Market Technologies Ranks 29th in Statewide Florida Competition

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Market Technologies Revenue Growth Ranks 29th in Statewide Florida Competition

Wesley Chapel, FL, October 28, 1999 — Louis B. Mendelsohn, President and Chief Executive Officer, announced today that Market Technologies, a privately-held investment software firm, was honored this evening at the prestigious 1999 Tampa Bay Technology Fast 50 awards ceremony held at the Tampa Bay Convention Center. Annual Fast 50 competitions, sponsored by the Big Five accounting firm of Deloitte & Touche LLP, are held in the United States, England, and Canada. This year Market Technologies ranked 17th in the Tampa Bay competition, far surpassing its 27th place ranking last year. Other companies among the 1999 Tampa Bay Fast 50 winners include: Intermedia Communications, Jabil Circuit, Inc., Sykes Enterprises, Inc., and Tech Data Corp. The Tampa Bay Technology Fast 50 is a ranking of the region’s 50 fastest growing technology companies, both public and private, out of more than 3,000 technology-related firms in the region, based on percentage growth in revenues over a five-year period. The Tampa Bay region comprises seven counties, including the metropolitan cities of Tampa, St. Petersburg and Clearwater, Florida.

According to Loreen Spencer, High Technology Partner for Deloitte & Touche LLP, Tampa “In an era where technology companies come and go like shooting stars, making the Tampa Bay Fast 50 is a testament to a company’s leadership and its ability to not only have the right solution for that moment in time, but also the vision that allows growth over five years. Market Technologies has proven that it has the right stuff to succeed, and we at Deloitte & Touche salute your accomplishments.”

As a winner of the Tampa Bay Fast 50 competition, Market Technology has been nominated by Deloitte & Touche for consideration in its 1999 National Technology Fast 500 Technology competition which ranks the 500 fastest growing technology companies in the United States.

Market Technologies is a world pioneer in technical analysis and market timing software. Founded in 1979 by Mr. Mendelsohn, with customers in more than thirty countries worldwide, Market Technologies has developed a proprietary market timing technology that utilizes neural networks and intermarket analysis to forecast twenty-one financial markets, including interest rates, stock indices, currencies, and the energy complex.