September 25, 2007 - 9:24 AM EST
Spooz to Sponsor Launch of 141 Capital, Inc.
Spooz, Inc. (OTC: SPZI), announced today its intention to sponsor the formation and public listing of 141 Capital, Inc (141) in cooperation with Kauderer International Partners. Kauderer International Partners will serve both Spooz, Inc., and 141 Capital as their chief financial consultant. It is anticipated that 141 Capital, Inc. will be listed on the Pink Sheets and will seek listing on the Deutsche Börse exchange in Germany this year.
141 Capital, Inc. will occupy offices at the Chicago Mercantile Exchange to take advantage of superior exchange connectivity enhancing its ability to trade SWARM, under an exclusive futures and derivatives trading license granted by Spooz. The business of 141 Capital will be to manage accounts under registrations with the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) as a Commodity Trading Advisor (CTA) and Commodity Pool Operator (CPO). 141 will complete applications for registrations as soon as 141 commences trading operations early in the fourth quarter 2007.
The Spooz sponsorship arrangement includes consideration equal to 120 million common shares of 141 Capital, Inc. âThe sponsorship of 141 provides us with the opportunity to increase value for Spooz shareholders through the companyâs strong participation in two public companies,â stated Paul Strickland, CEO of Spooz. âBecause the two companies have two distinctly different business models that are in no way dependant upon one another, part of the value to our shareholders is in the reduction of non-systematic market risk associated with the price of a single companyâs shares. This new structure provides diversification of Spooz interests helping shareholders to mitigate certain risks associated with owning Spooz shares.â
Forward Looking Statements
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.
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. SpoozToolz⢠and its modules, the Company's flagship products, 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.
About 141 Capital, Inc.
The mission of 141 Capital, Inc., is to profit through systematically increasing trading capital through the deployment of a continually developing portfolio of alternative managed investment products that provide superior returns for strategically selected investor segments.
Spooz, Inc.
Darryl Dennis, CMO
(312) 379-3166
info@spooz.com
www.spooz.com
www.spooztoolz.com
or
141 Capital, Inc.
Errol Stone
estone@141capital.com
www.141capital.com
Source: Business Wire (September 25, 2007 - 9:24 AM EST)