Capital Markets Technologies, Inc (fka CMKT)

[brig]

(PR NEWSWIRE) Capital Markets reviews initiation of coverage on the company by
ource Capital Group, Inc.
Capital Markets reviews initiation of coverage on the company by Source Capital
roup, Inc.

CHICAGO, Oct. 10 /PRNewswire-FirstCall/ - Capital Markets Technologies, Inc. ("
MT" or the "Company"), in reviewing the just released research report issued by
ource Capital Group, Inc., a broker dealer specializing in small cap and micro-c
p stocks based Westport, CT, has the following comments: "We are pleased that so
eone on the Street is beginning to realize the potential results CMT may produce
from the integrated platform of solutions it offers European banks and financial
institutions in implementing the Single Euro Payments Area - SEPA - Directive th
t is required from these institutions on or before December of 2010" stated Mr.
ack Bouroudjian, chairman of CMT. "Our portfolio of solutions has been recognize
in the financial community through the provision of CMT services to customers a
d correspondent banks by both the Royal Bank of Scotland (NYSE:RBS) and HSBC Ban
plc. Additionally, the CMT acquired companies currently have a run-rate of appr
ximately $18 million per year in revenue in the services that they offer." Conti
ued Mr. Bouroudjian.
Currently the Company's subsidiaries are being audited and financial statements
converted to US GAAP so that they can be incorporated into CMT's SEC filings. Th
Company anticipates that the 2008 operating results will be reflected in the 10
for the third quarter and/or the 10K to be filed after the close of business fo
FY 2008.
In the research report released by Source Capital, Joe Blankenship, VP Research
at the company recaps the history of the European market consolidation and sets
orth the current Directives for SEPA. On the CMT strategy Mr. Blankenship commen
s: "The Company's value proposition to its customers is to provide flexible and
calable pay-as-you-go solutions which remove the need for financial institutions
to deploy expensive in-house systems." CMT management believes this objective wi
l be accelerated through the associations with RBS and HBSC. As to the 12-month
rice target of $4.00 per share, Mr. Blankenship comments: "While it appears aggr
ssive, the multiples of all financial stocks are suppressed today because of the
financial crisis being experienced in the U.S. and Europe. By the end of 2009, f
r which our target price is established, the Company should have demonstrated it
financial performance and product acceptance in providing SEPA solutions."

About Capital Markets Technologies

Capital Markets Technologies Inc., (OTC:BB:CMKT) is a Chicago-based financial t
chnology solutions company with operations in Chicago and London. The company pr
vides innovative financial technology solutions to global financial institutions
and major corporations. For further information please visit www.capitalmarkests
ech.com or email [e-mail].

FORWARD-LOOKING STATEMENTS

Certain statements contained in this news release that are not based on histori
al facts are "forward- looking statements" and are prospective. These statements
may appear in a number of different places in this news release and can be ident
fied by words such as "estimates", "projects", "expects", "intends", "believes",
"plans", or their negatives or other comparable words. Forward-looking statement
include statements regarding the outlook for CMT's future operations, plans and
statements about future market conditions, supply and demand conditions, forecas
s of future costs and expenditures, and other expectations, intentions and plans
that are not historical fact. Such forward-looking statements are subject to ris
s, uncertainties and other factors which could cause actual results to differ ma
erially from future results expressed or implied by such forward-looking stateme
ts. Many of these factors are beyond the control of CMT. Consequently, all forwa
d-looking statements made in this news release are qualified by this cautionary
tatement and there can be no assurance those actual results or developments anti
ipated will be realized.
Section 21E of the Securities Exchange Act of 1934 as amended, and is subject t
the safe harbors created thereby. Such statements involve certain risks and unc
rtainties associated with an emerging company. Actual results could differ mater
ally from those projected in the forward-looking statements as a result of risk
actors discussed in Capital Markets Technologies reports that will be on file wi
h the US Securities and Exchange Commission.

SOURCE Capital Markets Technologies inc.


Contact Information:
Capital Market Technologies Inc., [phone]
*** end of story ***