Spooz, Inc. (OTC: SPZI) is excited to announce the formation of a proprietary trading division to generate additional revenue for the company. The new division will employ Fractalz3� technology, acquired in the Tetrahex merger last year, to exploit short-term market anomalies using statistical arbitrage models. The Statistically Weighted Arbitrage Recognition Model (SWARM) trading methodology is based upon quantitative trading approaches that involve �Bivariate Normal Probability Distributions�, and �Co-integration Theory�. The algorithms within SWARM provide a real-world application for modeling statistical arbitrage while maintaining a robust framework. Executed on Spooz�s signature SpoozToolz� software, SWARM is a combination of high-frequency proprietary arbitrage models that exploit local and spatial price discovery. Its unique weighted components allow for �dynamic� co-integration balancing between multiple correlated markets. Because its success is based on the automation of quantitative strategies, SWARM�s trading performance is not dependent on any specific market direction, but rather on precise micro-second calculations to identify opportunities as they arise. SWARM seeks to deliver risk-adjusted returns within 10 % of top money managers. Trading is scheduled to begin April 1st. �I am pleased that Spooz�s proprietary trading creates significant shareholder value, but more importantly, as proof of the viability of Fractalz3 and the SpoozToolz platform,� declares Spooz CEO Paul Strickland. �Our ability to provide a track record to the global market disclosing the results of this effort will be unique in the industry. We expect SWARM to generate at least $14.7 million in revenue for calendar 2010 with negligible drawdown. This is a projection, but considering minimal risk to capital and our revolutionary trading technology, proprietary trading becomes an integral part of Spooz business and will serve as a demonstration of our ground-breaking initiatives.� 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. Its flagship product, SpoozToolz� and its modules, add built-in trading capabilities to the popular Microsoft� 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. www.Spooz.com www.spooztoolz.com www.fractalz3.com Safe Harbor � NO ASSURANCES CAN BE GIVEN THAT ANY PROJECTIONS WILL BE REALIZED. This press release includes forward-looking statements that involve risks and uncertainties, including, but not limited to, product delivery, the management of growth, market acceptance of certain products and other risks. These forward-looking statements are made in reliance on the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect Spooz, Inc. future results, please contact the Company directly. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially from management expectations.
Spooz (PK) (USOTC:SPZI)
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