Remington Ventures, Inc. Comments on Quantum Bit Induction Technology, Inc.'s Experiments Focusing on Negative Group Delay
September 29 2006 - 9:00AM
PR Newswire (US)
NEW YORK, Sept. 29 /PRNewswire-FirstCall/ -- Remington Ventures,
Inc. (OTC Pink Sheets: RMVN) is pleased to have recently learned of
the completion of the second phase of Quantum Bit Induction
Technology, Inc.'s (OTC Pink Sheets: QBIT) experiments focusing on
Negative Group Delay, and of the practical applications of this
technology to the Programmed Trading Project, the rights to which
were purchased by Remington Ventures, Inc. in February 2005. "I am
very pleased with the advancements in this project that have been
made by Michael Skillern and his team at QBIT, and I look forward
to further advancements as they are made," said Michael Brown,
President of Remington Ventures, Inc. RMVN accepted delivery of
QB-NeuroBot software, a neural network-based currency trading
system being developed by QBIT. The software automatically updates
neural network input data, trains a neural network, and
automatically executes currency trades in the foreign exchange
market (FOREX). The current version is tailored to accommodate
hundreds of simultaneous data inputs in order to execute currency
trades allowing the system to operate numerous data selection
efforts in parallel. RMVN and QBIT are presently steering
development attention to data selection. For more information on
Remington Ventures, Inc. and its Programmed Trading Project, please
visit the company's website at http://www.rmvn.net/ . The
statements in this press release are not forward-looking. Anyone
interested in Remington Ventures, Inc.'s work with Quantum Bit
Induction Technology, Inc. is encouraged to contact the office for
adequate information with which to make an educated stock ownership
decision. Remington Ventures, Inc. prefers that the uninformed NOT
become shareholders, and discourages stock ownership by the
under-educated or the under-informed. Contact: Michael Brown,
President Remington Ventures, Inc. 410 Park Avenue, 15th Floor New
York, New York 10022 phone: +1-917-210-7444 e-mail: DATASOURCE:
Remington Ventures, Inc CONTACT: Michael Brown, President,
Remington Ventures, Inc., +1-917-210- 7444, or Web site:
http://www.rmvn.net/
Copyright