Remington Ventures, Inc. Announces Private Placement of Common Stock
July 22 2005 - 9:00AM
PR Newswire (US)
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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