MINNEAPOLIS, Jan. 26, 2009 (GLOBE NEWSWIRE) -- Subjex Corporation (OTCBB:SBJX) today provided updates with respect to its Forecast Market Software (FMS) business strategy and litigation resolution with Farsuperior Management LLC.
Since its inception in February of 2006, FMS has produced an average quarterly return of over 9%, an average annual return of over 37% and a now audited 2008 total return of 58.8% on actual principal US funds. In its 3 years of operation FMS has produced 110% accumulatively and maintains an exceptional hit-rate of 71.44%. Because of the low-allocation computational methodology of FMS, it maintains a Sharpe ratio of 3.58.
Since the launch of FMS version 3.0 (on February 15th, 2008) it has generated an 80.1% return, bringing its monthly average gains to 7.28%. Its largest draw-down was -2.54% in July 2008 and has sustained only 3 actual trade losses of less than 3% accumulatively.
On January 9th 2009 Subjex Corporation and Farsuperior Management LLC reached a court administered settlement in the parties' litigation matters. The parties' settlement does not constitute an admission by any party of liability or wrongdoing or violation of any state or federal law, local ordinance, or principle of common law, or that any party has engaged in any improper or unlawful conduct or wrongdoing against the other, and that this is a compromise of doubtful and disputed claims. The general terms of the settlement require Subjex Corporation to issue 1.5 million common shares and pay $28,000 in 2009 to the other party.
Andrew D. Hyder, CEO of the Company, stated, "FMS v3.0 results continue to perform exceptionally well in the new year, already generating a growing revenue base and clients entering the associated hedge fund. Further, the settlement reached in litigation allows us to move forward without the burden of legal costs or distraction. I feel that FMS and Subjex are both moving forward in a positive manner and are well positioned for exciting growth and developments in 2009."
About Subjex Corporation
Based in Minneapolis, MN, USA, Subjex Corporation is an innovative artificial intelligence development and incubation company delivering solutions for business and the capital markets. One of its feature products, FMS, is a quantitative trading engine with an innovative capital appreciation strategy that maintains high-liquidity by forecasting the short-term general direction of major indices and making short-term investments on this information in advance; it provides a market directional non-correlated source of alpha typically not found in the industry. FMS has a long term proven track record, a high Sharpe ratio of 3.58 and good risk adjusted return. Neither gaining nor losing value as a result of general market trends, FMS intentionally looks for small compounded profits by exiting positions often. For more information, visit http://www.subjex.com.
This information contains "forward-looking statements" within the meaning of Section 27a of the Securities Acts of 1933 and Section 21E of the Securities Exchange Act of 1934. Management believes that the expectations reflected in such forward-looking statements are reasonable but cannot give assurance such expectations will prove correct.