AND DELIVERS ITS CORPORATE VISION FOR 2017
Company Introduced Intuitrader and Provides Year-end Update to Shareholders
SAN FRANCISCO, CA– (12/29/16) — APT Systems, Inc. (OTC Pink: APTY), a fully reporting company in the FinTech software sector, completes its third quarter, ending October 31, 2016 reporting, and is pleased to bring a brief overview on this year’s developments, as the Company prepares to move operations forward into 2017.
As the year draws to an end, Management of APT Systems has completed certain goals including introducing the name of its trading platform, Intuitrader and continued extensive testing. “We had another positive quarter with a 22% trading ROI, wrapping up a great year of software testing. I am particularly pleased with our performance in both the first and third quartersâ€ said Glenda Dowie, CEO and President. â€œIn our second quarter we were not trading for the full period placing our year-to-date average ROI at 39%. We plan to infuse the trading accounts with more cash. In doing so, the overall revenue picture is expected to begin reflecting the lucrative potential of our technology.â€ stated Glenda Dowie, President and CEO.
Employing cash in the testing process is an important part of the Company’s development strategy and any profits generated can be reinvested, further strengthening product development budgets. This growth and balance demonstrates the strength of our diverse trading strategies and tools.
Dowie concluded â€œIt has been an exciting year with APTY being fully traded on the OTC markets, and we are excited about the potential we foresee, between our own software and Global Trader indicators acquisition. We want to thank all our loyal shareholders, and believe that we have positioned ourselves positively for the year ahead.â€
Achievements for 2016 include:
â€¢ Finalization of Acquisition – In 2014, APT, Inc. announced Management’s intent to acquire the Global Trader software, and after much due diligence, it was finalized in July of this year. The Global Trader software acquisition will further enhance the company’s indicator portfolio and outspread our app strategy, designed to provide proprietary trading tools to be delivered under subscription services.
â€¢ Strengthened Financial Position — By year-end, the Company was able to achieve an increase in assets by maintaining cash trading accounts and finalizing the acquisition of software. While revenues were determined on modest trading accounts, the actual returns were excellent and this financial performance is expected to continue. The Company further reduced debt and paid out two convertible notes taken in February and March. We were also able to payout a 3rd convertible promissory note for $25,000 and with that payment extinguished an associated $55,000 promissory note.
â€¢ Integration of Forex Project – The Company continues to advance on plans to integrate a FOREX trading component into Intuitrader, its Proprietary Trading system. When completed, it will diversify our revenue potential by increasing the range of products we can offer on handheld devices. We are comfortable in the equities market technology and welcome this future boost in the FOREX arena.
â€¢ Multimedia Growth – The Company launched a Twitter account @APTYsys, and interested investors can review an online Investor Kit on our website – http://aptsystemsinc.net/index.php/investor-relations1. As developments continue, the Company will carry on announcing its advancements.
Business Outlook for 2017 — APT Systems continues discussions with parties for investments, joint venture partnerships and software acquisitions; while it continues to build upon the founder’s vision of delivering modern tools to traders.
About APT Systems, Inc.: APT is an acronym for Applied Proprietary Trading. The Management of APT Systems, Inc. works to deliver stock trading tools and its platform Intuitrader with a focus on handheld devices; while also strategically acquiring other compatible financial businesses which demonstrate strong growth potential.
Disclaimer – Forward Looking Statements: This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements; projected events in this press release may not occur due to unforeseen circumstances, various factors, and other risks identified in a company’s annual report on Form 10-K and other filings made by such company.
Contact: Glenda Dowie, CEO at 415-200-1105
Investor Information – http://www.intuitrader.com/investors
Follow On Twitter @APTYsys