141 Capital, Inc. Issues First Quarter Agenda and Shareholder Update.
141 Capital announced today that goals for the first quarter of 2010 include completing and announcing its 2009 financial statements by the end of February, including a capitalization table of the company's share structure for the benefit of shareholders.
By the end of the first quarter, 141 management anticipates finalizing its registration as an independent introducing broker with the National Futures Association. As an "IB", 141 will be able to obtain customers and enter trades of futures and options on their behalf. To this end, 141 will implement the trading software of its affiliate Wind River Development Corporation, of which 141 is a 35% interest owner. Trade Tablet is in development now, and Wind River is both seeking and interviewing experienced traders to beta-test TradeTablet previous to the platform's introduction to retail users and its implementation by 141 as an IB. Active traders who are interested in participating in the beta test in a simulated market environment must be willing to provide feedback to Wind River and report their results on a weekly basis. Participants will receive a subscription to the service for one year following Trade Tablet's launch. It is currently anticipated that beta-testing will commence during the first quarter of 2010. To volunteer, or for additional information, please go to www.141capital.net, and click "Investor Relations" to download the questionnaire and fax it back to Wind River at: 877-396-3039.
With regards to the 2009 equity interest acquisition in Wind River, 141 has paid approximately $90,000 of the $300,000 owed to Wind River Development Corporation and anticipates that it intends to make further payment throughout the new year with the possible satisfaction of all debt with respect to the Wind River acquisition in 2010.
Errol Stone, CEO of 141 Capital wishes all 141 shareholders a healthy, prosperous and happy New Year. He remarked, "We are optimistic of the economy in the near and long term and look forward to an overall upturn in the markets and a successful year for 141 Capital."
About Wind River Development Corporation
WRDC has integrated new technologies from multiple strategic partners to supply solutions to the needs of traders in a new product branded TradeTablet. The TradeTablet platform enables expedited strategy development and customizable trading execution in an Excel compatible format. A customer having developed an Excel- based strategy can open an .xls file in TradeTablet, enter a trade, and it becomes instantly operational. Development is well underway with a completed beta version expected to be available during the first quarter.
About 141 Capital, Inc. (www.141capital.net)
141 Capital, Inc., is a publicly traded company based in Chicago. Its primary operations involve commodity trading for its own account. 141 is in the process of registering as an Introducing Broker with the National Futures Association to enable it to offer futures products to the general public.
141 encourages its shareholders to email any and all questions and suggestions. We usually respond to questions after business hours. Please understand it may take several days to receive a response. Email: firstname.lastname@example.org.
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|Date:||Jan 7, 2010|
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