MINNEAPOLIS, July 11, 2007 (PRIME NEWSWIRE) -- Subjex Corporation (OTCBB:SBJX) today announced that the Company has recently identified and implemented significant enhancements to its proprietary FMS software designed to signal and track trends in various market indices and indicators. The implementation is expected to result in more consistent trading gains and less volatility going forward. Back testing of the revised system showed significantly improved results over the record returns reported in 2006 and in the first quarter of 2007.
Andrew D. Hyder, Chief Executive Officer of the Company and the developer of the FMS Software, commented, "These revisions do nothing to change the essential nature of the software, as it still forecasts the near term direction of various market and financial indices. What they do is provide additional insight into both specific and general market trends. These trends will allow us to make more informed decisions with respect to how long to maintain certain positions and when to execute specific trades."
Hyder went on to note that FMS Software has continued to record forecast accuracy of close to 80% and that year-to-date trading performance through June 30, 2007 exceeds 15%, putting SubjexFMS results in the top 25% of asset management performance for the first half of 2007.
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 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.