESBURG, June 10 /PRNewswire/ -- Standard Bank Group Limited ("SBSA"), the largest South African banking group ranked by assets and earnings, and GAIN Capital Holdings, Inc., a leading global provider of online trading services, have partnered to launch a collateralized foreign exchange trading service, Standard FX Trader. Based on GAIN's award-winning retail trading technology, Standard FX Trader marks the first time a broad based retail forex offering will be made available by a South African bank.


Richard de Roos, Director & Head of Foreign Exchange, Global Markets, Standard Bank said:


"For over 140 years Standard Bank has played a key role in the development of the South African economy by providing banking and financial services for the community. We are delighted to be able to work with GAIN Capital to extend our existing suite of electronic forex offerings by providing a new offering to our retail customers - greater access to trade forex, the most liquid and actively traded market in the world."


Glenn Stevens, CEO at GAIN Capital added:


"We are especially pleased to announce our partnership with Standard Bank, which represents GAIN's first white label partnership with a major financial institution in the region. Together, we have brought to market what we feel is an exceptionally compelling offering, combining GAIN's proven trading technology and experience in retail FX with Standard Bank's leading position and expertise in trading in global markets as well as their solid reputation serving clients in South Africa, the African continent and other key emerging markets."


SBSA's offering is designed to offer forex traders in its countries of representation with a differentiating service from a trusted provider. It will provide 24-hour trading in 38 of the world's major currencies as well as spot gold and silver, advanced trading tools, and access to daily and weekly research from a global team of economists and technical analysts. For traders new to the forex market, Standard Bark will host complimentary educational seminars and will have online tutorials and other educational resources available on its new website.


For access to the new service go to: www.standardbank.co.za/standardfxtrader


About Standard Bank Group


Standard Bank Group is a global emerging markets bank with African roots, headquartered in South Africa with a December year-end. Ranked the largest bank in Africa by assets of approximately $181 billion at 31 December 2009 and employing more than 50 000 employees worldwide.


A full service bank established 147 years ago, with extensive operations in 17 African countries and 16 countries outside the African continent. Providing banking services in Personal & Business Banking, Corporate & Investment Banking and Wealth.


In recent years, Standard Bank has concluded a number of key acquisitions in Argentina, Kenya, Nigeria and Turkey and most recently a minority stake in Troika Dialog in Russia, to further consolidate our position in targeted geographic markets that are strategically important to our growth strategy.


The Industrial & Commercial Bank of China Ltd (ICBC) bought a 20% strategic shareholding in Standard Bank Group in March 2008 for $5,5 billion. The cooperation between Standard Bank and ICBC established a gateway between Africa and China, accelerating the Bank's International strategy and providing support for the bank's next phase of growth.


The bank's long-term ratings are: Moody's A3, Standard & Poor's BBBpi, Fitch Ratings BBB+. The South African sovereign ratings are: Moody's A3, Standard & Poor's BBB+, Fitch Ratings BBB+.


Standard Bank's growing global presence, strong capital base and client franchise in key emerging markets position the bank well for sustainable growth and returns.


About GAIN Capital


GAIN Capital Holdings, Inc. is a global provider of online trading services, specializing in foreign exchange (forex or FX) and contracts for difference (CFDs). Customers and trading partners in more than 140 countries have utilized the company's award-winning trading platform which transacts nearly $250 billion per month.


A pioneer in online trading services, GAIN Capital provides execution, clearing, custody and technology products and services to an institutional client base including asset managers, broker/dealers and other financial services firms. GAIN also operates FOREX.com, one of the largest and best-known brands in the retail forex industry.


With offices in New York City; Bedminster, New Jersey; London; Sydney; Hong Kong; Tokyo; and Seoul, GAIN Capital and its affiliates are regulated by the Commodity Futures Trading Commission (CFTC) in the United States, the Financial Services Authority (FSA) in the United Kingdom, the Financial Services Authority (FSA) in Japan, the Securities and Futures Commission (SFC) in Hong Kong, and the Australian Securities and Investments Commission (ASIC) in Australia.


GAIN's investor group includes private equity firms 3i, VantagePoint Venture Partners, Tudor Ventures, Edison Venture Fund and Cross Atlantic Capital Partners.


For company information, visit www.gaincapital.com or www.forex.com.


Source: GAIN Capital Holdings, Inc.

CONTACT: STANDARD BANK GROUP: John Beynon, Standard Bank Director &
Head, e-Channels, Foreign Exchange, Office: +27 (0)11 378 8922,
john.beynon@standardbank.co.za, or Ross Linstrom, Standard Bank Media
Relations, Office: +27 (0)11 636 3629, Mobile: +27 (0)83 262 1882,
ross.linstrom@standardbank.co.za; or GAIN CAPITAL: Alicia Brown, GAIN Capital,
Office: +1-908-731-0731, albrown@gaincapital.com, or Christa Conte, Feintuch
Communications, Office: +1-212-808-4902, christa@feintuchpr.com


Web Site: http://www.gaincapital.com/



40 years old Akwa Ibom Man Impregnates his 12 year old Daughter

40 years old Akwa Ibom Man Impregnates his 12 year old Daughter

Philip Ben a 40 years old father from Itam in Akwa Ibom is facing criminal charges of child abuse and despoiling his 12 year old daughter in Yaba, Lagos, Nigeria.

The daughter alleged that her father drugged her and despoiled her. But the father claimed that his daughter lured him into the abominable act of incest.

"One day I came back from work and I met my daughter unclothed. As I was looking and admiring her, my manhood erected and I could not control myself anymore. I started caressing her, but she did not resist me, so we started the act,” Philip Ben shamelessly confessed to the Criminal Investigations Dept of the Panti - Yaba office of the Nigerian Police Force in Lagos state.

The daughter said her father had been sleeping with her since she was 10 and had sexual intercourse with her daily for two years and the last time was in March this year.

For the complete news report, see page 8 of the Daily Sun newspaper of Nigeria on Friday June 11, 2010.