VantagePoint : Market Technologies, LLC Announces New Office Expansion
Company News and Press Releases
Market Technologies Announces New Office Expansion
Wesley Chapel, FL, March 15, 1999 — Louis B. Mendelsohn, President and Chief Executive Officer, announced today that Market Technologies, a privately-held investment software firm, has opened it’s new office expansion. The new expansion is directly adjacent to the existing office facilities that Market Technologies currently occupies. The new space substantially increases the size of its facilities, allowing the firm to expand its sales force and technical support staff. Extensive renovations were made to outfit the facility with Market Technologies’ computer network and telecommunications system. “The additional space will allow us to grow and expand the business over the next several years. The past few years have been explosive for Market Technologies. In 1998 the firm was ranked 27th in revenue growth in the Fast 50 competition among 3,000 technology-related firms located in the seven counties of West Central Florida. We attribute a substantial portion of our revenue growth to our existing clients ordering additional software programs from us as well as from referrals from existing clients and others in the financial industry. To me, that is proof that we must be doing something right,” says Lane Mendelsohn, Director of Development. “We expect to double our staff by the end of 1999 with additional sales associates as well as technical support and client support staff. We have continued research and development on our software technology and have made further advancements that will be available to our clients at no charge in the next software revision which our clients will be able to download from our website later in 1999. Good things take time, and I am very pleased with the progress that we have continued to make in trading software development”, says Louis Mendelsohn, President and Chief Executive Officer. Market Technologies is a leading developer of software for financial market analysis. Founded in 1979 by Mr. Mendelsohn, the firm has clients in more than thirty countries worldwide. Market Technologies licenses trading software, provides consultation to its clients, and develops proprietary models that utilize neural networks and intermarket analysis to forecast prices, moving averages, and short term market trends for twenty-one financial futures markets, including interest rates, stock indices, currencies, and the energy complex.