MINNEAPOLIS, April 27, 2007 (PRIME NEWSWIRE) -- Subjex Corporation (OTCBB:SBJX) today announced that the Company's auditor has verified that SubjexFMS software enabled the funds mirroring the Company's trades to record gains of 11.05% for the first quarter of 2007, ended March 31, 2007.
Company officials noted that similar results, combined with the compounding effect of the Company's trading disciplines would allow the Company to report results not dissimilar to the 70% gains reported for the twelve months ended December 31, 2006.
The results for the quarter compared to a decline of 0.9% for the Dow Jones Industrial Average and average gains of 2.1% for the 7,977 U.S. diversified stock funds tracked by Lipper, Inc.
SubjexFMS is an intelligent software product that 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. SubjexFMS is not a Mutual fund or a brokerage service; it is software that is available to clients by subscription. 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 and recorded GIPS audited results of 70.8% for the period ending December 31, 2006.
Based in Minneapolis, Minnesota, USA, Subjex Corporation provides innovative Artificial Intelligence Development for the Capital Markets and its investors. 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.