SOURCE: 141 Capital, Inc.

141 Capital, Inc.

May 20, 2010 11:53 ET

141 Capital, Inc. Update on TradeTablet™

CHICAGO, IL--(Marketwire - May 20, 2010) -  141 Capital, Inc. (PINKSHEETS: ONCP) announced today the completion of a prototype of TradeTablet by its partially owned subsidiary, Wind River Development Corporation ("WRDC"); a beta test version will be completed shortly. Once TradeTablet is ready for the market, 141 will apply to the National Futures Association to become an Introducing Broker. Since management is relying upon TradeTablet to conduct business as Introducing Broker, 141 asked WRDC for an update on development progress as well as its plans for TradeTablet.com. 

As of May 14, WRDC reported that the prototype enables it to demonstrate the flexibility and power of TradeTablet to strategic allies and potential investors. A number of demonstrations have been performed. The beta version will be released shortly to up to 100 traders. Initially, basic TradeTablet software, real-time data and other services will be made available to customers of 141 Capital (upon completion of its NFA registration) and Interactive Brokers at no cost. These customers will have the ability to trade futures and futures options through 141 Capital, and a comprehensive range of investment products through Interactive Brokers such as stocks (including OTC and Pink Sheets), derivatives, options, funds and bonds listed on exchanges around the world.

Paul D. Strickland, Jr., WRDC's CEO, reported to 141 Capital that development was slowed down due to the complexity of the platform. Mr. Strickland stated, "Software development is not a perfect science. You constantly run into challenges; the development team has managed overcome those challenges. Now that we have a working prototype, WRDC can move forward and demonstrate the product. I am confident that a beta version will be available shortly." 

Errol Stone added, "After seeing a demonstration of the prototype, we can now approach strategic partners with what we believe to be a unique marketing tool."

About 141 Capital, Inc. (www.141capital.net)
141 Capital, Inc. is a publicly traded company based in Chicago. Its primary operations involve commodity trading for its own account. 141 is in the process of registering as an Introducing Broker with the National Futures Association to enable it to offer futures products to the general public. To attract customers, 141 will be utilizing TradeTablet and strategic partners' product lines.

Contact Information

  • Contact:
    141 Capital, Inc.
    Errol Stone
    312-513-4365