NEW YORK, Aug. 4, 2005 (PRIMEZONE) -- MEK Trader Inc. ("MTI") previously known as "Mechanical Swing Trader" announced that it has been acquired by a private investor group in July 2005. The terms of the transaction were not disclosed. This acquisition has provided MTI with a talented management team and tremendous financial resources to launch a new and improved website for traders.
MTI will make available to individual investors its premier Dow Stock trading system known as the Dow Challenger through its new website, www.mektrader.com. The system, which until today, only institutions have had access to, focuses solely on trading the absolute bluest of the blue chips: the components of the Dow Jones Industrial Average. MTI provides its subscribed traders with daily recommendations on "what to buy," "when to buy," and "when to sell." MEK Trader's systems have a proven track record of consistently delivering above average investment returns during the last two calendar years.
"In spite of an extremely difficult market and a stagnant DJIA, MTI's marquee system generated a 45.19% return in 2003 and 28.2% in 2004," said Aron Govil, CEO of MEK Trader Inc. "We wanted individual investors to have access to both the buys and sells of equities that the institutions are privy to," continued Mr. Govil.
MEK Trader Inc. is the leader in the new trading revolution. The trading systems and proprietary market trading algorithms have been in development for nearly a decade. The MEK trading system incorporates the latest advances in Market Scanning Technology, the best elements of Fundamental Analysis, and the core tenets of Technical Analysis. Their methodology also takes into consideration the newest breakthroughs in Behavioral Finance along with cutting edge Charting Techniques and Custom Indicators. The research and development gave birth to 100% mechanical trading systems which generate high-probability, low-risk buy and sell signals, focusing on stocks listed on the NYSE, NASDAQ, and AMEX exchanges.