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Market Technologies to be honored as one of Tampa Bay's fastest growing private companies

Wesley Chapel, FL, July 5, 2007 -- Louis B. Mendelsohn, President and Chief Executive Officer, announced today that Market Technologies, LLC, a privately-held, Inc. 500, trading software company will be honored at the Tampa Bay Business Journal’s Fast 50 Awards luncheon in Tampa on Thursday, July 26, 2007 as one of the 50 fastest growing, privately-held, companies in the Tampa Bay area.

Rankings are based on percentage of annual growth in revenue over the most recent three year period. Eligible companies must be located in Hernando, Hillsborough, Sarasota, Polk, Pinellas, Pasco or Manatee counties and must have had annual revenue of at least $1 million each year since 2004. At the luncheon for the honorees the company rankings will be made public, as determined by Kirkland, Russ, Murphy & Tapp, certified public accountants, based upon its independent verification of each honoree’s financials.

Additionally, Mr. Mendelsohn, along with his wife, has been invited to attend a private cocktail reception in honor of Market Technologies’ accomplishments on Wednesday evening, July 25, 2007, at the International Plaza Renaissance Hotel in Tampa.

In conjunction with the public announcement of the rankings, the Tampa Bay Business Journal will publish a special 2007 Fast 50 Supplement, featuring Market Technologies and the other honorees, to its July 27th issue of the Tampa Bay Business Journal.

“Market Technologies is proud to be one of the fastest growing, private companies in the Tampa Bay area,” said Bill Lauby, Market Technologies’ Chief Financial Officer. “Having the professional opportunity to be a part of Market Technologies’ incredible success-story is a great honor for me. Our company is very dynamic and innovative in every respect from state-of-the-art software development to its outstanding customer support, global marketing, and company culture building, as we strive to achieve Mr. Mendelsohn’s vision of being a truly ‘World Class company’. Winning the Tampa Bay Fast 50, on the heels of being voted Best Place to Work in Tampa Bay, is a reminder that our recent accomplishments are simply stepping stones to our future growth and continued success.”

About Market Technologies
Headquartered in Tampa Bay since its founding in 1979 by Louis B. Mendelsohn, with trading software customers in over 80 countries worldwide, Market Technologies is a fast growing, 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 stocks, stock indexes, ETFs, energies, interest rates, currencies, metals, grains, meats, softs and Forex, covering a total of 200 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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