MINNEAPOLIS, April 30, 2007 (PRIME NEWSWIRE) -- Subjex Corporation (OTCBB:SBJX) (Frankfurt:KM9) announced today that it has passed the $5 million mark with respect to the amount of subscriber money now mirroring the trades of its SubjexFMS software. The Company had set $5 million as its goal to be reached in the month of April 2007.
Subjex Corporation CEO, Andrew Dean Hyder commented, "We are pleased to have hit this important goal and hope to see the dollar amount growing significantly between now and year end. The continued strong performance of the software and the addition of new forecasting engines have been among the reasons for reaching the current goal. We expect that our growing visibility and enhancements to our software technology will drive future growth."
About Subjex Corporation:
Based in Minneapolis, Minnesota, USA, Subjex Corporation provides innovative Artificial Intelligence Development for the Capital Markets and its investors. The Company has developed and 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 GIPS-audited results of 11.05% for the three months ended March 31, 2007. For more information visit the website at 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 the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct.