NEWS!
LOS ANGELES, Aug 4, 1999 (BUSINESS WIRE via COMTEX) -- Quantum
Technology Corp. (OTC BB:QTTK) announced that pursuant to its news
releases of April 15, 1999, and May 11, 1999, that it has completed the
formation of its broker-dealer subsidiary, QuanTech Securities LLC.
The Securities and Exchange Commission has issued its order granting
registration to QuanTech Securities as a broker-dealer pursuant to
Section 15(b) of the Securities Exchange Act of 1934, pending approval
for membership in a national securities exchange, for which the company
has applied and membership is pending.
Qualified shareholders of Quantum Technology will have the exclusive
right to submit funds for management by QuanTech Securities, which will
use the proprietary trading technology developed by Quantum.
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve estimates, assumptions and
uncertainties, and accordingly, actual results could differ materially
from those expressed in the forward-looking statements.
Copyright (C) 1999 Business Wire. All rights reserved.
CONTACT: Quantum Technology Corp., Los Angeles
Donald Beck, 310/470-9200
db@qttk.com (e-mail)
www.qttk.com (Web site) |
