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

They have been in development of their program for over two years.  Their development team put a lot of “blood, sweat, and tears” into this project over the past couple years and we are very pleased in how it’s turned out.  We obviously have a biased opinion, but we believe that this is the best Portfolio Management System on the market for investment advisors and money managers.  The system has been developed from the ground up by industry veterans who have done this before, and there was a lot of planning and rewriting to get the features done right.

For those who may or may not know, TradeWarrior, is available as a 3^rd Party Add-In to the FinFolio platform.  What this means for advisors is seamless integration between the two systems.  For instance, if you change the Model associated with a Client; that change will automatically be reflected in both FinFolio and TradeWarrior. You can change the price on a Security, and it will simultaneously change it in both systems.  The list goes on and on. Many advisors run multiple databases in their firm (i.e. CRM, PMS, Financial Planning, Rebalancing, etc), so many know of the headache of maintaining the same client data in all of those databases.  Our integration with FinFolio is the beginning of our shared vision of integrating all these mission critical systems into one centralized database.

On the development front, we are entering our final beta testing stage now, and expect to have our release in the next month or so.

For those who may be interested in TradeWarrior, but not necessarily in switching Portfolio Management Systems to FinFolio, we have a “WhiteBox” version that we will be releasing as well.  This version will integrate with all the major Custodians initially (Schwab, Fidelity, TD Ameritrade, Pershing/SSG), and we are working on integrating with the other major Portfolio Management Systems within the industry.

If you are interested in seeing a demo of TradeWarrior, please contact us at 888-660-6568 x1 or send us a message on our contact page.

Nine Mile Software, Inc. is in its final beta testing stage for their first commercial release of TradeWarrior Small Business. TradeWarrior is a portfolio rebalancing and trading tool designed specifically for the growing Registered Investment Advisory (RIA) marketplace.

Damon Deru, CEO of Nine Mile Software, Inc., stated, “We are pleased to announce that we are in the last stages of beta testing for TradeWarrior. We are making final refinements to the program from industry feedback in anticipation of our full release at the beginning of the 2nd Quarter in conjunction with the FinFolio release. Nine Mile Software should transition to a revenue producing company in the 2nd Quarter of this year.”

The company recently returned from an industry conference, the 2010 Technology Tools for Today “T3″ conference. The T3 conference is dedicated to the technology and software sector in the investment advisory industry. The founders of T3 are Joel Bruckenstein and David Drucker, who are well respected journalists covering technology and software for investment advisors. They have written articles for publications such as, The Wall Street Journal, New York Times, Business Week, The Washington Post, Financial Planning, Morningstar Advisor and Wealth Manager, to name a few. In addition to this, they publish their own newsletter, Technology Tools for Today, upon which this yearly conference is based.

Nine Mile Software had a sponsorship booth at the conference to demonstrate the abilities of TradeWarrior to advisors, brokers, and other software vendors. A short video interview from the Conference can be seen here: http://t3conference.blogspot.com/2010/02/tradewarrior-gives-progress-report-at.html. Their CEO, Damon Deru, also moderated the “What’s new in Rebalancing Software” panel at the Conference, which was one of the most well attended breakout sessions of the conference.

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 in Beta testing, with an expected release date in the 2nd Quarter 2010.

“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.

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.

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.