Full press release here.

Layton, UT (July 28, 2010) Nine Mile Software, Inc., a financial services software company, today announced the release of TradeWarrior Small Business version 1.0.

TradeWarrior is a portfolio rebalancing and trading tool designed specifically for the growing Registered Investment Advisory (RIA) marketplace.  It greatly reduces the time it takes an RIA firm to trade and rebalance their book of business.

Damon Deru, CEO of Nine Mile Software, Inc. stated, “We are excited to release TradeWarrior into the market today.  This culminates over two and a half years of commercial development on the software.  TradeWarrior offers a new level of functionality and affordability for advisors.”

“TradeWarrior has been developed, refined, and used successfully by advisors and back-office traders to quickly rebalance client accounts in a rules-based manner,” said Ryan Sullivan, CTO of Nine Mile Software.  “TradeWarrior’s low cost, intuitive user interface and stellar performance will help bring a new level of ROI to the rebalancing software market.”

Some of the Key Features of TradeWarrior include:

• Ability to run the program on your desktop or an Internet browser.
• Household (multi-account) based rebalancing.
• Easily manage client cash withholdings and distributions.
• Supports all major custodians, namely, Charles Schwab, Fidelity, TD Ameritrade and Pershing.
• Includes multiple Model types such as Security Specific, Asset Class, and Model of Model target allocations.
• Dynamic account filtering and grouping.
• Built-in “Errors and Alerts” system warns of potential problems.
• Software rebalances thousands of accounts in minutes.

“I’d like to personally thank all the stakeholders who have believed in us from the beginning,” said Damon Deru, CEO.  “I’d also like to thank our users and beta testers who have provided invaluable feedback and direction on the program.  Lastly, I’d like to thank the employees of Nine Mile Software who have put in a lot of hard work and long hours to make this happen.”

If you are an advisor and would like to schedule a half hour demo of TradeWarrior, please call (888) 660-6568 ext 1.

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 Small Business is the first commercially released software from Nine Mile Software.  You can learn more about the company on its website at www.ninemilesoftware.com.

“SAFE HARBOR”

This press release contains forward-looking statements. The words “estimate,” “possible” and “seeking” and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.

Management Contact:
Nine Mile Software, Inc
Damon Deru, CEO
888-660-6568 x201

With the sponsorship, Nine Mile Software was able to set up a trade show booth to demonstrate their flagship rebalancing program, TradeWarrior. This gave them the opportunity to talk with and demonstrate the abilities of TradeWarrior to investment advisors, brokers, and other software vendors.

Damon Deru, the CEO of Nine Mile Software, noted, “We were pleased to have had the opportunity to be one of the sponsors of the 2009 VON Conference. The VON Conference is unique because it is the only conference in our industry that is focused solely on technology. Many conferences this year have seen a sharp downturn in attendance due to the economy, but the VON conference had its highest attendance ever. We felt it was the best place to unveil TradeWarrior to the investment advisory market. We identified many potential beta testers along with some possible vendor partnerships at the conference, and overall we were well received.”

A short interview with our CEO was posted on the VON conference website, which can be seen here: http://t3conference.blogspot.com/2009/02/trade-warrior-video-clip-t3-conference.html

In preparation for the conference, we revamped our main Nine Mile Software website (www.ninemilesoftware.com) and launched a companion product-specific website for TradeWarrior (www.mytradewarrior.com). This new website will be solely dedicated to marketing our flagship program, TradeWarrior, whereas the main Nine Mile website will be dedicated more for corporate purposes.

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 is currently in development with their first release scheduled for 2nd Quarter 2009.

Layton, UT- February 10, 2009 – Nine Mile Software, Inc. (OTCBB: NMLE) is pleased to announce the release of the alpha version of TradeWarrior Express.  TradeWarrior Express is the plug-in rebalancing program developed by Nine Mile Software that will ship with every copy of FinFolio that is sold.  Nine Mile Software recently announced a Joint Venture Agreement with FinFolio in which TradeWarrior will be sold as a third party plug-in atop the FinFolio platform.

“We are pleased to announce the alpha release of TradeWarrior Express” commented Nine Mile Software’s CEO, Damon Deru.  “While we still have work in front of us to release the final product, this signifies a major milestone in our development process.  It’s exciting to have TradeWarrior Express come together in its final stages of development.  This is the first 3rd party rebalancing program to be integrated within a portfolio management system in the industry, which will help investment advisors with a seamless transition of data.”  Nine Mile Software expects to have a beta release of TradeWarrior Express in March, with a final release expected to coincide with FinFolio’s final release in June 2009.

GENERAL BUSINESS UPDATE

Nine Mile Software has hired Ryan Sullivan as its full time Senior Developer.  Previously, Ryan had been working as a contractor for the company.  Ryan has shown an exceptional level of dedication to completing the TradeWarrior program and we are excited to have him join the team as its Senior Developer.

Our Joint Venture partner FinFolio was recently profiled in Financial Advisor Magazine.  Financial Advisor Magazine is one of the most respected publications in the industry and is distributed to approximately 90,000 investment advisors and brokers.  The article highlights FinFolio’s unique approach and many features in the program.  You can read the article here.

We recently moved to our new corporate headquarters in Layton, UT to better suit our needs and future growth.  Our new address is:  579 W. Heritage Park Blvd. Suite 220C, Layton, UT 84041.  We also have a new toll free phone number which is (888) 660-6568

The joint venture between our two companies is something we’ve been working on for quite some time now, so we’re happy to finally publicly announce the news.  With this venture, a free copy of TradeWarrior (named TradeWarrior Express) will ship with every copy of FinFolio.  We believe this will offer greater visibility to our program, and hopefully a good way for advisors to test drive TradeWarrior before upgrading to our either our mid-grade version (TradeWarrior Small Business) or the full-featured version (TradeWarrior Ultimate).

We have a lot of faith in the FinFolio group.  They have been very successful in this arena before (most notably with Techfi and Portfolio 2000), and we believe they will be very successful once again, and we are excited to be a part of that.  One of the main reasons we have decided to partner with FinFolio is their concept of integration within the financial services industry.  As anyone who works in the industry knows, there is very little integration between custodians and software companies.  The main culprit is the fact that there’s no standard data format for the industry, but that’s another battle for another day.  What this means to an investment advisor, is that they have to maintain multiple databases.  Therefore, any time they need to change client data in their database, they have to change it in typically 3 – 4 databases.  This kills a lot of time and efficiency, not to mention the increased risk of human error. 

FinFolio’s vision is to have multiple 3rd party vendors on their platform that are all fully integrated ala carte style.  For an example of the future vision, an advisor who signed up with FinFolio would then have their choice of adding a Rebalancing program, a CRM program, Financial Planning Software, etc. that are fully integrated not only with FinFolio, but with each other.  Coming from an investment advisory background, I can’t tell you how excited I am about this.  It will greatly increase the efficiency of an RIA’s office.  When we founded Nine Mile Software, we had the same vision of an “all-in-one” database and we were excited to have partnered with FinFolio who has the same vision.  Nine Mile Software is the first 3rd Party vendor to sign on with FinFolio, which signifies the first independent rebalancing program to be completely integrated with a Portfolio Management System.  We look forward to building our future with FinFolio.