NEW ORLEANS, Jan. 13, 2004 (PRIMEZONE) -- Stock Market Solutions (OTCBB:SMKT) announces that under an arrangement with First Foundation Financial Services, Inc, a Canadian financial firm, the Livermore Trading System is to be used exclusively in the trading management of a captive investment fund of up to $100,000. The system uses Livermore's special proprietary software to indicate the timing for buy/sell and or long/short trades.
Under the arrangement, First Foundation in consultation with SMKT will make all trades indicated by The Livermore Trading System at a leading brokerage firm and in a specific "Livermore Account" dedicated to only these trades. The system will be used to trade only the following index stocks: QQQ (NASDAQ), SPY'S (Standard and Poor 500) and Diamonds (Dow Jones).
The company's back-trading test programs have produced outstanding profits. The purpose of the dedicated fund will be to test the results, using the Livermore Trading System in a real-time, proof-positive environment.
Richard Smitten, president of Stock Market Solution is quoted as saying, "The test is designed to demonstrate the profit-generating capabilities of the proprietary Jesse Livermore Trading System, which we at SMKT have developed into a software trading system over the past two years. We expect the published results to which will prove how effective this trading system really is. We welcome this chance to disclose the actual results to the public."
Stock Market Solutions is a company that assists professional mutual and hedge fund traders and managers who wish to learn how to more skillfully trade the stock market. The Company uses the Internet and proprietary on-line computer software systems to teach these traders the "Jesse Livermore Trading System" to more successfully trade the stock market.
For more information:
Stock Market Solutions Inc. (SMKT)
Investor Relations 1 (504) 561-1104
Visit our website: www.stockmarketsolutions.org
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are "forward-looking statements" that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission ,which may cause actual results, performance and achievements of the company to be materially different from any future results, performance or achievements expressed or implied.