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Market Technologies Announces Record 2nd Quarter Revenue

Wesley Chapel, FL, July 27, 2006 -- Louis B. Mendelsohn, President and Chief Executive Officer, announced today that Market Technologies, a privately-owned, Inc. 500, trading software company, achieved record revenue for the second quarter ended June 30, 2006.

Compared to 2005 2Q revenue, Mr. Mendelsohn indicated that “on a year-over-year basis, 2006 2Q revenue was 8% higher than the same quarter in the prior year.” Mr. Mendelsohn also stated that “Market Technologies’ 2006 revenue was 39% higher than that of the first half of 2005.” The company not only grew physically with the move into its new state-of-the-art office building during the second quarter, but also significantly expanded its flagship software product, VantagePoint Intermarket Analysis Software. VantagePoint customers can now apply the software’s nearly 80% predictive accuracy to twenty-one brand new markets, bringing the total number of markets forecasted by VantagePoint to ninety. Lane Mendelsohn, Vice President, indicated that “forecasting ninety markets comprising ten different categories ensures VantagePoint’s position as the world’s leader in market forecasting. I can say with near certainty that our software meets and exceeds the needs of any trader world-wide.”

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.

VantagePoint Intermarket Analysis Software, TraderTech, ProfitTaker, World Leader in Market Forecasting, and Market Technologies, LLC are trademarks of Market Technologies, LLC. Synergistic Market Analysis, Synergistic Analysis and Market Synergy are service marks of Market Technologies, LLC. Hurricaneomics is a registered trademark of Market Technologies, LLC

 

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