Wesley Chapel, FL, July 27, 2005 - Louis B. Mendelsohn, President and CEO, announced today that Market Technologies, the leading provider of intermarket analysis futures, Forex and ETF trading software achieved record revenue for the second quarter ended June 30, 2005. Compared to 2Q 2004 revenue, Mr. Mendelsohn indicated that "on a year-over-year basis 2Q 2005 revenue was 38% higher than the same quarter in the prior year.” 2Q 2005 revenue was also up 30% from the 1Q 2005, a substantial growth for such a short period of time.
Ean Mendelsohn, Sales Manager, also noted that "for the first six months of 2005, revenue was up more than 27% over the first six months of 2004, which itself was a record period." He indicated that "as global markets continue to dominate the interest of traders worldwide there has been a greater than ever interest among financial and commodities traders in our VantagePoint software." Ean Mendelsohn also pointed out that, as the company continues to expand its worldwide sales and marketing programs, awareness of the value of VantagePoint software to traders around the globe has greatly increased. Traders are now, more than ever, recognizing intermarket analysis as a vital component necessary for successful trading.
About Market Technologies
Headquartered in Tampa Bay since it was founded in 1979 by Louis B. Mendelsohn, with trading software customers in over seventy countries worldwide, Market Technologies, an Inc. 500 company and recognized world leader in market forecasting, develops proprietary trend forecasting and market timing technologies that utilize artificial intelligence and intermarket analysis to forecast various financial and commodity markets, including interest rates, stock indexes, currencies, energies, metals, grains, meats, softs, Forex and ETFs, covering a total of fifty-two world markets.