141 Capital Inc (fka ONCP)

[Lucky2]

Ivgotanace, the talk you refer to is because of the following:

141 Capital, Inc.'s Board of Directors Approves Preferred Stock Exchange for Shareholders

CHICAGO, Oct. 9 /PRNewswire-FirstCall/ -- 141 Capital, Inc., (Pink Sheets: XXIS) is pleased to announce that the Company's Board of Directors has approved a preferred stock exchange for its shareholders to convert common stock in the Company for shares of preferred stock. For every 1,000 shares of the Company's common stock turned into the Company's transfer agent during the term of the exchange offer, shareholders will receive one share of preferred stock valued at $1.00 per share.

Shareholders must turn in a minimum of one million shares of the Company's common stock to qualify and take part in the exchange offer. The deadline for accepting the exchange offer and delivery of physical certificates to the Company's transfer agent Manhattan Stock Transfer, is the close of business on November 7, 2008. No conversion of the Preferred Stock to Common Stock can occur until after a holding period of three months from the date of the new certificate. Thereafter, shareholders may convert their Preferred Stock into Common Stock.

"The restructuring of the Company's shares will enable us to better fulfill our overall business plan and bring true value to our shareholders," stated Errol Stone, CEO of 141 Capital, Inc.

To get more information on the preferred stock exchange, please visit the Company's Web site: http://www.141capital.com/

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.

Forward Looking Statements

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of Forward-Looking Statements: This news release may contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements present management's expectations, beliefs, plans and objectives regarding future financial performance, and assumptions or judgments concerning such performance. Any discussions contained in this release, except to the extent that they contain historical facts, are forward-looking and accordingly involve estimates, assumptions, judgments and uncertainties. There are a number of factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking statements.

Contact: 141 Capital, Inc.

http://www.141capital.com/ or Call Investor Relations 1-866-THE APPL(E)

DATASOURCE: 141 Capital, Inc.


CONTACT: Investor Relations of 141 Capital, Inc., 1-866-THE-APPL(E)


Web site: http://www.141capital.com/




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