VantagePoint : Market Technologies, LLC Announces Record 2005 Revenue
Company News and Press Releases
Market Technologies, LLC, Announces Record 2005 Revenue
Wesley Chapel, FL, February 7, 2006 — Louis B. Mendelsohn, President and Chief Executive Officer, reported today that Market Technologies, a privately held, Inc. 500, trading software company, achieved record annual revenue for the sixth consecutive year. On a year-over-year basis revenue for 2005 was 55% higher than 2004 revenue and more than twelve times 1999’s revenue, while 4th Q 2005 revenue was up 72% over the same period in 2004. Additionally, Market Technologies realized its highest monthly revenue in December, 2005.
According to Ean Mendelsohn, Vice President, “In 2005 we substantially increased our customer base both domestically and internationally. That’s because our flagship software product, VantagePoint Intermarket Analysis Software, has continued to gain increasing worldwide recognition as the premier intermarket trend forecasting tool for individual traders”. He added “we expect this trend to accelerate in the years to come, as the baby boomers start to retire and become even more actively involved in the financial markets”.
Additionally, according to Louis Mendelsohn “2005 was the year in which we tackled several major long-term projects necessary to support the company’s future growth. Foremost among these projects is the construction of a new state-of-the-art office building for both Market Technologies sales, administrative, and technical support staff as well as the Predictive Technologies Group’s R&D team”.
The new building, comprising more than 10,000 square feet, has been designed with “hurricaneomics” in mind. The entire building was engineered to withstand 140 mph sustained winds, and includes a steel and concrete reinforced network server and telecommunications room within the building, capable of withstanding 180 mph sustained winds. The building will have its own on-site auxiliary generator for back-up power, so that disruptions to the firm’s operations can be kept to a minimum. Construction of the new facility, just a mile from the firm’s current office, is expected to be completed by the end of February, with move-in and occupancy scheduled for mid-March, 2006. To follow the progress on the building construction to date click here.
About Market Technologies Headquartered in Tampa Bay since it was founded in 1979 by Louis Mendelsohn, with trading software customers in over seventy countries, 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 sixty-nine world markets.