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141 Capital Inc. Extends Deadline for Shareholders to Turn in Common Stock to Participate in Preferred Stock Exchange

Posted on: Monday, 1 December 2008, 07:31 CST

CHICAGO, Dec. 1 /PRNewswire-FirstCall/ -- 141 Capital Inc., (Pink Sheets: XXIS) announced that the Company is extending its preferred stock exchange offer for its shareholders to convert their Company common stock for shares of Company preferred stock. For every 1,000 shares of common stock turned into the Company during the exchange, shareholders will receive one share of preferred stock valued at $1.00 per share.

Shareholders must turn in a minimum of one million shares of common stock to qualify and take part in the exchange offer. The deadline for accepting the offer and delivery of physical certificates to the Transfer Agent has been extended to close of business, December 31, 2008. No conversion of the preferred stock to common stock can occur until after the preferred stock has been held for at least three months from the date of the new certificate. Thereafter, shareholders may convert preferred stock into common stock.

"We have had an overwhelming response from shareholders on the exchange. We have decided to extend the date to allow a greater number of shareholders to participate," stated CEO Errol Stone. "We have been informed that shareholders have the right to obtain their Company stock certificates from their broker which should not take more than three weeks."

For more information on the exchange, visit the Company's Web site: http://www.141capital.com

About 141 Capital Inc.

141 Capital, Inc. is a publicly traded company based in Chicago. It utilizes electronic trading systems for trading financial products listed on the world's derivatives exchanges, including foreign exchange futures and options (mostly on the Chicago Mercantile Exchange), equity index futures and options worldwide, energy futures and options, grain futures and options and fixed income futures and options.

SOURCE 141 Capital Inc.

Source: PR Newswire

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