141 Capital Inc (fka ONCP)

[MuchCompensation]

141 Capital, Inc. Restructures for Continued Growth and for Earnings
Monday February 23, 2009, 8:31 am EST
Yahoo! Buzz Print Related:141 Capital, Inc.
CHICAGO--(BUSINESS WIRE)--141 Capital, Inc. (OTCPK: ONCP) announced today that on February 9, 2009 it restructured its capital by implementing a 175 to 1 reverse to better position it for growth and expansion. The Company was previously trading under the symbol OFON.PK. In addition, the Company posted its trading results for January 2009 on its website, www.141capital.com and Barclay Hedge’s website, www.barclayhedge.com.

The Board of Directors approved the capital restructure to position the Company for growth, to reduce the market volatility 141 Capital’s shares have experienced, and to better reflect the Company’s earnings now that the Company has commenced trading the 141 Seasonal Trading Pool I, LLC (``STP1').

In January 2009, 141 Capital successfully commenced trading STP1. STP1 trades futures and options contracts listed on domestic exchanges in grains and the soy complex (CBOT, KCBT, MGE), energy (NYMEX, ICE), softs (ICE), meats (CME), interest rates (CBOT, CME), precious and strategic metals (CBOT, COMEX), and foreign currencies (CME). 141 Capital results will be posted on its Web site (http://www.141capital.com) and through Barclay Hedge (http://www.barclayhedge.com) in early February.

STP1’s system is based on trading seasonal futures and options spreads. Spread trading involves holding a long position in one future(s) or associated option(s) contract and a short position in a related future(s) or option(s) contract, in order to potentially profit from an anticipated change in the price relationship between the two. Trading spreads generally reduce risks associated with price movements in markets, and, consequently, the volatility of those price movements. Depending upon the success of STP1, 141 Capital expects to reach break-even status sometime during the second quarter of 2009.

“We are excited about the results from our trading in January. We expect to continue to generate positive results from our 141 Seasonal Trading Pool I LLC throughout the year,” stated Errol Stone, CEO of 141 Capital, Inc.