Tired of the stock market nightmare? Enter the stock market fantasy!
Tuesday, October 07, 2008
UMOO Financial Entertainment Celebrates the Launch of its Public Beta by Giving Away $10,000 in a Fantasy Stock Trading Tournament.
October 7th, 2008: UMOO (http://www.umoo.com), a new web based platform for Financial Entertainment combining the fun of online multiplayer tournaments with the thrill of the stock markets, announced today the launch of its public Beta. UMOO offers a totally new way to profit from stock market trading via its unique platform, where the trades are virtual, but the winnings are real.
UMOO's competitive 'Tournament Trading' arena allows traders to manage virtual portfolios and compete for cash rewards. It is fantasy sports meets the stock markets traders who build the best virtual stock portfolios win cash.
UMOO provides a rich experience that allows users to trade in real time, managing portfolios to maximize profit. But unlike the stock markets, traders win by outperforming other traders in an exciting and adrenaline packed tournament format. UMOO offers a wide range of trading tournaments that vary in duration and buy-ins. Additionally UMOO offers a "fun" mode, where new traders can gain trading skills and practice with no risk at all.
"UMOO offers a great value proposition" says David Goldman, a marketing manager from New York. "Daily tournaments are my favorite way to play UMOO. I know that at least 90% of the cash paid in by traders will be paid right back out to the tournament winners. I don't need to hit the jackpot, I just need to be better than the average trader in the tournament in order to win. I profit from my skills, not the randomness of the markets."
UMOO offers different types of tournaments and pay out structures to appeal to anyone with an interest in the financial markets. There are "Mini Tournaments" for those who want to compete in small groups, "Massive Tournaments" where thousands can compete for the biggest cash prizes, and UMOO's unique "Double Up" stock market games, where half the participants win and double their money. UMOO even offers traders the ability to set up private tournaments, so friends and work colleagues can enjoy competing against one another in their own online "office pool". Finally, there are regular Risk Free Tournaments, where traders are invited to compete for cash rewards with absolutely no cost.
"I love trading on UMOO" says Daniel Walsh, a graduate student. "For the price of a movie ticket, I can trade the markets in real-time, with research tools, live prices, great interactivity and I can track my performance against friends and other traders in the same tournament. All I can lose is the few dollars I spent on the 'buy in', but I can win hundreds or thousands of dollars in a given day!"
UMOO is celebrating its Beta launch by giving away $10,000 in a free one-week "UMOO MANIA" tournament commencing Monday, October 20th. Take a break from the wild swings of your real portfolio, and sign up for UMOO MANIA. It costs nothing to play, and the top performing traders will win cash prizes. Prospective traders are urged to sign up soon, as the number of seats is limited.
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