141 Capital Announces TradeTablet.com
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CHICAGO--(Business Wire)-- 141 Capital, Inc. (OTCPK: ONCP) announced today that its license agreement with its minority owned (35%) subsidiary, Wind River Development Corporation, (WRDC) provides for exclusive rights to futures and options brokerage on WRDC`s web-based trading platform to be launched at TradeTablet.com. The TradeTablet.com product, currently under development, will feature a multi-threaded, price and execution enabled spreadsheet coupled with a specialized relational database accessible to users for an affordable monthly subscription. The feature set of the web-based spreadsheet will enable users to design, construct and store custom spreadsheet templates for a wide variety of trading strategies and methodologies. In addition, TradeTablet.com will provide a venue for the free exchange of templates by subscribers. The database will enable users to download historical market data, display real-time streaming prices and to create synthetic custom instruments, such as user defined spreads and baskets of exchange listed instruments. To accomplish this, 141 will employ third party connectivity portals to brokers as well as exchanges around the globe. In addition, 141 and WDRC will develop additional third party relationships for the deployment and hosting of the web-based trading solutions related to TradeTablet.com. As planned, 141 will apply to the National Futures Association for registered status as an independent Introducing Broker. Upon completion of the registration, 141 will have the ability to offer brokerage and clearing services of selected premier Futures Commission Merchants to the public at discount prices - a major source of future revenues for the company, management stated. "There is no trading tool in existence with the capabilities that TradeTablet will offer retail and professional subscribers alike," said 141 Capital CEO Errol Stone. "The ramifications of user-enabled features alone to futures and options traders are unparalleled in our opinion, and we are very, very excited about its development and launch," he concluded, noting that the company will announce a prototype launch date in the near future. About 141 Capital, Inc. 141 Capital, Inc., is a publicly traded company based in Chicago. Its primary operations involve commodity trading for its own account utilizing trading systems for trading financial products listed on the world's derivatives exchanges. It is a 35% owner of Wind River Development Corporation which is developing a proprietary trading platform that 141 intends to release to consumers upon its completion and 141`s registration as an independent broker with the NFA. Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. Contact: 141 Capital encourages its shareholders to email any and all questions and suggestions. We usually respond to questions after business hours and understand it may take several days to receive a response. Email: info@141capital.com 141 Capital, Inc. Errol Stone, 312-788-8271 Copyright Business Wire 2009
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