Market Technologies 2005 Record 2nd Quarter Revenue
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Market Technologies Announces Record 2nd Quarter Revenue
Wesley Chapel, FL, July 27, 2006 — Louis B. Mendelsohn, President and Chief Executive Officer, announced today that Market Technologies, a privately-owned, Inc. 500, trading software company, achieved record revenue for the second quarter ended June 30, 2006.
Compared to 2005 2Q revenue, Mr. Mendelsohn indicated that “on a year-over-year basis, 2006 2Q revenue was 8% higher than the same quarter in the prior year.” Mr. Mendelsohn also stated that “Market Technologies’ 2006 revenue was 39% higher than that of the first half of 2005.” The company not only grew physically with the move into its new state-of-the-art office building during the second quarter, but also significantly expanded its flagship software product, VantagePoint Intermarket Analysis Software. VantagePoint customers can now apply the software’s nearly 80% predictive accuracy to twenty-one brand new markets, bringing the total number of markets forecasted by VantagePoint to ninety. Lane Mendelsohn, Vice President, indicated that “forecasting ninety markets comprising ten different categories ensures VantagePoint’s position as the world’s leader in market forecasting. I can say with near certainty that our software meets and exceeds the needs of any trader world-wide.”
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.