SOURCE: Subjex Corporation

January 09, 2007 08:00 ET

Subjex Corporation to Have SubjexFMS Results Audited

Decision Part of Planned Initiative to Attract Institutional Investments; Year 2006 Trade Gains Stand Over 70%

MINNEAPOLIS, MN -- (MARKET WIRE) -- January 9, 2007 -- Subjex Corporation (OTCBB: SBJX) today announced that it will have the investment returns generated by its Forecast Market Software ("SubjexFMS") audited on a regular basis and provide the results of those audits on its website: www.subjex.com. The company expects that the initial audit will cover the period ended 12/31/06.

Andrew Dean Hyder, Chief Executive Officer of the Company, stated, "Right now we are on track to exceed our goal of having $1 million in funds mirroring our trades as of February 1, 2007. Those investors who have mirrored our trades have found our system to be one of the most transparent ever designed. However, in order for us to attract institutional dollars we will need to have our results audited on a regular basis. We are excited to begin this process and expect to name the firm selected for this engagement in the next 30 days or so. There is no question that we have attracted a great deal of interest among institutions. The audit is a part of an overall plan to significantly build the dollars mirroring our trades from large institutions."

SubjexFMS is an intelligent software product that forecasts the DJIA so that subscribers, when "plugged into" the software, can find capital appreciation. The forecasting engine's 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. SubjexFMS began trading real money in real time in February of 2006. A subscription started then with $50,000 in mirrored trades would have been worth $82,615.00 as of December 1, 2006.

Based in Minneapolis, Minnesota, USA, Subjex Corporation is an innovative Artificial Intelligence Development Company. The products SubjexCSR and SubjexME facilitate meaningful text-based humanlike conversations with website visitors and students, while SubjexFMS forecasts the DJIA with a current accuracy of over 80%. For more information and to try the technology for free visit the website at http://www.subjex.com or call 952-931-0501.

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