ONCP 141 Capital Inc (GM)

141 Capital, Inc. (PINKSHEETS: ONCP). 141 Capital, Inc. announced today that it had made errors in both its December 31, 2009 Disclosure Statement and its March 31, 2010 Quarterly Report. The number of outstanding shares of common stock as of December 31, 2009 was 1,692,593,732; not 1,389,528,508 and the freely tradable common stock (public float) was 1,061,608,018; not 768,542,794. The number of common shares outstanding as of March 31, 2010 was correct, however, the number of freely tradable common stock (public float) was incorrect and was 911,608,018; not 2,988,837,580. Management of the Company apologizes for these mistakes and for any confusion caused thereby. A revised Capitalization Table appears below.

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Outstanding Shares for Each Class              3/31/10          12-31-09
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Authorized Preferred Stock:                      10,000,000       10,000,000
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Outstanding Series "A" Preferred Stock:           1,750,000          880,284
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Outstanding Series "B" Preferred Stock:             750,000                0
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Outstanding Series "C" Preferred Stock:             526,020          526,020
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Authorized Common Stock:                      5,000,000,000    5,000,000,000
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Outstanding Common Stock:                    1,232,593,732*   1,692,593,732*
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Outstanding Stock Options:                          100,000                0
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Freely Tradable Common (public float):          911,608,018    1,061,608,018
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Total number of shareholders of record:                1025              228
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*300,685,714 shares of restricted common stock are owned by Spooz, Inc. As of March 31, 2010, Messrs. Stone and Strickland owned 10,000,000 shares of restricted common stock each. Audio Stocks, Inc. owned 300,000 shares of restricted common stock. On October 12, 2009 and January 19, 2010, respectively, Messrs. Stone and Strickland contributed an aggregate of 620,000,000 shares of common stock back to the Company.

About 141 Capital, Inc. (www.141capital.com) 141 Capital, Inc. is a publicly traded company based in Chicago. Its primary operations involve commodity trading for its own account. 141 will register as an Introducing Broker with the National Futures Association to enable it to offer futures products to the general public. To attract customers, 141 will be utilizing TradeTablet and strategic partners' product lines.

Source: Errol Stone Email Contact