Dynetech Announces Sale of Wizetrade®

Diversified, Orlando-Based Company Sharpens Focus on Core Business Units

Dynetech Corporation has announced completion of the sale of all of the assets of The Wizetrade Group, its industry-leading trading software and training company, to a company which was ultimately merged with MB Trading Holdings, LLC (MB Trading). Terms of the transaction were not disclosed.

“We’re extremely gratified at the level of growth, success and recognition we achieved with Wizetrade over the years Dynetech owned and operated the company,” said Dynetech CEO and Founder Laurence J. Pino. “When we first became an exclusive enterprise development partner in 2002, Wizetrade had fewer than a dozen employees and was selling approximately 20 software programs a month. By the time of divestiture, the company had grown into a multimillion dollar business with 138 employees and had generated over 130,000 unit sales of its software programs.”

Under Dynetech’s ownership, Wizetrade leveraged a single software program into an industry leader with a portfolio of products, such as Wizetrade Options®, Wizetrade Forex®, Wizetrade Commodities®, CommandTRADE®, Commandtrade 4X®, 4XTracker®, Options Hunter®, WizeFinder®, Wizetrade TV® and numerous ancillary products. “In addition,” adds Mr. Pino, “Wizetrade TV® became an innovative influence in the growth of Wizetrade, with a broadcast quality, high definition television studio transmitting live to the Internet 12 hours daily, five days a week. In fact, Jared Levy and Alan Knuckman, frequent commentators on CNBC, came from Wizetrade TV.”

The merger with MB Trading, a licensed broker/dealer, continues a recent trend in the financial services industry of integrating education, technology, and direct access trading into a comprehensive set of financial services offered to an ever-demanding public. “The merger of Investools® and thinkorswim®, subsequently acquired by Ameritrade®, and the recent acquisition of Optionetics® by OptionXpress® reflect the ever-changing dynamics and landscape of the financial services industry,” said Craig Nickerson, Chief Financial Officer of Dynetech Corporation.

While the transactional side of the securities business has become disintermediated, individuals are in more need than ever for high quality education and technology tools capable of keeping up with the advances in computer-assisted trading.

The Wizetrade business is led by a seasoned management team led by its President, John Dankovchik, and by CEO Ross Ditlove and President Steve Demarest who are Founders and Owners of privately-held MB Trading.

“This transaction reflects Dynetech’s strategic commitment to our core businesses such as Dynetech Training & Simulation and Dynetech Financial Services. These operating units remain focused on technology, education, and sales and marketing,” said Mr. Pino.

About Dynetech Corporation:

Headquartered at Dynetech Centre in downtown Orlando, Dynetech Corporation is a diversified, enterprise management and development company providing innovative financial, technology, training, and sales and marketing systems and solutions.
Contacts

Massey Communications, Inc., Orlando
Bud Brewer, 407-581-4222 Ext. 702
bud {at} masseycommunications(.)com