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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