SOURCE: Subjex Corporation

March 01, 2007 18:50 ET

/ CORRECTION - Subjex Corporation

MINNEAPOLIS, MN -- (MARKET WIRE) -- March 1, 2007 -- In the news release "Subjex Corporation FMS Software Records February Trade Gains of 5.8%; 2007 Y-T-D Trade Gains Now Stand at 8.6%" issued earlier today by Subjex Corporation (OTCBB: SBJX), we are advised by the company that the headline should read "Subjex Corporation FMS Software Records February Trade Gains of 5.8%; 2007 Y-T-D Trade Gains Now Stand at 9.4%" rather than "Subjex Corporation FMS Software Records February Trade Gains of 5.8%; 2007 Y-T-D Trade Gains Now Stand at 8.6%" as originally issued. Additionally, the first sentence of the first paragraph should end with "and gains of 9.4% for the first two months of the year" rather than "and gains of 8.6% for the first two months of the year." Complete corrected text follows.

Subjex Corporation FMS Software Records February Trade Gains of 5.8%; 2007 Y-T-D Trade Gains Now Stand at 9.4%

Addition of Precious Metals Forecasting Engine Contributes to Strong February Performance

MINNEAPOLIS, MN -- March 1, 2007 -- Subjex Corporation (OTCBB: SBJX) today announced that its SubjexFMS software enabled the funds mirroring the Company's trades to record gains of 5.8% in the month of February and gains of 9.4% for the first two months of the year. Additionally, February 28, 2007 was the one-year anniversary of the launch of the Company's SubjexFMS software product and it marked a period in which the gains totaled 85.6%. Earlier this month, the Company announced that its independent auditor, Ronald N. Silberstein, CPA, PLLC, verified the Company's 70.8% gains in calendar year 2006 in accordance with Global Investment Performance Standards ("GIPS"). The 2006 gains were from February 28, 2006 through December 31, 2006.

Andrew D. Hyder, Chief Executive Officer of the Company, stated, "Given the recent extreme volatility of the market, we have received many calls from the media and other interested observers as to how our software performed. We are pleased to say that SubjexFMS provided us accurate forecasts and our trading discipline enabled us to execute profitable gains during a very volatile and uncertain market environment."

Hyder also noted that certain of the gains at month-end were due to the Company's new engine that is now forecasting the Philadelphia Gold and Silver Index ("XAU").

SubjexFMS is an intelligent software product that forecasts the DJIA, the XAU and the DJT so that subscribers, when "plugged into" the software, can find capital appreciation. The forecasting engines' objective is to provide accurate next day forecasts, long or short, allowing the system to take market neutral profits via short term trades. SubjexFMS is not a Mutual Fund or a brokerage service; it is software that clients subscribe to; allowing them to automatically plug into the trades the system makes for itself. SubjexFMS is based upon a proprietary Artificial Intelligence trade timing engine invented by Andrew Dean Hyder.

Based in Minneapolis, Minnesota, USA, Subjex Corporation provides innovative Artificial Intelligence Development for the Capital Markets and its investors. For more information visit the website at www.subjex.com.

This news release 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. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct.

Contact Information

  • For more information contact:
    Subjex Corporation
    Andrew D. Hyder
    C.E.O.
    866-777-0052
    952-931-0501
    Email Contact

    MeritView Partners LLC
    William P. Bartkowski
    612.605.8616
    Email Contact