CHICAGO, July 24, 2008 (PRIME NEWSWIRE) -- 141 Capital Inc., (Pink Sheets:XXIS) is pleased to announce that the Company will begin marketing its services to individuals and brokerages in the 3rd Quarter and soon will initiate trading derivatives for its own account to generate revenue in advance of the launching of its commodities trading advisor (CTA). 141 Capital has developed a means to commence trading its account without incurring substantial infrastructure costs.
Initially, 141 Capital is developing its business by trading its own funds, using systems it has developed or licensed. Based on that performance, the Company will solicit investors who wish to open trading accounts and take advantage of 141 Capital's algorithmic trading systems. These investor accounts will be managed by 141 Capital on a fee and incentive basis. The Company will continue to create additional algorithmic trading platforms and for its own use and to trade its clients' accounts.
"We will be one of the only public CTAs, and further development of our technology will enable us to launch our CTA services to the public in the near future," stated Errol Stone, CEO of 141 Capital, Inc.
141 Capital seeks to develop partnerships and acquisitions in order to create a comprehensive trading system for investors and brokerages. Eventually, it may also provide trade recommendations via email and download templates, enabling traders to execute the trades themselves.
About 141 Capital, Inc.:
141 Capital, Inc. is a publicly traded company based in Chicago. It provides electronic trading systems for trading financial products 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.
The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.