SAN FRANCISCO, CA— (05/11/17) – APT Systems, Inc. (OTC Pink: APTY), a fully reporting company in the Fintech software sector, is pleased to advise we had a busy and productive first quarter starting with the closing of a private placement and ending with finalizing matters around the kenChart app development.
We have asked Daniel Sigvardsson to take on our charting app design who shares our commitment to user ease. Daniel is a talented award winning designer who provides “end-to-end” service, starting with our visuals, moving through to wireframes finishing with a visually stunning design for traders. Daniel has also worked with fashion, entertainment and corporate brands such as Disney, Twitter, Vine, Pixar, Adidas, The Absolut Company, Proctor & Gamble, Universal, Sony, Electronic Arts and many others. He has the proven ability to lead teams allowing him to deliver on a demanding design and meeting our performance goals for kenCharts.
Funding obtained in this quarter allows us to move ahead with the charting app, a part of our Intuitrader platform. DTN will be providing our market data for internal testing and as a service for future users. We will be looking to engage beta testers and those interested can sign up on June 10th at our website which is currently being enhanced.
The Company has provided all of the pertinent information to its auditors and expect the annual 10K to be filed shortly. In April, we completed negotiations with one of our investors who agreed to accept partial payment on a note due on May 8 and rollover the balance for an additional six months. We are in discussions with other investors holding notes and we anticipate similar success for a note convertible around July 31. Management is pleased that no debt conversions will be taking place in the near future.
We are continuing our diligent search and research for companies and software products that would enhance our operations while still watching dialogue on the proposed legislation for the Fintech National Banking Charter discussion.
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