MINNEAPOLIS, Nov. 26, 2007 (PRIME NEWSWIRE) -- Subjex Corporation (OTCBB:SBJX) today announced that the Company has completed enhancements to its proprietary FMS software. These enhancements are expected to result in more consistent trading gains and less volatility going forward. Back testing of the revised system showed significantly improved results over the record returns in 2006 and in the first quarter of 2007. In addition the company has formed an advisory board aimed at strengthening its board of directors as well as exploring various funding opportunities for the FMS products.
"Recent enhancements to the proprietary FMS software were designed to keep FMS nimble and not locked into one trade or trading method in an ever changing market. Our last four trades were accurate and produced 6% gains last week which validate significant changes that were necessary for the company to get back on track from a software and talent perspective," commented Andrew D. Hyder, Chief Executive Officer of the Company.
Hyder also noted that, in addition to forming the advisory board, the Company is actively looking to recruit and secure board members with the appropriate experience and expertise to represent the interests of the Company's shareholders going forward. "We also feel that the addition of qualified board members with strengths in finance software marketing will go a long way toward building a solid future for this Company," Hyder concluded.
The newly formed advisory board plans to assist in identifying underwriters and aid in the issuance of debt in the form of an insured "Collateral Trust Bond" with 100% of the proceeds slated for inclusion into a trust which will place the funds into a Rydex account. This account will "mirror" the trades resulting from FMS. The trust is expected to be run by a third party trustee according to bylaws established as a result of cooperation between Subjex, a bond insurance company and the underwriter. The plan is to enhance the appeal to fixed income investors by offering an interest rate slightly higher than average for its credit class. This initiative is designed to raise up to $10 million and will enable the Company to earn the difference between FMS market gains and the bond interest and expenses.
FMS is an A.I. software product that forecasts the DJIA, the NASDAQ 100 and other major indices so that subscribers, when "plugged into" the software via their own proprietary mutual fund account, can find capital appreciation. The objective is to provide accurate next day forecasts, long or short, allowing clients to take market neutral profits via short term trades. FMS is software that is available to clients by subscription and has averaged gross returns of 12% per quarter since inception in February 2006.
Based in Minneapolis, Minnesota, USA, Subjex Corporation provides innovative Artificial Intelligence Development for the Capital Markets and its investors. For more information visit the website at www.subjex.com.
This news release contains "forward-looking statements" within the meaning of Section 27a of the Securities Acts of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct.