CHICAGO, June 18, 2008 (PRIME NEWSWIRE) -- 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.