SAN FRANCISCO, June 23, 2016 (GLOBE NEWSWIRE) -- APT SYSTEMS, INC. (OTC PINK:APTY), a publicly traded, fully reporting company in the FinTech software sector, announced today the Company posted its first quarterly revenue that includes revenues generated from testing software and strategies, as part of the Company’s software development plans. The Company provided funds for testing to traders and posted an unrealized gain of 22.17% over the three months reported.
In February of 2016, the Company contracted traders as testers as part of the due diligence process to test strategies, indicator reliability and trading platforms within their designated accounts. The contracted traders could use funds for trading securities or derivatives, which mainly consist of various options, currency pairs and futures. The trading activities would eventually cease and accounts are to be returned to cash after the strategies were monitored over a reasonable period of time. While the Company’s business model is to develop trading software and not investing, short term investing is required to test elements of the software including connectivity to independent brokers.
“The indicators enabled the contracted traders to execute extremely well during the testing periods to generate profits despite increasingly volatile market conditions,” said Glenda Dowie, APT’s CEO. “We are very happy with these results and look forward to additional testing and input over these next coming months.” The Company’s future plans include launching a separate beta version and looks forward to these kinds of results being experienced by many independent users. The Directors will announce separately when the website is ready to accept individuals wishing to sign up as beta testers.
The Company plans to continue to look closely at the domestic and international debt markets to access funding to assist management in their implementation of its long term business plan. The Management team and the Board will continue to review capital programs and testing protocols and plan to regularly provide an update on these programs.
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 other compatible financial 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.
Source:APT Systems Inc.