XXIS News Business Status Update of 141 Capital, Inc.
Wednesday, June 18, 2008 9:01 AM
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News for 'XXIS' - (Business Status Update of 141 Capital, Inc.)
CHICAGO, Jun 18, 2008 (PrimeNewswire via COMTEX) -- 141 Capital, Inc. (Pink
Sheets:XXIS) today announced the progress being made in its ongoing start-up
operations.
141 Capital is currently working on three system trading programs. Testing of
two of these programs has produced outstanding returns. It is currently
anticipated that 141 Capital will commence trading in August.
The Company filed its Disclosure Document with the National Futures Association
in early June and anticipates its approval no later than the end of the month.
Once approved, 141 Capital will be able to solicit for customer CFA accounts.
The Company is commencing to build its sales organization.
141 Capital has contracted with Tavros Technologies, Inc., Chicago, IL to build
its permanent website. Errol Stone, Chief Executive Officer of 141 Capital,
stated that, "The second iteration of the website should be received this week
with the website up and running in mid-July."
About 141 Capital, Inc.
141 Capital, Inc., a member of the National Futures Association registered with
the NFA as a Commodities Trading Advisor and a publicly traded company based in
Chicago, utilizes electronic trading systems for trading financial products and
providing trade recommendations 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.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: 141 Capital, Inc.
By Staff
CONTACT: AudioStocks.com Ronald Garner 760-692-1167
(C) Copyright 2008 PrimeNewswire, Inc. All rights reserved.
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Source: Comtex Wall Street News
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