MINNEAPOLIS, Sept. 22, 2008 (GLOBE NEWSWIRE) -- Subjex Corporation (OTCBB:SBJX) today provided an update with respect to its business strategy, version three of Forecast Market Software (FMS), and confirmation of recent FMS results. The FMS technology from February 15th through September 22nd 2008 has produced gains now totaling 22.6%, results that continue to provide significant momentum for the Company's institutional initiatives.
As evidence of the successful expansion of FMS, the Company recently signed an agreement with an undisclosed hedge fund which intends to use FMS v3.0 exclusively as its investment mechanism. This is a stark repositioning for the company away from a software subscription service to a fund management model, which will direct the investment activities of institutional investors. Details of the agreement were not disclosed.
Andrew D. Hyder, CEO of the Company, stated, "FMS v3.0 results continue to perform exceptionally well despite the volatility of the current markets. With an audited track record that has averaged over 6.5% per quarter for almost three years, FMS is well positioned for institutional activity. The commitments and relationships we now have give evidence to this. Further, Subjex Corporation has learned that the best method for marketing its technology expertise is by partnering with industry experts who already have strong market positions. We expect the Company to accurately reflect the value of not only its FMS technology but its other technologies in incubation as well."
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 many products, FMS, is a quantitative trading engine with a long term proven track record, a high Sharpe ratio of 2.67 and good risk adjusted return. FMS is market neutral, carries a Beta coefficient of zero and as such neither gains nor loses value as a result of general market trends. FMS trades large indices and intentionally looks for small gains, taking 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.