Market Technologies 2006 1st Quarter Revenue
Company News and Press Releases
Market Technologies Announces Record 1st Quarter Revenue
Wesley Chapel, FL, May 25, 2006 — Louis B. Mendelsohn, President and Chief Executive Officer, today reported that Market Technologies, a privately-held trading software firm, achieved record quarterly revenue for the first quarter ended March 31, 2006. Compared to 2005 1Q revenue, Mr. Mendelsohn indicated that “on a year-over-year basis, 2006 1Q revenue was 80% higher than the same quarter in the prior year.” He also noted that 2006 1Q revenue was 10.8% higher than 2005 4Q revenue, which through the end of 2005 was the then-highest quarterly revenue in the company’s history.”
The continued globalization of futures and commodities trading has further increased traders’ interests in what we have to offer. Additionally, the incorporation of Forex and ETF forecasting into Market Technologies’ flagship program VantagePoint Intermarket Analysis Software has created unprecedented demand for the software. “VantagePoint has always been recognized as the premier tool for futures and commodities trading and now we are now being recognized as the premier forecasting tool for Forex and ETF trading as well” said Mr. Mendelsohn.
In order to maintain the high standards of quality service, Market Technologies has continued to expand and strengthen its corporate infrastructure through the addition of key employees in several different departments including Sales, Marketing, Research and Development, and Technical Support. The expansive growth has also been supported by the construction of a new state-of-the-art office building. Market Technologies made the official move into its new headquarters on April 10th, 2006. “We are extremely pleased and excited to have made the move into our new building,” said Lane Mendelsohn, Vice President. “Our new facility will allow for future continued growth and helps to secure our position as the world leader in market forecasting.”
About Market Technologies Headquartered in Tampa Bay since it was founded in 1979 by Louis B. Mendelsohn, with trading software customers in over eighty countries worldwide, Market Technologies is an Inc. 500 company and recognized world leader in market forecasting. Market Technologies researches and develops proprietary trend forecasting and market timing technologies that utilize artificial intelligence applied to intermarket and hurricaneomic analysis, in order to forecast various commodity and financial markets throughout the world. These presently include energies, interest rates, stock indexes, currencies, metals, grains, meats, softs, Forex and ETFs, covering a total of ninety world markets.