141 Capital (OTCPK: ONCP) announced today that it has entered into a license agreement with Wind River Development Corporation ("WRDC") to develop a new trading platform technology.
As part of the product development and specific to the company's license agreement with WRDC, 141 sublicensed its recently announced Spooz, Inc. technology to WRDC. In return, 141 will have the exclusive license of the trading platform for the trading of futures and their attendant options. Coupled with 141 becoming an Introducing Broker, 141 management stated it believes the company will generate significant commission revenues.
Additionally, to secure proprietary rights and position the company strategically for future technological development revenues, 141 management noted that it is actively pursuing an equity position in WRDC.
Errol Stone, 141's CEO asserted, "The development of the trading platform is officially now underway. We cannot overstate our excitement with these developments; furthermore, we project the prototype to be available for beta testing in 90 days or sooner."