141 Capital Commences Development of New Trading Platform; Announces License Agreement and Acquisition Negotiations.CHICAGO -- 141 Capital, Inc. (OTCPK: ONCP) announced today that it has entered into a license agreement with Wind River Development Corporation ("WRDC WRDC Western Rural Development Center WRDC Women in Resource Development Committee WRDC World Radiation Data Centre WRDC Wisconsin Rural Development Center WRDC Wyoming Rural Development Council WRDC Wright Research and Development Center ") to develop a new trading platform technology. As part of the product development and specific to the company's license agreement with WRDC, 141 sublicensed its recently announced Spooz, Inc. technology to WRDC. In return, 141 will have the exclusive license of the trading platform for the trading of futures and their attendant options. Coupled with 141 becoming an Introducing Broker, 141 management stated it believes the company will generate significant commission revenues. Additionally, to secure proprietary rights and position the company strategically for future technological development revenues, 141 management noted that it is actively pursuing an equity position in WRDC. Errol Stone, 141's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. asserted, "The development of the trading platform is officially now underway. We cannot overstate our excitement with these developments; furthermore, we project the prototype to be available for beta testing (programming) beta testing - Testing a pre-release (potentially unreliable) version of a piece of software by making it available to selected users. This term derives from early 1960s terminology for product cycle checkpoints, first used at IBM but later standard throughout the in 90 days or sooner." About 141 Capital, Inc. (www.141capital.com): 141 Capital, Inc., is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. based in Chicago. Its primary operations involve commodity trading. The company's principals are involved in the development of software technology to develop a proprietary trading platform that the company intends to release to consumers upon its completion and the company's registration as an independent broker with the NFA NFA - Finite State Machine . Additionally, 141 Capital utilizes trading systems for trading financial products listed on the world's derivatives for its own account. About Wind River Development Corporation Wind River Development Corporation has many years of experience building financial software. It has entered into an agreement with Cosecant cosecant: see trigonometry. , Inc. for programming services. Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. 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 encourage its shareholders to email any and all questions and suggestions to us. We usually respond to questions after business hours and understand it may take several days to receive a response. Email: info@141capital.com. |
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