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Jul 31, 2008 7:31:00 AM
2008 PrimeNewswire, Inc.
CHICAGO, July 31, 2008 (PRIME NEWSWIRE) -- 141 Capital Inc. (Pink Sheets:XXIS) is pleased to announce that the Company has been featured in a story for the online magazine HedgeWorld by Senior Financial Correspondent Michael Fischer. The story focuses on 141 Capital's establishment as a Commodities Trading Advisor (CTA) and its preparation to trade customer accounts in the third quarter of this year.
In the story, 141 Capital is noted for its distinction as one of the only standalone public CTAs and that it will trade grain futures and stock indexes using its proprietary algorithmic trading systems. The systems include the PS VWAP, a reactive system that works best when markets are trading sideways; a volatility momentum system, which utilizes pattern recognition features; and a reactive system that takes advantage of market pricing that diverges from fair value.
"Whereas most institutions that build systems can sometimes take two to three months to hard code them, we can develop a system in a week," stated Errol Stone, CEO of 141 Capital, Inc., in the HedgeWorld story. "After hard testing of the three systems has been completed, the Company will use them to trade its own capital."
The article is available on the registration-based HedgeWorld Web site at the following link: www.hedgeworld.com. Investors wishing to obtain a copy of the story may contact Investor Relations at the number below.