SOURCE: Subjex Corporation

May 06, 2008 15:43 ET

Subjex Corporation's FMS Operations Stabilize and Gain Momentum for Its Collateral Trust Bond Offering Business Strategy

FMS Provides Investment Returns in Excess of 10% for March and April

MINNEAPOLIS, MN--(Marketwire - May 6, 2008) - Subjex Corporation (OTCBB: SBJX) today provided an update with respect to its Forecast Market Software (FMS) technology and previously disclosed bond initiative. The update signals a repositioning of the FMS business model from a software subscription to a money management discipline that will direct the investment activities to be undertaken with bond proceeds. Subjex's FMS technology provides quantitative market intelligence and in March and April 2008, produced gains of 7.5% and 2.6%, respectively; results that are providing significant momentum for the launch of the Subjex Corporation Collateral Trust Bond (SCCTB), which is expected to return a fixed 7% interest plus a performance incentive based on quarterly returns generated by FMS.

Andrew D. Hyder, CEO of the company, stated, "Our recent results validate the changes in FMS that we announced in 2007 and further enhanced this year. Despite the volatile market of the past 75 days, we have achieved positive results and consistently profitable trades. We have identified a large market for our SCCTB. As a result we intend to phase out the former FMS business model for the new bond offering."

The bond is expected to give qualified buyers a collateralized investment vehicle, an above market coupon and a bonus return based upon the FMS market gains earned on bond proceeds. It also provides Subjex a robust vehicle to raise institutional investment funds from entities seeking to achieve positive market returns with minimal volatility and benefit from an algorithmic, market neutral forecasting tool.

"The software was redesigned to 'dial back' the volatility draw-downs and garner more conservative funds while providing greater stability. We have now accomplished that goal with 21 of the last 21 FMS trades generating positive profitable returns," Hyder noted.

About Subjex Corporation

Based in Minneapolis, Minn., USA, Subjex Corporation is an innovative artificial intelligence development company delivering solutions for business and the capital markets. For more information, visit http://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 expectations reflected in such forward-looking statements are reasonable, it can give no assurance such expectations will prove correct.

Contact Information

  • Contact:
    Subjex Corporation
    Andrew D. Hyder
    CEO
    612-827-2203