VantagePoint : Market Technologies Announces Record Revenue for 2006
Company News and Press Releases
Market Technologies Announces Record 2006 Revenue
Wesley Chapel, FL, February 9, 2007 — Louis B. Mendelsohn, President and Chief Executive Officer, reported today that Market Technologies, LLC, a privately held, Inc. 500, trading software company, achieved record annual revenue for the seventh consecutive year. On a year-over-year basis revenue for 2006 was 13.4% higher than 2005 revenue and represented the highest level of revenue in the company’s history.
Market Technologies completed construction in 2006 of its state-of-the-art office building, with occupancy occurring in April 2006. With this available space Market Technologies was able to not only increase it sales and technical support staff, but was also able to double its marketing and research and development departments. “This infrastructure and personnel growth has laid the ground work for future growth and expansion,” said Lane Mendelsohn, Vice President. “While we have continued to increase our trading software customer base worldwide, we have also maintained our commitment to providing quality support and service to all of our customers.”
Market Technologies and its flagship software product, VantagePoint Intermarket Analysis Software, experienced several notable moments throughout the 2006 year. Market Technologies was awarded the 2006 Best Place to Work, Top 25 High-Tech Companies award, and the Industry of the Year Award. VantagePoint Intermarket Analysis Software version 6.4 was also released. This new release brought the total number of forecasted markets to 90, with several added features for customer ease of use.
“We are extremely proud of the accomplishments Market Technologies has seen this past year,” said Mendelsohn. “The notable awards are a testament to positive and outstanding staff we have working here. Without them all of our accomplishments would not have been attainable. We look forward to our future development in personnel, as well as in our intermarket trading software VantagePoint.”
About Market Technologies Headquartered in Tampa Bay since its founding in 1979 by Louis B. Mendelsohn, with trading software customers in over 80 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 stocks, stock indexes, ETFs, energies, interest rates, currencies, metals, grains, meats, softs and Forex, covering a total of 200 world markets.