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FCStone’s Globecot, Inc. Changes Name to FCStone Fibers and Textiles

FCStone’s Globecot, Inc. Changes Name to FCStone Fibers and Textiles

FCStone Group, Inc. (Nasdaq:FCSX), a commodity risk management firm, recently announced that Globecot, Inc., the company’s information, market research, news, and consulting arm for the global fiber and textile industries, has changed its name to FCStone Fibers & Textiles Division. The division’s new name reflects FCStone’s ongoing commitment to offering valuable consulting services to the fiber and textile industry, while aligning the division’s identity more effectively with FCStone.

In 2008, FCStone acquired Globecot, Inc. and The Jernigan Group, LLC, a registered brokerage group that provides execution services to the global fiber and textile industries. The name change coincides with the launch of a new FCStone Fibers & Textiles section of FCStone’s Web site: http://fibers.fcstone.com. This name change does not affect the operation of the division. It will continue to provide clients with the tools to succeed in today’s marketplace through information, consulting, and risk management services. The news arm of the former Globecot, Inc., Globecot News Network, will operate under its current name and will continue to offer detailed news, research and analysis covering the full chain, fiber to shelf.

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“This is an exciting day for our Fibers & Textiles division and we congratulate everyone on their hard work in making this seamless transition happen,” said Pete Anderson, President and Chief Executive Officer of FCStone. “Our fiber and textile clients can rest assured that our standard of service remains higher than ever, and they will continue to receive the best in class resources and services they’ve come to rely on, now backed by FCStone.”