Remington Ventures, Inc. Comments on Quantum Bit Induction Technology, Inc.'s Experiments Focusing on Negative Group Delay
Last Update: 8:01 AM ET Sep 29, 2006
NEW YORK, Sept 29, 2006 /PRNewswire-FirstCall via COMTEX/ -- Remington Ventures, Inc. (OTC Pink Sheets: RMVN) is pleased to have recently learned of the completion of the second phase of Quantum Bit Induction Technology, Inc.'s (OTC Pink Sheets: QBIT) 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.
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 rmvn.net . |
