Market Technologies - Market Technologies Receives Recognition from Pasco Economic Development Council

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Market Technologies Receives Recognition from Pasco Economic Development Council

Wesley Chapel, FL, September 25, 2000 -- Louis B. Mendelsohn, President and Chief Executive Officer, announced today that Market Technologies received a letter of congratulations from Mary Jane Stanley, Executive Director of the Pasco Economic Development Council, on behalf of the Board of Directors and staff of the Council for Market Technologies ranking 25th in the Tampa Bay Technology Fast 50 competition. In her letter to Mr. Mendelsohn, Ms. Stanley indicated that "This is truly an accomplishment, and we are fortunate to have you call Pasco County home for your business".

Earlier this summer, on June 12, 2000, the Pasco Economic Development Council informed Mr. Mendelsohn that Market Technologies was nominated for one of the Pasco Economic Development Council’s Industry of the Year Awards. According to John Walsh’s letter to Mr. Mendelsohn on behalf of the Council, "Every year since 1987, the Pasco Economic Development Council has recognized outstanding companies for their contribution to our economy. This nomination sets Market Technologies apart as a leading member of Pasco County’s corporate community."

Market Technologies is a world pioneer in technical analysis and market timing software. Founded in 1979 by Mr. Mendelsohn, with customers in more than thirty countries worldwide, Market Technologies has developed a proprietary market timing technology that utilizes neural networks and intermarket analysis to forecast twenty-one financial markets, including interest rates, stock indices, currencies, and the energy complex.

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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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