CHICAGO, July 31, 2008 (PRIME NEWSWIRE) -- 141 Capital Inc. (Pink Sheets:XXIS) is pleased to announce that the Company has been featured in a story for the online magazine HedgeWorld by Senior Financial Correspondent Michael Fischer. The story focuses on 141 Capital's establishment as a Commodities Trading Advisor (CTA) and its preparation to trade customer accounts in the third quarter of this year.
In the story, 141 Capital is noted for its distinction as one of the only standalone public CTAs and that it will trade grain futures and stock indexes using its proprietary algorithmic trading systems. The systems include the PS VWAP, a reactive system that works best when markets are trading sideways; a volatility momentum system, which utilizes pattern recognition features; and a reactive system that takes advantage of market pricing that diverges from fair value.
"Whereas most institutions that build systems can sometimes take two to three months to hard code them, we can develop a system in a week," stated Errol Stone, CEO of 141 Capital, Inc., in the HedgeWorld story. "After hard testing of the three systems has been completed, the Company will use them to trade its own capital."
The article is available on the registration-based HedgeWorld Web site at the following link: www.hedgeworld.com. Investors wishing to obtain a copy of the story may contact Investor Relations at the number below.
About HedgeWorld:
HedgeWorld, a division of Thomson Reuters, is the hedge fund industry's leading news, research and analysis source for individual and institutional accredited investors and their professional advisers, fund managers and service providers. It is the Hedge fund industry's largest internet community, with over 70,000 registered members in 125 countries.
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.