VantagePoint : Market Technologies, LLC Announces Record 1st Quarter Revenue
Company News and Press Releases
Market Technologies Announces Record 1st Quarter Revenue
Wesley Chapel, FL, May 19, 2004 — Louis B. Mendelsohn, President and Chief Executive Officer, today reported that Market Technologies, a privately-held trading software firm, achieved record revenue for the first quarter ended March 31, 2004. Compared to 1Q 2003 revenue Mr. Mendelsohn indicated that “on a year-over-year basis 1Q 2004 revenue was 62% higher than the same quarter in the prior year”.
Michael Mathews, Chief Operating Officer, stated that “this rate of first quarter growth is even higher than the projected overall 2004 annual revenue growth, which is 44% above 2003’s record annual revenue”. Mr. Mathews attributes the continued, substantial increase in worldwide demand by individual traders for Market Technologies’ flagship software product, VantagePoint Intermarket Analysis Software, to a number of interrelated factors: (1) baby boomer demographics coupled with the recent stock market collapse that makes it more urgent for baby boomers to search for new ways to increase their assets as retirement years approach; (2) heightened recognition by traders of the critical importance of intermarket analysis as the world’s economies and markets continue to become more and more globalized; (3) the impact that the internet has had on exposing Mr. Mendelsohn’s pioneering work in technical analysis to a broader international audience of traders; and (4) the fact that more traders are attracted to VantagePoint now that new agricultural and soft commodity markets were added to the VantagePoint suite of market modules in 2003.
Market Technologies is a world pioneer in technical analysis software. Headquartered in Tampa Bay since it was founded in 1979 by Mr. Mendelsohn, with software customers in approximately 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.