141 Capital, Inc. Update on TradeTablet(TM)

141 Capital, Inc. (PINKSHEETS: ONCP).

141 Capital is anticipating the completion of TradeTablet by its partially owned subsidiary, Wind River Development Corporation ("WRDC"), and will then apply to the National Futures Association to become an Independent 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 January 23, WRDC reported that it has reviewed weekly development releases of TradeTablet by its developer Cosecant since early in the fourth quarter 2009. TradeTablet includes two components; a fully functional spreadsheet-based electronic trading platform and a social networking website accessible at www.tradetablet.com upon the product's release. 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 is progressing nicely and although behind schedule, a beta version will be available in March 2009. "The electronic execution platform has reached the point where the product is stable and performance is well within design specifications, something that could not be accomplished utilizing many spreadsheet applications due to inherent design limitations." Mr. Strickland also reported that design work for the social networking web site has been completed.

Errol Stone added, "We are excited about some of the unique features that our trading customers will enjoy, such as the ability to join a moderated group, view real-time data and systems inside the group's facility on TradeTablet.com, and actually execute trades from a chat room environment. In addition, 141 customers will have the ability to develop or subscribe to trading systems that will execute trades for their account, or test trading strategies from a simulated trading environment where there is no risk."

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 IB's product line.

Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

141 Capital, Inc. Errol Stone 312-513-4365

141 Capital (GM) (USOTC:ONCP)
Historical Stock Chart
From Jan 2025 to Feb 2025