VantagePoint : Market Technologies, LLC Expands Facilities in Florida

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Market Technologies Expands its Facilities in Florida

Wesley Chapel, FL, October 28, 2003 — Louis B. Mendelsohn, President and Chief Executive Officer, announced today that Market Technologies, a privately-held investment software firm, has expanded its facilities. The new office facilities are adjacent to the existing space that Market Technologies has occupied since 1995. The additional space increases the size of its facilities by more than 50%, allowing the firm to continue to expand its sales force, technical support, and administrative staff. Extensive renovations were made to outfit the facility with Market Technologies’ upgraded computer network and telecommunications systems. According to Mr. Mendelsohn “This additional space will allow us to grow and expand the business over the next several years as our customer base worldwide continues to expand.”

Market Technologies is a world leader in technical analysis software development. Headquartered in Tampa Bay since it was founded in 1979 by Mr. Mendelsohn, with customers in more than forty countries worldwide, Market Technologies develops proprietary trend forecasting and market timing technologies that utilize intermarket analysis to predict forty-three commodity and financial futures markets, including interest rates, stock indices, currencies, grains, metals, softs, and energy markets. The company’s software trading program, VantagePoint, which pioneered intermarket analysis through the use of neural networks when it was first released in 1991, performs trend forecasting utilizing intermarket pattern recognition.