Independent Audit Verifies Subjex Corporation's FMS v3.0 Provides Investment Returns...

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Tue Jul 22, 2008 11:22am EDT

Independent Audit Verifies Subjex Corporation's FMS v3.0 Provides Investment
Returns of 17.3 Percent in First 4-1/2 Months of Operation

MINNEAPOLIS, July 22, 2008 (PRIME NEWSWIRE) -- Subjex Corporation (OTCBB:SBJX)
today provided an update with respect to its business strategy, version three of
Forecast Market Software (FMS) and an audited conformation of results. The
Company recently repositioned the FMS business from a software subscription to a
fund management model, which will direct the investment activities of
institutional investors. Subjex's FMS technology from February 15th to June 30th
2008, produced gains totaling 17.3%; results that are providing significant
momentum for the Company's institutional initiatives.

On July 16th 2008 the Company received the results of an audit performed by
Maddox Ungar Silberstein, PLLC. The audit confirmed that FMS performance results
for the six month period ending June 30, 2008 are in accordance with Global
Investment Performance Standards ("GIPS") for the purpose of determining whether
any material modifications should be made to trading activity gain calculations
in order to conform to GIPS. The letter of audit confirmation was included in
the Company's recent 8-K report.

Andrew D. Hyder, CEO of the Company, stated, "FMS v3.0 results continue to be
strong with a remarkable low volatility. With an audited track record that has
averaged 6% per quarter and will soon span three years, FMS is ready for the
scrutiny of investors that will come from the institutional community. As this
happens we expect the Company to accurately reflect the value of its
technology."

About Subjex Corporation

Based in Minneapolis, MN, USA, Subjex Corporation is an innovative artificial
intelligence development company delivering solutions for business and the
capital markets. Its Flagship product, FMS, is a quantitative trading engine
with a long term proven track record, a high Sharpe ratio of 2.67 and good risk
adjusted return. FMS is market neutral; carries a Beta coefficient of zero and
as such neither gains nor loses value as a result of general market trend. FMS
trades large indices and intentionally looks for small gains, taking compounded
profits by exiting positions often. For more information, visit
http://www.subjex.com.

This information contains "forward-looking statements" within the meaning of
Section 27a of the Securities Acts of 1933 and Section 21E of the Securities
Exchange Act of 1934. Management believes that the expectations reflected in
such forward-looking statements are reasonable, but cannot give assurance such
expectations will prove correct.

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CONTACT:  Subjex Corporation
          Andrew D. Hyder
          612-827-2203
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