Spooz Launches SpoozCTS(TM) Trading Platform Marking the Beginning of Revenues from its Family of Trading Solutions
November 01 2005 - 8:43AM
Business Wire
Spooz, Inc. (OTC: SPZI) announced today the launch of SpoozCTS(TM),
a lightning fast, fully featured order entry, trade execution, and
position and order lifecycle management platform. With a single
click of a customer's mouse a trader can execute a multiplicity of
order types via the new "T4" market engine. SpoozCTS(TM) provides
unparalleled functionality and ease of use for professional
derivatives traders as well as retail futures speculators. Paul
Strickland, CEO and founder of Spooz, Inc., stated that the
significance of SpoozCTS is that it demonstrates the back-end
execution technology for SpoozToolz, which is scheduled to be
launched in January 2006. "When SpoozCTS(TM) and SpoozToolz(TM) are
combined, Spooz will have the most powerful, flexible and easy to
use platform ever developed for its marketplace." "The first block
of Spooz's technology infrastructure and multi-faceted revenue
model is in place," Strickland added, "The launch of SpoozCTS(TM)
marks the beginning of the transition from Spooz being in the
developmental stage to a revenue producing, growth stage Company."
Spooz's revenue model identifies a multiplicity of revenue streams
including transactions from trade execution, subscriptions for
trading decision support tools, subscriptions for industry specific
hedging templates, and subscriptions for algorithmic (automated)
trading systems. A trial version of SpoozCTS(TM) is available at
www.spoozcts.com. About Spooz, Inc. Spooz, Inc., a publicly traded
company based in Chicago, provides a suite of solutions designed to
simplify financial trading for traders and hedgers alike.
SpoozCTS(TM), SpoozToolz(TM) and its modules, the Company's
flagship products, add built-in trading capabilities to the popular
Microsoft(R) (NASDAQ: MSFT) Excel software application, combining a
customizable interface, streaming quotes, charts, technical
analysis, a comprehensive historical database, and electronic trade
execution into a simple add-in that becomes part of the Excel tool
bar. This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act of Forward-Looking
Statements: This news release may contain forward-looking
statements as defined by the Private Securities Litigation Reform
Act of 1995. These statements present management's expectations,
beliefs, plans and objectives regarding future financial
performance, and assumptions or judgments concerning such
performance. Any discussions contained in this release, except to
the extent that they contain historical facts, are forward-looking
and accordingly involve estimates, assumptions, judgments and
uncertainties. There are a number of factors that could cause
actual results or outcomes to differ materially from those
addressed in the forward-looking statements.
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