SOURCE: Umoo Inc.

Umoo Inc.

September 15, 2009 08:00 ET

UMOO Fantasy Stock Trading Platform Eclipses Two Million Trades in First Nine Months of Beta

Skill-Based Tournaments Have Earned Over $500,000 for Top 100 Players in Largest, Fastest-Growing Fantasy Stock Exchange in the World

NEW YORK, NY--(Marketwire - September 15, 2009) - UMOO, the largest and fastest-growing fantasy stock exchange in the world, today passed two million stock trades on its real-time virtual stock trading platform. Since its beta launch in December 2008, UMOO has gained broad appeal among an array of stock market enthusiasts as well as fantasy sports enthusiasts and casual gamers alike.

An innovative real-time gaming platform that mixes real stock market data with the ability to compare one's performance against other players (and not just the market), UMOO offers fast-paced competitive tournaments with real money prizes, yet without risking anything other than their entry fees (similar to a chess tournament).

Think you can outguess the market? UMOO players have consistently outperformed the S&P 500 and the best and brightest UMOO competitors have won more than $500,000 with their stock picks. In fact, the top player on UMOO has earned more than $75,000 without risking anything more than entry fees from $2 to $50. Perhaps he's ready now to have his own talk show!

"UMOO lets players experiment first in learning mode for free," said Yariv Kafri, Executive Vice President. "Then, as they see their picks win virtual money, they are ready to put up a small entry fee and compete against other players. This platform is both fun and entertaining and lets users play the stock market for free or for the cost of a small entry fee, before they decide down the road to commit tens of thousands of dollars to the real stock markets."

About UMOO

Umoo is a fantasy stock trading platform, offering players around the world the ability to experience the thrills of real-time stock exchange trading for fun or profit, while minimizing risk by allowing the users to play against each other and not the market itself. With accounts available by subscription and a pay-as-you-play option, users can choose from a variety of tournaments to compete in or to create new tournaments with friends. UMOO is based in Israel with US headquarters in New York. To play the game, please visit http://www.umoo.com.

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