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Market Technologies Wins Tampa Bay Technology Fast 50 Award for 3rd Consecutive Year

Wesley Chapel, FL, August 4, 2000 -- Louis B. Mendelsohn, President and Chief Executive Officer, announced today that Market Technologies was notified that it made the 2000 Tampa Bay Technology Fast 50 list as one of the fastest growing technology-related companies in the Tampa Bay region for the third consecutive year.

In his August 4, 2000 letter to Mr. Mendelsohn announcing the award, Mr. Stuart L. Rogel, President of the Tampa Bay Partnership Regional Research and Education Foundation, offered his "congratulations on winning this prestigious award that is an industry benchmark for success!". According to Mr. Rogel, Market Technologies "made the 2000 Tampa Bay Technology Fast 50 list as one of the fastest growing technology-related companies in the Tampa Bay area" and indicated that Market Technologies' "company information has already been submitted to Deloitte & Touche's National Technology Fast 500" for consideration as one of the 500 fastest growing technology companies in the United States.

Mr. Rogel's letter to Mr. Mendelsohn invited Market Technologies to an awards banquet to be held on September 19, 2000 during which the actual ranking of the fifty winners will be revealed for the first time, and that Market Technologies' ranking in the Fast 50 will also be featured in the Maddux Report, Tampa Bay's monthly business magazine, and in the Tampa Bay Technology Directory, a Partnership publication focused on the region's technology issues.

Market Technologies is a world pioneer in technical analysis and market timing software. Founded in 1979 by Mr. Mendelsohn, with clients 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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