Remington Ventures Secures Additional Financing
November 03 2006 - 4:00PM
PR Newswire (US)
NEW YORK, Nov. 3 /PRNewswire-FirstCall/ -- Remington Ventures, Inc.
(OTC Pink Sheets: RMVN) is pleased to announce that it has recently
obtained some additional financing through a private placement with
an investor group that has indicated an interest in investing up to
one million dollars in the company. In fact, Remington has already
finalized the first transaction and has received the first cash
payment from this group in what is expected to be a series of
transactions and payments over the upcoming months. Remington's
board of directors is very happy to apply a significant portion of
the funds that it has already received from this group, and any
additional funds that it may receive, towards its commitment to
Quantum Bit Induction Technology, Inc. (OTC Pink Sheets: QBIT) and
the Programmed Trading Project, the rights to which were purchased
from QBIT by Remington in February, 1995. "My confidence in the
ability of Michael Skillern and his team at QBIT to achieve what we
have collectively sought to achieve with the Programmed Trading
Project remains very strong, and I am very happy that Remington is
able to support that effort," said Michael Brown, President of
Remington Ventures, Inc. 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: (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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