(PR NEWSWIRE) Sagamore Trading Group, Inc. Sucessfully Completes Beta-Test
Sagamore Trading Group, Inc. Sucessfully Completes Beta-Testing; to Activate
Its On-Line Trading Service at Time2Trade.Com Within 45 Days
ROSLYN, N.Y., April 13 /PRNewswire/ -- Sagamore Trading Group, Inc.
(OTC Bulletin Board: MORE: Frankfurt Stock Exchange: VON-913306) announced
today that it has successfully completed the beta testing of its online
trading system and plans to begin actual operations within 45 days.
Sagamore's Level II On-Line Brokerage Trading Services will begin actual live
operations through its already existing Time2Trade.com website by the end of
May 1999.
Andrew Gottfried, Sagamore's Vice President, commented that "We are
extremely excited with our rapid progress and immensely positive results. It
is important to us that we be able to offer our clients a state-of-the-art
Online Trading platform that is not only user friendly but, more importantly,
is as reliable as possible. We have placed a premium on our investment in
time, money and safeguards in order to feel confident that Sagamore's On-Line
Trading System is everything that our clients expect. Our test results show
that we are right on target. The overwhelming response to date on our
Learn2Trade.com website and the number of clients that have contacted us about
setting up new accounts is immensely gratifying. We know we are on track to
exceed our initial expectations in a very short time."
Sagamore Trading Group, Inc. is an aggressive, growth oriented company
primarily focused upon the development and investment in managing and
developing systems in the investment and day-trading of various public stock
equities by supplying and coordinating the equipment, computer hardware and
software, as well as training which enables qualified individuals to practice
what has come to be known as the "day-trading" of securities. "Day-trading"
can be characterized as the trading of securities according to various
criteria or "systems", the goal of which is to profit from the short-term
fluctuations in various stock positions within the U.S. equity marketplace.
All statements contained herein (other than historical facts) are based
upon current expectations. These statements are forward looking statements in
nature and involve a number of risks and uncertainties, including but not
limited to economic, competitive, governmental and technological facts
affecting the Company's operations, markets, products and prices, as well as
other factors. Actual results may differ materially from the anticipated
results or other expectations expressed in the Company's forward looking
statements. Generally, the words "anticipate", "believe", "estimate",
"expects", "plan", and similar expressions as they relate to the Company
and/or its management, are intended to identify forward looking statements.
SOURCE Sagamore Trading Group, Inc.
-0- 04/13/99
/CONTACT: Andrew Gottfried of Sagamore Trading Group, Inc., Investor
Relations 516-621-3652/
(MORE)
CO: Sagamore Trading Group, Inc.
ST: New York
IN: FIN CPR
SU:
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