Market Technologies Donates Money to the Hurricane Katrina Relief
Company News and Press Releases
Market Technologies Donates Money to the Hurricane Katrina Disaster Relief Effort
Wesley Chapel, FL, September 06, 2005 — Louis B. Mendelsohn, President and Chief Executive Officer, announced today that Market Technologies, a privately-owned, Inc. 500, trading software company, has made financial donations to both the American Red Cross and the Salvation Army to benefit the Hurricane Katrina disaster relief effort. Funds donated to the American Red Cross and Salvation Army help aid those who reside in the areas that were devastated by Katrina and its aftermath. Thanks to these two outstanding organizations, 150,000 – 200,000 victims of Hurricane Katrina are being assisted daily. Many have been left homeless and helpless, with the critical provisions such as food, clothing and shelter provided by the Red Cross and Salvation Army needed just for survival. “As Floridians we have seen first-hand the devastation that a hurricane can leave in its wake” said Mr. Mendelsohn. “While we cannot be there in person to help with the current relief efforts in the Gulf Coast, we are grateful that we are in position to help through our financial contributions.” Mr. Mendelsohn indicated that he intends to have Market Technologies make additional financial contributions to this relief effort on behalf of its entire staff.
The Gulf Coast states of Louisiana, Mississippi and Alabama, were among the hardest hit and are now working to repair, not only their cities, but the lives of their residents as well. Hurricane Katrina struck South Florida as a Category 1 storm on Thursday August 25, 2005. After crossing the lower peninsula it churned into the warm waters of the Gulf of Mexico becoming a fierce Category 5 storm. It weakened to a still-destructive Category 4 storm with 145 mph winds when it finally made landfall along the Gulf Coast states. Market Technologies’ financial donations will contribute to the emergency relief effort needed to meet the unprecedented humanitarian efforts that will be required to help rebuild the lives of so many affected by this monumental natural disaster.
About Market Technologies Headquartered in Tampa Bay since it was founded in 1979 by Louis B. Mendelsohn, with trading software customers in over seventy countries worldwide, Market Technologies, an Inc. 500 company and recognized world leader in market forecasting, develops proprietary trend forecasting and market timing technologies that utilize artificial intelligence and intermarket analysis to forecast various financial and commodity markets, including interest rates, stock indexes, currencies, energies, metals, grains, meats, softs, Forex and ETFs, covering a total of fifty-two world markets.