TORONTO, June 15, 2012 /PRNewswire/ -- Mobile Integrated
Systems, Inc. (OTC: MIBI) and Quantitative Alpha Trading Inc.
(CNSX: QAT) are pleased to announce they signed a memorandum of
understanding to jointly commercialize a family of securities
tracking mobile applications called Market Sentiment Navigator
(MSNav).
"Mobile Integrated Systems is implementing its strategic plan to
diversify into other lines of business. MSNav, a
sentiment-based securities tracking system, the flagship product of
our partnership with QAT, represents the tip of the spear and our
first foray into the financial services space," said Murray
Simser, President and Chief Executive Officer of Mobile Integrated
Systems. "Given increasing demand for sophisticated mobile
securities tracking systems the revenue from this line of business
is expected to be significant."
MSNav will be the launch product of an eventual family of
sentiment-based products to be created under this
partnership. "By partnering with Mobile Integrated Systems we
gain a partner with the depth and talent to design, build and
commercialize this unique tool," said James
McGovern, Chief Executive Officer of Quantitative Alpha
Trading. "This unique, sentiment-based system will offer
traders and investors tremendous insights into what any
electronically traded securities' price might look like in the near
future. The ability to harness this intelligence on a mobile
device will prove extremely valuable to any trader."
Initially the beta version of MSNav will be available on Android
and Blackberry devices without cost through the end of September
2012. In October 2012 the free
product will be discontinued and replaced with a paid version that
includes a free trial. MSNav will be available on iOS
including iPhone and iPad, Android and Blackberry devices.
About Quantitative Alpha Trading Inc.
For more than a decade, QAT has been researching, developing and
maintaining proprietary algorithmic securities trading systems that
operate across numerous financial markets. Relying on behavioural
science patterns, the Company's proprietary systems use a linked
series of computer programs to analyze securities market data in
real-time and directly execute buy or sell orders over the
electronic securities exchanges while monitoring the status of
every trade within a given portfolio without human intervention.
The Company trades on CNSX under the symbol QAT and in the United States on the OTCQB under the
symbol QATSF. http://www.qatinc.com/
About Mobile Integrated Systems, Inc.
Mobile Integrated Systems, Inc. is a technology company focused on
developing and deploying mobile products and transaction systems to
a variety of industry sectors including lotteries, gaming,
transportation, telecommunications, and finance, among
others. More information can be found
at: http://mobileintegratedsystems.com/
Forward-Looking Statements
This press release contains "forward-looking statements" as defined
in the U.S. Private Securities Litigation Reform Act of 1995. These
statements are based upon our current expectations and speak only
as of the date hereof. Such forward-looking statements are
inherently uncertain. Our actual results may vary materially from
those expressed in any forward-looking statements as a result of
various factors and uncertainties. Mobile Integrated Systems, Inc.
or Quantitative Alpha Trading Inc. cannot provide assurances that
any prospective matters described in the press release will be
successfully completed or that Mobile Integrated Systems, Inc. or
Quantitative Alpha Trading Inc. will realize the anticipated
benefits of any transactions. Various risk factors that may affect
our business, results of operations and financial condition are
detailed from time to time in the Annual Report on Form 10-K and in
the Current Reports on Form 8-K and other filings made by Mobile
Integrated Systems, Inc. with the U.S. Securities & Exchange
Commission. Mobile Integrated Systems, Inc. or Quantitative Alpha
Trading Inc. undertakes no obligation to update information
contained in this release. CNSX or any other exchange has not
reviewed and does not accept responsibility for the adequacy or
accuracy of the content of this news release.
SOURCE Mobile Integrated Systems, Inc.; Quantitative Alpha
Trading Inc.