Michael S. Hopkins, Editor-At-Large, Inc. magazine (right), congratulates Louis B. Mendelsohn, President/CEO, Market Technologies (left), at a special Honorees Luncheon celebrating local Inc. 500 companies. The luncheon was held at the Wyndham Orlando Resort in Orlando, Florida on Tuesday, January 18, 2005.
Wesley Chapel, FL, October 20, 2004 -- Louis B. Mendelsohn, President and Chief Executive Officer, announced today that Market Technologies, the leading provider of intermarket analysis futures trading software, was named to the prestigious Inc. 500 List, ranking 420 out of more than 500,000 companies that were considered. Conducted each year by Inc. Magazine for the past twenty-three years, the competition ranks the 500 fastest-growing private companies in the United States. Market Technologies earned its position with an impressive four-year total growth in sales from 2000 through 2003 of 359%.
To be eligible for this year's Inc. 500 competition, Inc. 500 companies must be independent and privately held with minimum net sales of $200,000 in fiscal 2000. Additionally, 2003 sales had to exceed 2002 sales and be at least $2,000,000. Inc. Magazine verifies all sales figures from tax returns and financial statements prepared by outside accountants. Inc. Magazine also conducts interviews with company officials.
Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Timberland, Oracle, Morningstar, E* Trade, Intuit, and Domino's Pizza all appearing on the list before they became industry powerhouses.
"It is truly an honor to be ranked as one of the nation's fastest-growing private companies by Inc. Magazine" said Mr. Mendelsohn. And while the list recognizes achievements over the last four years, Mr. Mendelsohn emphasized that the company's success is really much more deeply rooted than that. He stated, "Market Technologies is currently celebrating its 25th year of business and this prestigious recognition is the culmination of decades of hard work and commitment to providing individual traders in the financial markets with the very best technical analysis tools available." He continued, "The demand for our flagship product, VantagePoint Intermarket Analysis Software, has never been greater among financial and commodity traders, and we remain as committed now as we were 25 years ago to helping people trade more successfully, and maintaining our position as the premier developer and provider of market forecasting tools for traders".
Michael Mathews, Chief Operating Officer, was excited that the company made the Inc. 500 list for 2004 but stated that "our company's phenomenal growth over the past four years did not occur by accident. We have carefully planned out and are executing a managed growth strategy that ensures the proper balance between sales growth and growth of the company's infrastructure, so that we never compromise our ability to provide superior support to our software customers." "For example," he continued, "we are actively seeking to add more top notch sales and support professionals to our team. Presently, we are also in the design phase for building our own office building to afford the company more control over its office facilities in order to accommodate the continued expansion of the company in an orderly manner."
About Market Technologies
Headquartered in Tampa Bay since it was founded in 1979 by Mr. Mendelsohn, with software clients in over fifty countries worldwide, Market Technologies develops proprietary trend forecasting and market timing technologies that utilize intermarket analysis to forecast various financial and commodity markets, including interest rates, stock indexes, currencies, energies, metals, grains, meats, and softs, covering a total of 43 financial futures and commodities markets.