SAN FRANCISCO, CA -- (Marketwired) -- 10/19/16 -- APT Systems Inc. (OTC PINK: APTY), a publicly traded, fully reporting company in the FinTech software sector, issues a follow up to shareholders on the status of acquisitions and other potential opportunities.
Dear Valued Shareholders,
We have diligently worked toward advancement of our plans this quarter, and would like to take an opportunity to thank our loyal investors for their support and to provide an update on our progress.
On July 20, 2016 the Company issued a press release updating the public on our acquisition of the Global Trader software and license. Prior to this and as part of our due diligence, we performed testing in Company funded trading accounts to test software, indicators and strategies in real time. We were pleased to find the testing provided confirmation that indicators and strategies could be successfully deployed to help traders generate profits. We continued to maintain an account balance for testing in the second quarter and funds have not been withdrawn during our third quarter. The testing continues and the trading account balance continues to grow.
Further, we would like to further clarify our position and assure stakeholders that we continue to receive and review new potential acquisitions as part of our mandate to effectively deliver great trading tools and to add value for our shareholders. We are excited by the potential opportunities being presented to us and hope to announce that we are entering into formal due diligence shortly.
We can further confirm that we have retired the $15,750 convertible note as advised in our latest 10Q filing and we are working towards consolidating other debts and bringing in additional funds to further our business plans.
We want to assure the shareholders that the goal to deliver great trading tools on handheld devices remains unchanged. Whereas the Company still plans to identify and evaluate further potential acquisition targets both within and outside the financial industry, the Company continues to be on track with its development objectives for 2016. We remain steadfast in our commitment to keeping investors informed as advancements continue.
CEO & President
APT Systems Inc.
Common Shares Issued and Outstanding:
As of October 17, 2016 the number shares of common stock issued and outstanding stood at 148,457,788 shares (31,204,348 delivered to Cede & Co (FAST)). As of today, all Insiders and some independent service providers continue to hold restricted common shares of the Company.
About APT Systems Inc.:
APT is an acronym for Applied Proprietary Trading. The Management of APT Systems Inc. works to deliver stock trading tools with a focus on handheld devices while also strategically acquiring financial software and other compatible businesses which demonstrate strong growth potential.
Disclaimer -- Forward Looking Statements: This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements; projected events in this press release may not occur due to unforeseen circumstances, various factors, and other risks identified in a company's annual report on Form 10-K and other filings made by such company. APTY may opt to disseminate information about itself, including the results of its operations and financial information, via social media platforms such as Facebook, LinkedIn and Twitter.
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CEO & President