XXIS News 141 Capital Inc. Receives Approval of Disclosure D...
Monday, August 4, 2008 8:32 AM
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"StockAlerts@scottrade.com" <StockAlerts@scottrade.com>
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News for 'XXIS' - (141 Capital Inc. Receives Approval of Disclosure Document From NFA Now May Solicit Customers)
CHICAGO, Aug 4, 2008 (PrimeNewswire via COMTEX) -- 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.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: 141 Capital, Inc.
By Staff
CONTACT: 141 Capital, Inc. www.141capital.com Investor Relations 1-866-THE APPL(E)
(C) Copyright 2008 PrimeNewswire, Inc. All rights reserved.
-0-
SUBJECT CODE: ELECTRONIC TRADING SYSTEMS
Company Announcement
Source: Comtex Wall Street News
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