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Nine Mile Software, Inc: Nine Mile Software Announces Beta Release of TradeWarrior Express on the FinFolio Platform

^{Published on 2009-06-11 08:53:40, Last Modified on 2009-06-11 08:54:37 - Market Wire}
 

LAYTON, UT--(Marketwire - June 11, 2009) - [ Nine Mile Software Inc ]. (OTCBB: [ NMLE ]) is pleased to announce the Beta release of its flagship rebalancing program, [ TradeWarrior ] Express, on the[ FinFolio ] platform. The Beta release signifies that the program is feature-complete and has passed all in-house testing. Nine Mile Software will begin working with interested Registered Investment Advisory (RIA) firms to build an initial beta testing pool of five to fifteen advisory firms to further test and refine TradeWarrior in a real world environment before its final release.

Damon Deru, Nine Mile Software CEO, stated, "We are excited to announce the beta release of TradeWarrior Express. This is a major milestone for Nine Mile Software and its stakeholders. It has taken us a little longer than we had initially planned, but we felt it was important not to compromise on the quality of the software or features. We feel confident releasing TradeWarrior into the market and believe that advisors will have a favorable first impression of TradeWarrior."

Nine Mile Software's joint venture partner, FinFolio, also released the beta version of their Portfolio Accounting software at the same time. Nine Mile Software and FinFolio [ signed a Joint Venture ] in December 2008. TradeWarrior Express will ship with every copy of FinFolio that is sold as a way for advisors to test drive TradeWarrior's rebalancing technology in their practice.

Nine Mile Software recently started development of TradeWarrior Small Business, which is the upgraded version of TradeWarrior Express. The Small Business version is geared towards the small to mid-size advisory shops which make up the majority of the RIA marketplace that Nine Mile Software is targeting. Nine Mile Software anticipates releasing TradeWarrior Small Business in the 4th Quarter of 2009.

About Nine Mile Software, Inc:

Nine Mile Software was founded by former investment advisors and provides a practical real world approach to solving the [ rebalancing ] and trading needs that advisors face. TradeWarrior Express is currently in Beta release.

About FinFolio:

FinFolio ([ www.finfolio.com ]) is currently developing an open architecture portfolio accounting program designed for investment advisory and brokerage firms. FinFolio's founder, Matt Abar, has been creating software for advisors, brokers and planners for 15 years and has been successful in several technology ventures. Mr. Abar was the creator and CEO of Techfi, which established several milestones in the wealth management industry. Techfi developed the first commercially available client/server portfolio management software (Portfolio 2000), and the industry's first web-based portfolio management service bureau (AdvisorMart.com). First Trust/FISERV and Morningstar were Techfi shareholders when the company was sold in 2002 to Advent Software for $23M.