FOX Translator
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You're at a fruit market. But, instead of just being able to buy apples at this fruit market, you can also sell fruit.
You're not a farmer, so you come to the market to buy some apples and you see two fruit stands. Fruit Stand A on the left
is buying and selling apples at 50 cents apiece. However, Fruit Stand B on the right is buying and selling apples at 53 cents
apiece. People are buying and selling apples at these two stands all the time, and the price at a stand could change at any
moment. But, while you're there, apples are 50 cents and 53 cents, respectively.
You're a smart person, and you quickly
realize that you can buy apples from Stand A and then sell them across the street to Stand B and make a 3-cent profit. But
you have to do it now; you can't wait. So you buy all the apples at Stand A and then run to sell them all to Stand B.
Congratulations.
You've committed fruit-stand arbitrage.
Arbitrage is exactly that: the selling of the same item between two different
markets to make a profit off the mathematical differences in price. However, it's not apples that are traded--the goods in
question are usually stocks, currencies and other securities. Arbitrage happens when you get a stock, usually a common one
like General Electric that's traded on multiple markets (Japan, Hong Kong, U.S., etc¿). The stock is usually worth within
fractions of a penny the same on each of those markets. However, there are often some minor variations.
People who
participate in arbitrage take advantage of these variations--and make a ton of money doing it. As seen in the fruit stand
example, you can make a "riskless profit" from buying and selling apples between different markets.
There are some
big hedge funds that make almost all their money off arbitrage. But, despite this simple example, arbitrage is mathematically
complex--and involves a good portion of risk if you don't know what you're doing. You probably won't be able to participate
in arbitrage directly, but you can always invest in a mutual fund that does.
Home / Markets / Industries / Finance
Tuesday, May 06, 2008
Randall 'RT!' Thorne Appointed Executive Director of UOMO Subsidiary
Comtex
TORONTO, May 06, 2008 (BUSINESS WIRE) ----UOMO Media Inc. (OTCBB:UOMO), a multi-channel media and entertainment company, is pleased to announce that its visual media subsidiary, The NE, has appointed Randall 'RT!' Thorne as Executive Director.
RT! is one of Canada's most successful and prolific film directors, responsible for breathtaking visuals that stand out in the world market in terms of quality and concept. In the last year alone he has worked with various world-renowned international talents such as Sean Paul, Xzibit, Ginuwine, Talib Kweli, Kardinal Offishall, Massari, and Shawn Desman.
His recent 8 nominations and 2 wins including "Director of the Year" for the 2nd consecutive year at the 2007 MuchMusic International Video Awards evidence the high esteem his peers hold him in.
"We are very happy to welcome RT! to the team," commented Mr. Camara Alford, CEO and Chairman of UOMO Media. "This is another step in UOMO's consolidation strategy in acquiring entertainment-based intellectual property assets."
About UOMO Media Inc.
UOMO Media Inc. is a multi-channel entertainment company that acquires, produces, and manages intellectual media content and digital assets. UOMO integrates existing and well-established revenue streams in recorded music, publishing, talent management and distribution through its four operating divisions: UOMO Digital Distribution, UOMO Recorded Music, UOMO Talent Management, and UOMO Publishing. PriceWaterhouseCoopers estimates that by 2011, the global media and entertainment industry will be worth US$ 2 trillion. www.uomomedia.com.
Forward Looking Statements:
The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties, including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development and acquisition of new product lines and services, government approval processes, the impact of competitive products or pricing from technological changes, the effect of economic conditions and other uncertainties, and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. UOMO Media Inc. takes no obligation to update or correct forward-looking statements.
SOURCE: UOMO Media Inc.
UOMO Media Inc. Investor Relations Javed Mawji, 646-808-0685 ir@uomo.com www.uomomedia.com
Copyright Business Wire 2008
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