Market Technologies 2005 4th Quarter Revenue
Company News and Press Releases
Market Technologies Announces Record 2004 Revenue and Plans to Build a New Office
Wesley Chapel, FL, February 1, 2005 — Louis B. Mendelsohn, President and Chief Executive Officer, reported today that Market Technologies, a privately held, Inc. 500, trading software company, achieved record annual revenue for the fifth consecutive year. On a year-over-year basis revenue for 2004 was 28% higher than 2003 revenue and nearly eight times 1999’s revenue, while 4th Q 2004 revenue was up 18% over the same period in 2003. Additionally, in December, 2004 Market Technologies realized its highest monthly revenue in company history.
According to Mr. Mendelsohn “2004 was a fantastic year” for Market Technologies in many respects as its flagship software program, VantagePoint Intermarket Analysis Software, continued to gain increasing worldwide acceptance as the premier market trend forecasting tool available, utilizing intermarket analysis. “While continuing to expand our trading software customer base at an outstanding rate of growth both domestically and internationally, we were also able to plan and initiate several important projects involving product R&D, infrastructure enhancements, and increased support staff, necessary to set the groundwork for even greater growth in 2005”, according to Mr. Mendelsohn.
Last year, in anticipation of the company’s continued success over the next five years and longer, Mr. Mendelsohn was involved in the purchase of a two-acre commercial parcel of land less than a mile from the company’s current office location and commissioned the architectural design of a new, state-of-the-art, office building to be occupied by Market Technologies and the Predictive Technologies Group. Ground-breaking for the new office building should take place in mid-summer of 2005, depending upon the attainment of needed governmental permits, with occupancy most likely by the end of the first quarter of 2006.
About Market Technologies Headquartered in Tampa Bay since it was founded in 1979 by Mr. Mendelsohn, with software customers in over fifty countries worldwide, Market Technologies develops proprietary trend forecasting and market timing technologies that utilize intermarket analysis to forecast various financial and commodity markets, including interest rates, stock indexes, currencies, energies, metals, grains, meats, and softs, covering a total of 43 financial futures and commodities markets.
