CHICAGO, May 8, 2008 (PRIME NEWSWIRE) -- 141 Capital, Inc. (Pink Sheets:XXIS), in order to achieve rapid revenue traction, has expanded its business model to include providing trading recommendations to customers on a subscription basis. To achieve this goal, 141 will be utilizing advanced technology to provide its brokers with the information necessary to produce six to seven recommendations a day. 141 will be utilizing web-based and telephone marketing to attract customers. While a monthly subscription price has not been determined, it is estimated that it will initially be from $1,200 to $1,500 per month. 141 will be delivering its trade recommendations using SpoozToolz. It is currently negotiating a licensing and distribution agreement with Spooz, Inc. (Pink Sheets:SPZI). 141 anticipates offering this product within 45 days and estimates it will have 500 customers by year end.
Errol Stone, Chief Executive Officer of 141 Capital, stated that the Company will be filing an application with the SEC to register as an Investment Advisor. "By becoming an investment advisor, 141 will be able to provide trade recommendations for securities as well as for derivatives. This will substantially increase the number of potential customers as upon its registration, 141 will be able to offer stock recommendations," stated Mr. Stone
About 141 Capital, Inc.
141 Capital, Inc., a member of the National Futures Association registered with the NFA as a Commodities Trading Advisor, is a publicly traded company based in Chicago. 141 utilizes electronic trading systems for trading financial products and providing trade recommendations listed on the world's derivatives exchanges, including foreign exchange futures and options (mostly on the Chicago Mercantile Exchange), equity index futures and options worldwide, energy futures and options, grain futures and options and fixed income futures and options.
Forward Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of Forward-Looking Statements: This news release may contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements present management's expectations, beliefs, plans and objectives regarding future financial performance, and assumptions or judgments concerning such performance. Any discussions contained in this release, except to the extent that they contain historical facts, are forward-looking and accordingly involve estimates, assumptions, judgments and uncertainties. There are a number of factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking statements.