Remington Ventures and QuantumBit Induction Technology Report Their Project Report Status
November 14 2005 - 5:00PM
PR Newswire (US)
NEW YORK, Nov. 14 /PRNewswire-FirstCall/ -- QuantumBit Induction
Technology, Inc. (OTC:QBIT) (BULLETIN BOARD: QBIT) today reported
project status to Remington Ventures, Inc. (OTC:RMVN) (BULLETIN
BOARD: RMVN) under their agreement for programmed trading project
development. Qbit's system currently converts a selected digital
currency price, normalizes the data and converts the data to
tailored analog electromagnetic signal. The system simultaneously
converts analog electromagnetic signals to digital inputs for the
companies' NeuroBot custom software. NeuroBot reads the input data,
builds a neural network, trains the network, and executes free
gaming trades through a licensed currency broker. Qbit is now
turning attention to coupling negative group delay electronics to
the analog in and out of the computer system. Conceptually, the
system is being designed and built to utilize time dilated
(negative group delay) information in a paradox free way. Qbit
believes that modern physics forbids the existence of potentially
paradoxical information, but not time dilated and paradox potential
free data. Qbit and Remington Ventures are discussing opening
Shareholder participation in the work to institutions and corporate
users. Interested parties are welcome to inquire. Additional
information is available on http://www.rmvn.net/ and
http://www.quantumbit.com/ . The statements in this press release
are not forward-looking. Anyone considering RMVN or QBIT common
share ownership should first understand the Companies. Contact:
Michael Brown, President Remington Ventures, Inc. 410 Park Ave.
15th Floor New York, NY 10022 USA Phone: +1-917-210-7444 Fax:
+1-917-210-8182 Web site: http://www.remingtonventures.com/
DATASOURCE: Remington Ventures, Inc CONTACT: Michael Brown,
President, Remington Ventures, Inc., +1-917-210-7444, or fax,
+1-917-210-8182 Web site: http://www.remingtonventures.com/
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