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News on product launch expected in next week.
Spooz, Inc. is a financial technology solutions company specializing in the futures, options and stocks market place. Spooz has developed unique and proprietary software for high volume professional traders, hedgers, and lower volume personal trading use. SpoozToolz, the company’s flagship software product, has proven to be readily accepted, profitable, and timely by market users. SpoozToolz has 3 patents pending. Spooz will derive its revenue through subscriptions and technology licensing. Spooz has developed SpoozToolz™, the industry's first professional grade, comprehensive futures and options solution. SpoozToolz is a Microsoft® Excel add-on software that empowers Excel to perform trading functions with live streaming data.
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not sure how to post charts here but this thing was trading over .04 in November...looking like it is headed back over .02 shortly...
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SpoozCTS(TM) Trading Platform Marking the Beginning of Revenues from its Family of Trading Solutions Tuesday November 1, 9:43 am ET
CHICAGO--(BUSINESS WIRE)--Nov. 1, 2005--Spooz, Inc. (OTC: SPZI - News) 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.
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® (NASDAQ: MSFT - News) 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.
-------------------------------------------------------------------------------- Contact: Spooz, Inc. 312-379-3166 www.info*spooz.com www.spooz.com or Investor Relations: The Investor Relations Company Brien Gately, 847-296-4200 bgately*tirc.com
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he got that stuff from stockster.com I saw that last night but that is different than what I consider a dangerous group play. There is plenty of room for healthy profit for all.
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volume way up shares being bought, If company goes thru with release of the new trading platform this is going to fly. was in this when stockster ran it the last time
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Hey Lil, you in this one by yourself????? Care if I join in? (LOL) Got in right after the bell this morning as well. So I'm happy!!! DD real quick and it looks good for a continuous up hill climb....
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Here is a few posts I found on rb board, not sure how true it is but this is it: ALL!! READ THIS!! met with Strickland last evening at Ceres, the local trader's watering hole in the lobby of the Board of Trade. I have known him for years as we both hung our hats at Petco/Peters back in the day. As I recall, he was a spreadsheet freak then.
Anyway, he had a wireless notebook with him and offered to show me his product. I expected to see an Excel trading template and, truthfully, I could not envision an Excel trading product that would have the market potential he believed it did. He changed my mind.
I was very impressed by the design. He said that they had two rules for the design. One was to keep it simple, the other was to remain true to Excel functionality. This product is no template. Instead, it extends the functionality of Excel. When you first open it up, it is just a blank spreadsheet...he called it a "canvass for trading art."
Now we get to the part where I was stunned. He built this table (in about 3 seconds) that defined trading buttons and then used a few formulas and the macro recorder to build a simple automated trading system. He showed me some tricks that made the buttons transmit limit orders on the current bid, adjust volume automatically according to short-term volatility, trade spreads, and construct an order tree that had multiple order types including simple formulas for OCO orders. All together, I think the order chain was 15 orders. It was completely automated, but he could manually intervene.
One of the coolest features of the product is the technical analysis tools. You can just insert technical indicators (it seemed like there were about 100 of them) into a spreadsheet column that returned their values. He created a simple moving average cross-over system with an "If" statement, and then automated it. We traded the e-mini for over an hour.
I asked him why he didn't just go to the market with this product now because it worked flawlessly. He said that the product would be launched in March, but not before some additional patents were filed and customer support was staffed. He also said that writing the user documentation was tough because the the product was integrated so nicely into Excel that, like Excel, there were so many ways to accomplish the same thing.
He also told me that when the product is launched it would connect to several brokers and execute trades on 34 different exchanges. I can tell you that this product is the most creative effort I have seen since the Schwartzatron (mid-1980s). It is truly an original idea.
Anyway, I am writing this to you because he asked me to tell a few traders who might be interested in the product. I told him that I was not only extremely interested in the product but in his stock. I have an appointment to go talk with him next Tuesday after the close.
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