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Market Technologies Announces Record 1st Quarter Revenue

Wesley Chapel, FL, May 25, 2006 -- Louis B. Mendelsohn, President and Chief Executive Officer, today reported that Market Technologies, a privately-held trading software firm, achieved record quarterly revenue for the first quarter ended March 31, 2006. Compared to 2005 1Q revenue, Mr. Mendelsohn indicated that “on a year-over-year basis, 2006 1Q revenue was 80% higher than the same quarter in the prior year.” He also noted that 2006 1Q revenue was 10.8% higher than 2005 4Q revenue, which through the end of 2005 was the then-highest quarterly revenue in the company’s history.”

The continued globalization of futures and commodities trading has further increased traders’ interests in what we have to offer. Additionally, the incorporation of Forex and ETF forecasting into Market Technologies’ flagship program VantagePoint Intermarket Analysis Software has created unprecedented demand for the software. “VantagePoint has always been recognized as the premier tool for futures and commodities trading and now we are now being recognized as the premier forecasting tool for Forex and ETF trading as well” said Mr. Mendelsohn.

In order to maintain the high standards of quality service, Market Technologies has continued to expand and strengthen its corporate infrastructure through the addition of key employees in several different departments including Sales, Marketing, Research and Development, and Technical Support. The expansive growth has also been supported by the construction of a new state-of-the-art office building. Market Technologies made the official move into its new headquarters on April 10th, 2006. “We are extremely pleased and excited to have made the move into our new building,” said Lane Mendelsohn, Vice President. “Our new facility will allow for future continued growth and helps to secure our position as the world leader in market forecasting.”

About Market Technologies
Headquartered in Tampa Bay since it was founded in 1979 by Louis B. Mendelsohn, with trading software customers in over eighty countries worldwide, Market Technologies is an Inc. 500 company and recognized world leader in market forecasting. Market Technologies researches and develops proprietary trend forecasting and market timing technologies that utilize artificial intelligence applied to intermarket and hurricaneomic analysis, in order to forecast various commodity and financial markets throughout the world. These presently include energies, interest rates, stock indexes, currencies, metals, grains, meats, softs, Forex and ETFs, covering a total of ninety world markets.

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* VantagePoint's accuracy statistics were computed on out-of-sample price data utilizing neural networks trained on both single market and intermarket data and relate to the Neural Index which indicates whether the average of tomorrow’s typical price and the typical price of the day after tomorrow (both unknowns at this time) are expected to be higher or lower than the average of yesterday's typical price and the typical price of the day before yesterday.  The numerical value of the Neural Index, either a one (1) or a zero (0) thereby indicates whether or not the trend direction is expected to be higher or lower for each target market over the next two days. A Neural Network accuracy statistic of 80% does not mean that eight out of ten trades will be winning trades.  VantagePoint is not a trading system that gives the same specific buy and sell signals to all users. It is a technical forecasting tool that is comprised of proprietary forecasting indicators that apply neural networks to market data for the purpose of finding patterns and relationships between markets and then using this information to make futuristic forecasts. Using these indicators each trader determines his or her own entries, exits and stop placements which may vary from those of other traders due to differences among traders in trading style, objectives, risk propensity, account size and number of contracts involved, thereby producing different trading results from one trader to another. Futures and options trading involves risk, is not for every trader, and only risk capital should be used.  For more detailed information, please read our Important Disclaimer and software license agreement.

Copyright © 2008 Market Technologies, LLC. All Rights Reserved.

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