SOURCE: Remington Ventures, Inc.

October 25, 2007 12:35 ET

Remington Ventures Pushes Ahead

HOUSTON, TX--(Marketwire - October 25, 2007) - Remington Ventures, Inc. (PINKSHEETS: RMVN) (www.rmvn.net), formerly trading under the symbol "RMVN," has been assigned the new trading symbol REMV which will be effective Friday, October 26, 2007. The new symbol reflects the post reverse split capital structure of the Company. Remington Ventures, Inc. Common Shares will reverse split on Friday, October 26, 2007 by a factor of 10,000 with fractional shares rounded up.

The Company's work on negative group delay programmed trading is building momentum and is on schedule to test prototypes of digitally cascaded negative group delay circuits for use in programmed trading. Remington Ventures, Inc. and its partners on the project believe that negative group delay circuits that produce small time dilations per circuit can be operated in series to magnify the total time dilation and reach amounts of time that are usable for programmed investment trading. The Company and Quantum Bit Induction Technology, Inc., its development partner, previously attempted an analog cascade of negative group delay circuits but found the signal degraded to unusable levels as the total time dilation was pushed to a very few seconds. Thereafter the group embarked on a redesign of circuitry to correct signal distortions at each stage in the chain. Michael McDonnough, lead prototyper for the project, said while speaking of the work, "These circuits are fascinating to be sure. The output arrives measurably before the input in deterministic environments albeit slightly distorted. Our designs correct the distortion with each small negative time dilation and then we just run numbers of them in series. Provided the whole system remains deterministically causal we should be able to advance the signal by usable amounts of negative time and, hopefully, trade automatically and profitably. I am guardedly confident and optimistic."

Remington Ventures remains committed to its mission of building a reliable, profitable, programmed trading system for individual deployment to its Shareholders of record (certificate holders). "The idea is simple to describe," said Company President Michael Brown. "Modern time dilation circuitry and software that trades the personal accounts of our Shareholders for a profit. The complexity and work is in inventing, designing, and building the system. Our people are talented, we're making progress at the task, and we know what we're doing. We're very appreciative of everyone that helps and supports this mission."

Anyone considering investment in Remington Ventures, Inc. Common Shares is cautioned. There is no assurance that the Company will achieve its goal of building or deploying a stable programmed trading system for its Shareholders to use. There is no assurance that the Company will be able to continue the work or complete the project. Certain regulatory approvals will be required before deployment of any operating system. The Company will impose operational limits on any system that is deployed to its Shareholders pursuant to the discretion and judgment of the Company. Interest in some day having and using a personal programmed trading system that is built and deployed by the Company, if ever available, is the ONLY good reason to own shares in the Company.

Remington Ventures, Inc. is interested in acquiring corporate partners for its work. Anyone interested in learning more about the Company's work or partnering with it and Quantum Bit Induction Technology, Inc. on the project should contact the Company's offices.

The statements in this press release are based on the best information and knowledge of the Company and its representatives. The Company will make subsequent public releases or appropriately post information on our website if any of the information contained herein needs to be amended or edited. The Company will endeavor to properly inform everyone as events unfold.

Contact Information

  • Remington Ventures, Inc.
    410 Park Avenue, 15th Floor
    New York, NY 10022 USA
    (917) 210-7444
    President@rmvn.net