MINNEAPOLIS, April 25, 2007 (PRIME NEWSWIRE) -- Subjex Corporation (OTCBB:SBJX), a Minneapolis-based company that designs, develops and deploys artificial intelligence for the capital markets and for e-commerce applications, announced today that it has been granted permission to trade its shares on the Third Market Segment of the Frankfurt Stock Exchange. The Frankfurt trading symbol will be "KM9".
Subjex Corporation CEO, Andrew Dean Hyder commented, "We are very pleased to have been approved for trading on the Frankfurt Stock Exchange. The Frankfurt Exchange will make obtaining our shares less problematic for interested German and European investors and will provide all of our stockholders with enhanced liquidity.
"Additionally, we are striving to broaden our corporate visibility in Germany and expand our corporate image to a broader investor community in the EU. We believe that the Frankfurt Stock Exchange listing will assure that our compelling story will now reach a much larger European investor audience," Hyder concluded.
The Frankfurt Stock Exchange:
The FWB Frankfurter Wertpapierborse is the world's third largest organized Exchange-trading market in terms of turnover and dealings in securities. It accounts for more than 75 percent of the total securities turnover in Germany and is therefore the most important of the eight German stock exchanges. The public guarantor of the FWB is the Deutsche Borse AG whose duty it is to ensure the full viability of trading in securities. With the support of state-of-the-art computer-based trading, processing and information systems the Frankfurt Stock Exchange has been able to keep pace with the ever-increasing demands of the international stock market business. There is a full spectrum of computerized security trading available through Xetra(R) in addition to the traditional floor trading. Xetra(R) was established in November 1997 and has enabled the FWB to consolidate its existing competitive edge and create an attractive framework for international investors and market participants. The cosmopolitan atmosphere Frankfurt enjoys is demonstrated in the membership structure of the stock market where more than 70 foreign banks and financial service companies are counted among the total of more than 330 members.
About Subjex Corporation:
Subjex Corporation offers SubjexFMS intelligent software for investors. The software forecasts the DJIA, the XAU the DJT and the U.S. Dollar so that subscribers, when "plugged into" the software via their own proprietary mutual fund account, can find capital appreciation. The forecasting engines' objective is to provide accurate next day forecasts, long or short, allowing the system to take market neutral profits via short term trades. The software's forecasting accuracy is in excess of 80%. SubjexFMS is not a Mutual fund or a brokerage service; it is software that is available by subscription. SubjexFMS began trading real money in real time in February of 2006 and recorded GIPS-audited results of 70.8% for the period ending December 31, 2006 and results of over 11% for the three months ended March 31, 2007. For more information visit the website at 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 the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct.