TORONTO, Nov. 4, 2004 (PRIMEZONE) -- Commandcredit Corp. (Pink Sheets:CCDTF) has signed an agreement whereby the Company has obtained the rights pursuant to a letter of intent to acquire all of the issued and outstanding equity units of Sphere Analytics, LLC, a Nevada Limited Liability Company.
Sphere Analytics, LLC has developed a proprietary trading system intent on becoming the industry's most powerful real-time equity filtering platform. The product, XTS(tm), offers market professionals a compelling new way to streamline their decision making process. Innovative real-time analysis features, including easy-to-use trade automation and complete customization ability, set it apart from new and established competitors.
"The Company is pleased to be able to enter into this acquisition and facilitate a merger after having identified Sphere Analytics' proprietary technology and management as having the potential to be leaders in their industry," stated Marc Hazout, President & CEO.
"Sphere Analytics, LLC has a professional team that is passionate about showcasing the company's next-generation analytics technology, executing Sphere's business plan and maximizing value for our shareholders," stated Robert McLister, President of Sphere Analytics, LLC.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.