MORE XXIS NEWS:
141 Capital, Inc. Sets Track to Revenue
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
