MINNEAPOLIS, March 29, 2007 (PRIME NEWSWIRE) -- Subjex Corporation (OTCBB:SBJX) today announced that it has developed a new forecasting engine powered by its SubjexFMS Software. Now, in addition to forecasting the Dow Jones Industrial Average ("DJIA"), the Philadelphia Gold and Silver Index ("XAU") and the Dow Jones Transportation Average ("DJT"), SubjexFMS is now forecasting the daily close of the value of the United States dollar. This new forecasting engine now gives software subscribers another opportunity to maximize trading gains. As with the other forecasting engines, subscribers will use two Rydex Funds, the Dynamic Strengthening Dollar Fund and the Dynamic Weakening Dollar Fund, to invest both long and short, depending on the forecast.
Andrew Dean Hyder, Chief Executive Officer of Subjex Corporation, stated, "We are pleased to make today's announcement and to add another facet to our unique Company and exciting business model. As with our other engines, we anticipate that our forecast accuracy will be nearly 80% on a consistent basis."
Hyder went on to note that the Company plans to continue to research, design, develop and deploy additional forecasting engines going forward. "We are only limited by the quality and quantity of data available to build and test our models."
SubjexFMS is an intelligent software product that forecasts the DJIA, the XAU, the DJT and now the U.S. Dollar, so that subscribers, when "plugged into" the software, can find capital appreciation. The forecasting engines' objective is to provide accurate next day forecasts, allowing the system to take market neutral profits via short term trades. SubjexFMS is not a Mutual fund or a brokerage service; it is a software system that clients subscribe to, allowing them to automatically plug into the trades the FMS makes for itself. SubjexFMS is based upon a proprietary Artificial Intelligence trade timing engine invented by Andrew Dean Hyder. The Company reported audited trade gains in 2006 of 70.8% and recently announced its intention to register with the SEC as an investment adviser and initiate a broad, national advertising campaign.
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.