Office Hours on the Australia Day long weekend.

Following in the great Australian tradition of enjoying a long weekend, we at the Cooroy office have decided that Australia Day should mean a long weekend so that staff may honour the holiday and return refreshed for a full year ahead.!!

We are closing the office on Monday 25th January followed by the public holiday on 26th January!!

So that means the Cooroy Head Office will be closed from 5pm, Friday 22nd  January and re-opening on Wednesday, 27th January at 9am.

On Sunday Management and staff from Trader Dealer Online climbed 89 stories (1,958 stairs and 300 metres of vertical elevation) to become the highest raising fundraisers in the Eureka Climb 2009 www.eurekaclimb.com.au

Trader Dealer Online raised $4,008 with CEO Damian Isbister, Manager Tom Boland, Operations Manager Mark Skec and Phone Broking Manager Janet McCaughey completing the climb.

The Eureka Climb 09 is a charity event for people of all ages and levels of fitness to walk, run/climb their way to the top of the world’s tallest residential tower and raise money for disadvantaged young people at home and abroad for their charity partners: Whitelion and Interplast.

Trader Dealer Online is a wholly owned subsidiary of the MDS Financial Group. The Merkin Group has a substantial shareholding in the MDS Financial Group.

Download Photo here:

Download Certificate here:

The new issue announcement, and application for the quotation of 66,000,000 additional securities (being 66,000,000 shares and 66,000,000 attaching options which are unlisted) and Agreement with the Australia Securities Exchange pursuant to Listing Rules 2.7, 3.10.3, 3.10.4 and 3.10.5 was lodged with the Australian Securities Exchange today.

Read the full announcement here.

Sean Rothsey, Merkin Group Chairman was unanimously reelected as Chairman of the public listed Company MDS Financial Group Ltd at the Company’s Annual General Meeting held in Melbourne this morning.

After successfully leading the complete restructure of the Company, the merge of the Merkin Group’s joint venture Trader Dealer Online with the Company in October and the resolution of Shareholder and Board issues the unanimous support of Sean, and in the statutory election by Shareholders of his appointed directors Damian Isbister and Richard Symon, is a clear indication of overwhelming support for his plans for the Company moving forward.

For the full announcement to the Australian Stock Exchange see here.

Note: Directors cannot support their own reelection and the abstained votes represent the votes of each director the shares of each director which are statutorily required to abstain.

The ASX listed public company MDS Financial Group Limited today announced the acquisition of minority interest in Trader Dealer Online Pty Ltd from The Merkin Group’s subsidiary BoxRED Pty Ltd was completed pursuant to approval by shareholders at the Extraordinary General Meeting 14 October, 2009.

The Merkin Group’s interest in Trader Dealer Online Pty Ltd is now reflected through its substantial shareholding in the publicly listed MDS Financial Group Limited.

Read the online version here:

Dear Sophisticated or Professional Investor,

It gives me great pleasure to offer you this opportunity to invest in MDS Financial Group Limited (“the Company”).

Through this Information Memorandum (“IM”), the Company is inviting investors to subscribe for up to 100 million Shares at an issue price of 2 cents per Share, together with 100 million free attaching Options, each having an exercise price of 5 cents and an expiry date of 30 June 2011, on the terms and conditions described in the Explanatory Memorandum (Section 2).

The funds raised by this Offer will provide the Company with working capital to support its growth strategy which will provide access to equity capital markets, facilitate corporate transactions, give employees an opportunity to participate in ownership of the Company and provide liquidity for existing Shareholders.

This Information Memorandum contains limited information about the Company’s operations, financial performance, experienced management team and future plans. It also outlines the potential risks associated with investing in the Shares.

This IM should be read in conjunction with announcements made by the Company which can be viewed at the Company’s website www.mdsfinancial.com.au or at the Australian Securities Exchange website www.asx.com.au. ASX code: MWS.

I encourage you to read the IM document carefully before making your investment decision. Each Recipient should consider whether purchasing the Shares is a suitable investment for them. Any Recipient in doubt about investing in the Shares should consult their stockbroker, accountant, lawyer or other professional adviser immediately.

Please note that this Offer is available to Professional and Sophisticated Investors only.

I look forward to welcoming you as a Shareholder and encourage you to complete your application and return it forthwith. For the full Information memorandum click here

Yours faithfully
Sean Rothsey

Sean Rothsey, Chairman

Sean Rothsey, Merkin Group Chairman successfully secured the current firm commitments and is free of any commission or cost to MDS.

Read full presentation here

MDS Shareholders overwhelmingly vote to approve the immediate acquisition of the Merkin Groups stake in Trader Dealer Online Pty Ltd.

Read full announcement here

The Merkin Group’s stake in ASX listed public company MDS Financial Group Ltd seems set to significantly increase in value post the release to the ASX yesterday of the 2009 Annual Financial Report/Annual Report to Shareholders of the Company for the financial year to 30 June, 2009 signed by MDS Chairman, Sean Rothsey, who also chairs The Merkin Group and the joint venture online trading company Trader Dealer Online Pty Limited .

“Highlights of the Report include

Future Developments, Prospects and Business Strategies

The Group has consolidated over a difficult trading period. It is now in a position to build on the transformation and integration of its businesses towards a more holistic product offering providing market data, analysis and charting tools, order placement, execution and settlement as a straight-through, seamless process.

Since 30 June 2009, Trader Dealer Online Pty Ltd has increased its client base by 27% with only limited marketing effort. The company continues to make sound month by month progress towards profitability with its revenue for the first two months of the 2010 financial year being twice that of the previous corresponding period.

Polling existing customers and prospects over the past 12 months indicates that they choose Trader Dealer Online Pty Ltd’s services over its competitors for two fundamental reasons: platform reliability and low fees.

Based on client feedback, the company has focused on improving the back-end infrastructure from which its solutions operate: improving stability and minimising the costs associated with adding new customers. On 1 September 2009, the company announced that it had entered into an agreement with ANZIEX Limited, a wholly owned subsidiary of InvestorFirst Limited (ASX: INQ), for the provision of wholesale broking services to Trader Dealer Online Pty Ltd. This facility will deliver further significant benefits in terms of functionality and cost savings. In addition, new solutions arising from in-house software development are expected to be launched into a beta environment in the fourth week of September 2009 and into full production as a robust and scalable service in December 2009.

In conjunction with these developments, throughout the year the company has taken the opportunity to develop a new Client Relationship Management (CRM) solution to address many legacy issues. This was identified as a priority to enable the company to continue to offer a high level of customer service to its existing customer base and to accommodate anticipated increases in client numbers and requirements as well as promoting the effective implementation of cross selling strategies. The company has commenced to roll this solution out though the Group and anticipate that by the end of the year, the whole Group will be running off one scalable, open source CRM.

The directors believe that the company is well positioned to return to profitability in the 2010 year.

Review of Operations

Overall revenue of $6,479,644 represents a 20% decline on that reported for the year ended 30 June 2008. In part this reflects the decision to cease unprofitable and marginal activities. The impact of the Global Financial Crisis on financial markets generally and, in particular, on the activity of retail investors contributed to a general decline in subscriptions revenue of 23% over the year. Conversely, brokerage and commissions revenue increased by 13% reflecting the underlying growth in the Group’s online trading and execution business, which increased by over 25% in the second half of the year.

Financial Position

The directors have announced their intention to seek shareholder approval at an Extraordinary General Meeting to be held on 14 October 2009 to raise additional share capital during the 2010 financial year in order to provide an additional $3,000,000 working capital to the Group.

The Group has no borrowings.

Dividends Paid or Recommended

No dividends have been paid or declared for payment during the financial year.

After Balance Date Events

On 15 September 2009, the Company issued a Notice of Extraordinary General Meeting to be held on 14 October 2009 together with an Explanatory Memorandum to seek approval from shareholders for:

• an issue of shares and options to Placement Investors;
• consent for certain Directors of the Company to participate in the Placements; and,
• the acquisition of all shares in Trader Dealer Online Pty Ltd held by BoxRed Pty Ltd.

Other than the above, no other matters or circumstances have arisen since the end of the financial year which significantly affected or could significantly affect the operations of the consolidated group, the results of those operations, or the state of affairs of the consolidated group in future financial years.”

For the full report see here

Read ASX Release here