Market Technologies Record 2003 Revenue & Company Restructuring
Company News and Press Releases
Market Technologies Announces Record 2003 Revenue and Company Restructuring
Wesley Chapel, FL, January 26, 2004 — Louis B. Mendelsohn, President and Chief Executive Officer, today reported that Market Technologies, a privately held trading software firm, achieved record annual revenue for the fourth consecutive year. On a year-over-year basis revenue for 2003 was 35% higher than 2002 revenue and more than six times the 1999 revenue, while 4th Q 2003 revenue was 59% higher than in the same period in 2002.
Mr. Mendelsohn attributes the continuance of the company’s phenomenal growth (up over 500% since 1999) to the increasing acceptance of the company’s trading software program within the financial industry for its accuracy at forecasting financial markets utilizing intermarket analysis, as well as to the excellent level of customer support provided to the company’s software users. Due to this tremendous increase in demand for VantagePoint Intermarket Analysis Software by individual traders throughout the world, and to assure its worldwide leadership position in the trading software industry, Mr. Mendelsohn also announced that Market Technologies’ R&D responsibilities were separated from its sales and customer support functions effective January 5, 2004, through the creation of two distinct, yet related, successor limited liability companies.
The Predictive Technologies Group, which has the exclusive license to Market Technologies’ trading software technologies, will focus solely on future research and development of powerful market forecasting trading tools including upcoming versions of VantagePoint Intermarket Analysis software. Market Technologies, which has the exclusive license to offer these tools to traders throughout the world, will continue to provide outstanding customer support to its software users to assure their trading success.
Market Technologies will continue to make available powerful analytic software tools and other products and services to traders throughout the world. Mr. Mendelsohn indicated that he is determined that Market Technologies will maintain and further strengthen its worldwide leadership position in the financial software industry by assuring its customers that they will have at their disposal the very best trading tools and services available. This customer commitment to outstanding quality and excellence both in trading software and customer support, first made by Mr. Mendelsohn a quarter-century ago, remains at the very heart of what Market Technologies is all about.
Headquartered in Tampa Bay since Market Technologies was founded in 1979 by Mr. Mendelsohn, with customers in more than fifty countries worldwide. Market Technologies offers proprietary trend forecasting and market timing technologies that utilize intermarket analysis to predict various financial and commodity markets, including interest rates, stock indexes, currencies, energies, metals, grains, and other agricultural commodities.