Remington Ventures, Inc. Announces Private Placement of Common Stock NEW YORK, July 22 /PRNewswire-FirstCall/ -- Remington Ventures, Inc. (OTC Pink Sheets: RMVN) ("Remington") today announced that it has entered into agreements with leading European institutional and accredited investors to purchase shares of common stock through a private placement. Michael Brown, President of Remington, stated: "With this financing, we believe we have solidified our financial position to proceed on the execution of our strategic business plan, and will have sufficient working capital to fully fund operations to be acquired. We are very pleased with this vote of confidence from the global financial community." Remington Ventures, Inc, in a joint venture with Quantumbit Induction Technology, Inc. (OTC Pink Sheets: QBIT), has identified a number of methods by which financial and commodity markets can be predicted and automatically traded for profit. Many institutions and funds have already developed successful programmed trading systems. The joint venture is working to develop a complete system that automatically fills the member's account with money to a preset level and as spent thereafter. The statements in this press release are not forward-looking. Anyone considering Remington Ventures, Inc common share ownership should first understand the Company. Contact: Michael Brown Remington Ventures, Inc. 410 Park Ave. 15th Floor New York, NY 10022 USA Phone: 917-210-7444 Fax: 917-210-8182 Website: http://www.remingtonventures.com/ DATASOURCE: Remington Ventures, Inc. CONTACT: Michael Brown, Remington Ventures, Inc., +1-917-210-7444, or Fax: 917-210-8182 Web site: http://www.remingtonventures.com/

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