CHICAGO, Aug. 4, 2008 (PRIME NEWSWIRE) -- 141 Capital Inc. (Pink Sheets:XXIS) is pleased to announce that the Company's Disclosure Document has been approved by the National Futures Association (NFA). With the completion of this approval process, the Company is now authorized to pursue outside accounts and begin managing and trading on behalf of those account holders.
The Company will trade derivative products listed on the world's commodity exchanges using multiple automated trading platforms because trading performance is not dependent on any specific market direction. Instead it relies upon the precise micro-second calculations of the automated systems to identify opportunities as they arise in all market conditions. These platforms include PS VWAP, a reactive system that works best when markets are trading sideways; a volatility momentum system, which combines pattern recognition features with volatility associated with directional momentum; and a reactive system that uses Bollinger Bands to take advantage of market pricing that diverges from fair value.
"We are very excited that the NFA has approved our disclosure statement, and we're eager to begin offering our services to investors. This is a significant event in our Company's history and we are moving forward with marketing our services to the financial community," stated Errol Stone, CEO of 141 Capital, Inc.
141 Capital, Inc. 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).
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.