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SPZI Spooz Inc (PK)

0.0122
-0.0001 (-0.81%)
Last Updated: 16:39:02
Delayed by 15 minutes
Share Name Share Symbol Market Type
Spooz Inc (PK) USOTC:SPZI OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0001 -0.81% 0.0122 0.0124 0.0128 0.013 0.0116 0.0127 10,735,092 16:39:02

141 Capital, Inc. Announces Technology Licensing Agreement

14/05/2009 2:40pm

Business Wire


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141 Capital, Inc. (Pink Sheets: ONCP) announced it executed a strategic agreement with Spooz, Inc. (Pink Sheets: SPZI) to license Spooz’s trading technology. Securing this technology is part of 141’s strategic plan to develop spread sheet software to be utilized by consumers to perform analysis and enact real time trades of futures and options through affiliated brokers. This license provides 141 with a foundation for new analytical software and will undergo substantial upgrades over the several months. New state-of-the-art features will be added. 141 will be releasing this new trading platform to the derivatives market for use by individual investors and retail and institutional traders.

The release of 141’s platform will mark a new pillar of revenue for the company, projected to far supersede the revenues currently generated by the company’s trading account (company management trades financial products listed on the world's derivatives for the company’s account). The platform’s launch will enable the company to generate revenues through commissions. 141 Chairman Paul Strickland recently discussed the company’s latest strategic developments in an interview with ceonews.tv. For more information about the company’s recent developments, listen to the interview here: http://www.CEONews.tv/index.php?option=com_content&task=view&id=2600&Itemid=240.

"We are excited to announce this licensing agreement with Spooz; it provides us with the foundation to build our interactive software product. Especially exciting is the capability to analyze trades by allowing for “What If” scenarios in potential trading strategies in multiple outcome environments," stated Errol Stone, CEO of 141 Capital.

About 141 Capital, Inc. (www.141capital.com):

141 Capital, Inc., is a publicly traded company 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. Additionally, 141 trades financial products listed on the world's derivatives for its own account.

About Spooz, Inc.

Spooz, Inc., an independent software vendor developed revolutionary trading solutions for electronic traders. Spooz's technology products were to provide versatile trading and analysis screens, and automated trading systems in the fast growth financial marketplace. The value of the SpoozToolz platform was that it would enable any trader to create trading applications, including algorithmic black-box systems, retaining flexibility and customizability

Safe Harbor Act: This release includes forward-looking statements made pursuant to 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. 141 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.

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