SAN FRANCISCO, CA--(Marketwired - Feb 8, 2017) - APT Systems, Inc. (OTC PINK: APTY), a fully reporting company in the FinTech software sector, completed its year end on January, 31, 2017 and now is working on 10K reporting. Today we are pleased to bring to shareholders a brief overview on last year's developments and the business plans going forward.
"In our second quarter we advised were not testing trading strategies for the full period which places our year-to-date average ROI at a solid 39%. We plan to continue trading within the test accounts to further demonstrate the beneficial features of our technology and strategies," stated Glenda Dowie, President and CEO.
Employing cash in the testing process remains an important part of the Company's software development strategy. By year-end, the Company was able to achieve a growth in assets by increasing cash trading account balances and finalizing the acquisition of Global Trader software. While revenues were determined on modest trading accounts, the actual returns were excellent and this performance is expected to continue. The Global Trader software acquisition further enhances the company's indicator portfolio and outspread of our app strategy.
APT Systems is pleased to announce that we have entered into an agreement with Richard Hudak, general partner of Richard J. Hudak Financial LP for his financial consulting services and his ongoing work with investors both parties have identified. With his substantial experience, Richard will also be instrumental in identifying and negotiating key contracts that will be extremely advantageous to the company's growth, while focusing efforts on fast tracking revenue generating propositions. Management's goal is to be actively identifying means to secure working capital and in a way that would minimize debt the company needs to take on in order to pay our developers and data feeds. "Richard has successfully brought millions of dollars to those companies he chooses to work with and we are looking forward to this mutually beneficial collaboration," said Dowie.
Dowie concluded, "We are excited about the potential between our own software developments and the Global Trader indicators acquisition. We are now positioning ourselves for the year ahead." To this end, the Company has filed a form 14C to expand the total number of authorized shares and the number of preferred shares. Management intends to use shares as part of payments for its proposed future acquisitions of intellectual property, capital raises and related business.
Business Outlook for 2017 - APT Systems continues discussions with parties for investments, joint venture partnerships and acquisitions; while it continues to build upon the founder's vision of delivering modern tools to modern traders.
About Intuitrader: An intelligent trading system designed to provide accurate timing of trades in the equities and forex markets; and provides useful resources to augment one's trading style to generate consistent, above average returns.
About APT Systems, Inc.: APT is an acronym for Applied Proprietary Trading. The Management of APT Systems, Inc. works to deliver stock trading tools and its platform Intuitrader 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.