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Remington Ventures, Inc. Comments on Quantum Bit Induction Technology, Inc.'s Experiments Focusing on Negative Group Delay Friday September 29, 8:00 am ET
NEW YORK, Sept. 29 /PRNewswire-FirstCall/ -- Remington Ventures, Inc. (OTC Pink Sheets: RMVN - News) is pleased to have recently learned of the completion of the second phase of Quantum Bit Induction Technology, Inc.'s (OTC Pink Sheets: QBIT - News) experiments focusing on Negative Group Delay, and of the practical applications of this technology to the Programmed Trading Project, the rights to which were purchased by Remington Ventures, Inc. in February 2005. "I am very pleased with the advancements in this project that have been made by Michael Skillern and his team at QBIT, and I look forward to further advancements as they are made," said Michael Brown, President of Remington Ventures, Inc. ADVERTISEMENT
RMVN accepted delivery of QB-NeuroBot software, a neural network-based currency trading system being developed by QBIT. The software automatically updates neural network input data, trains a neural network, and automatically executes currency trades in the foreign exchange market (FOREX). The current version is tailored to accommodate hundreds of simultaneous data inputs in order to execute currency trades allowing the system to operate numerous data selection efforts in parallel. RMVN and QBIT are presently steering development attention to data selection.
For more information on Remington Ventures, Inc. and its Programmed Trading Project, please visit the company's website at http://www.rmvn.net .
The statements in this press release are not forward-looking. Anyone interested in Remington Ventures, Inc.'s work with Quantum Bit Induction Technology, Inc. is encouraged to contact the office for adequate information with which to make an educated stock ownership decision. Remington Ventures, Inc. prefers that the uninformed NOT become shareholders, and discourages stock ownership by the under-educated or the under-informed.
Contact: Michael Brown, President Remington Ventures, Inc. 410 Park Avenue, 15th Floor New York, New York 10022 phone: +1-917-210-7444 e-mail: info*rmvninc.net
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[QBIT Orders NOBO List to Determine Actual Shares Outstanding
Market Wire "US Press Releases "
HOUSTON, TX -- (MARKET WIRE) -- 10/03/06 -- Quantum Bit Induction Technology Inc. (PINKSHEETS: QBIT), has ordered and is reviewing a current NOBO list from ADP Investor Communications. The NOBO, which stands for Non Objecting Beneficial Ownership, list shows a more complete corporate ownership profile than is available from the transfer agent alone.
"We are reviewing the NOBO list," explained President Mike Skillern. "There seem to be discrepancies which we are moving to correct."
For more information on QBIT and its projects visit our website at www.quantumbit.com.
QBIT is a technology developer that builds theoretically sensible ideas into technological realities. We work in the project areas of Power, Propulsion, Quantum Control, and Biology. Our primary interest is our Shareholders; we strive to generate value, benefits and loyalty to them. Please take the time to learn how and why, visit www.quantumbit.com and ask questions.
QBIT, in all cases, maintains project rights for its shareholders, information concerning those rights is available on the QBIT website or by contacting QBIT directly.
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It takes a few days to get the short numbers after filing and the shorts will scramble to cover...I just wonder how large is the squeezzzzeeee going to take this. Pr was out on the third we might get something over the weekend or begining of next week lets see
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I dont think shorts are done covering yet otherwise the company wouldn't order a nobo. there's been an icrease in the volume last couple of days, something could be up.
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