Quantitative Alpha Trading Inc.

May 02, 2011 17:15 ET

Quantitative Alpha Trading Inc. (Formerly RTN Stealth Software Inc.) Authorizes TSX-V Listing Application and Releases Annual Financial Statements

TORONTO, ONTARIO--(Marketwire - May 2, 2011) - Todd Halpern, Chair of the Board of Directors of Quantitative Alpha Trading Inc. (formerly RTN Stealth Software Inc.) (CNSX:RTN), announced today that the Company had approved and released its annual audited Financial Statements for the year ended December 31, 2010, together with Management's Discussion & Analysis in respect of the Company's financial results and performance over the preceding calendar year.

"Subsequent to its year end, the Company has taken a number of steps to position itself for growth", Mr. Halpern noted. "These steps include the expansion and strengthening of its Board of Directors, as well as a bolstering of its balance sheet and cash position by satisfying and eliminating USD $2.5 Million in long-term debt and completing an equity recapitalization that generated CDN $2.5 Million of working capital for the Company."

In addition, with the unanimous support of shareholders at its recent Annual General Meeting, the Company also simplified its capital structure by approving the early conversion of all Class B Preferred shares into common shares, adopted a new long-term incentive plan for members of the Board and management and authorized the Company's continuance from British Columbia into Ontario. The share conversion and corporate continuance will be implemented over the coming weeks.

In the wake of the recent growth in the Company's total market capitalization, other initiatives are also underway, Mr Halpern noted. "As we move forward with the Company's operational and technological development, we have instructed counsel to commence the process of applying for a Tier 1 listing on the TSX Venture Exchange, a process that will be underway immediately" he said. "Given the growing interest in software applications within the securities trading industry, our goal is to steadily enhance investor access to information about the Company as well as its visibility to shareholders and investors generally".

About QAT

For more than a decade, QAT has been researching, developing and maintaining proprietary algorithmic securities trading systems that operate across numerous financial markets. Relying on behavioural science patterns, the company's proprietary systems use a linked series of computer programs to analyze securities market data in real-time and directly execute buy or sell orders over the electronic securities exchanges while monitoring the status of every trade within a given portfolio without human intervention. The company trades on the CNSX exchange under the current symbol RTN.

Except for historic information, the matters discussed in this document contain certain forward-looking statements. These statements involve known and unknown risks, delays, uncertainties and other factors not under the Corporation's control that may cause actual results, levels of activity, performance or achievements to be materially different from the results, levels of activity, performance, achievements or expectations expressed or implied by these forward-looking statements.

CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

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