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/

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