09/15/16 -- APT SYSTEMS, INC. (OTC PINK: APTY), a publicly traded, fully reporting company in the FinTech software sector, has today announced that Glenda Dowie, Chief Executive Officer and President of the Company, intends to strengthen her investment in the Company with the purchase of free-trading shares in the open market.
"My recent decision to acquire shares from the open market illustrates the level of confidence that we have in our commitment to building a solid foundation that can only bolster shareholder value. The Directors firmly believe that, at this stage, the Company is significantly undervalued. We are determined to fortify our structure in a continual effort to bring the share price into alignment with the Company's intrinsic value and real growth potential," said Ms. Dowie.
Dowie advised she may continue to purchase additional Company shares in subsequent open-market transactions up to an aggregate of 3,000,000 shares at her discretion. She concluded: "The ongoing purchase of these shares represents my unwavering faith in the long-term value of APT Systems' intellectual property, and its flagship trading platform Intuitrader."
The Company's management team perceives, much like many other notable companies in their infancy, that its growth potential at this level remains exponential. Other stock purchases this year by CEOs that have demonstrated confidence in like manner are CEO Jamie Dimon, who bought stock in JPMorgan Chase, as did Michael Corbat who bought shares of Citigroup, as symbolic belief in the company's future.
CEOs who have also acted upon their optimism include John Remondi of Navient, a company that provides financial products, and CEO Joseph Sullivan, who stepped up and bought shares of the now prominent financial firm Legg Mason. Over the past 12 years, there have been more than 200 instances of CEOs buying at least $1Million of their own company's shares. (Data provided was searched from filings with the Securities and Exchange Commission.)
The Company is finalizing the addition of an Online Investor Kit to the corporate website, www.aptsystemsinc.com, thereby making business facts, summaries and presentations readily available to the investing public. We expect it to be launched within in these next few days.
10/05/16 -- APT SYSTEMS, INC. (OTC PINK: APTY), a publicly traded, fully reporting company in the FinTech software sector, announced today that the Company filed its second quarterly review. According to the report, the Company effectively followed through with its corporate strategy to fund trading accounts for software testing. In this quarter, testing was conducted in the month of July and yielded an unrealized gain. Profits generated last quarter were represented in the month of May.
Strategically, management's agreement to acquire the proprietary Global Trader software this summer demonstrates the Company's determination to drive progress in the mobile trading software industry. The Company's plan is to continue indicator evaluation and exploration of strategies in live trading accounts for the next quarter, and anticipates continued positive feedback and the further refinement of results.
"It has been an eventful quarter, as we have strived to develop momentum and make headway towards the development of our trading platform and Company," said Glenda Dowie, President and Chief Executive Officer. "I am confident that we will show further progress in the coming quarters."
Following the end of the second quarter, the Company also permitted a portion of its debt to be converted to provide for added liquidity within the OTC traded markets. The complete filings are available for viewing at the sec.gov and otcmarkets.com sites.
10/19/16 -- APT Systems Inc. (OTC PINK: APTY), a publicly traded, fully reporting company in the FinTech software sector, issues a follow up to shareholders on the status of acquisitions and other potential opportunities.
Dear Valued Shareholders,
We have diligently worked toward advancement of our plans this quarter, and would like to take an opportunity to thank our loyal investors for their support and to provide an update on our progress.
On July 20, 2016 the Company issued a press release updating the public on our acquisition of the Global Trader software and license. Prior to this and as part of our due diligence, we performed testing in Company funded trading accounts to test software, indicators and strategies in real time. We were pleased to find the testing provided confirmation that indicators and strategies could be successfully deployed to help traders generate profits. We continued to maintain an account balance for testing in the second quarter and funds have not been withdrawn during our third quarter. The testing continues and the trading account balance continues to grow.
Further, we would like to further clarify our position and assure stakeholders that we continue to receive and review new potential acquisitions as part of our mandate to effectively deliver great trading tools and to add value for our shareholders. We are excited by the potential opportunities being presented to us and hope to announce that we are entering into formal due diligence shortly.
We can further confirm that we have retired the $15,750 convertible note as advised in our latest 10Q filing and we are working towards consolidating other debts and bringing in additional funds to further our business plans.
We want to assure the shareholders that the goal to deliver great trading tools on handheld devices remains unchanged. Whereas the Company still plans to identify and evaluate further potential acquisition targets both within and outside the financial industry, the Company continues to be on track with its development objectives for 2016. We remain steadfast in our commitment to keeping investors informed as advancements continue.
CEO & President
APT Systems Inc.
Common Shares Issued and Outstanding:
As of October 17, 2016 the number shares of common stock issued and outstanding stood at 148,457,788 shares (31,204,348 delivered to Cede & Co (FAST)). As of today, all Insiders and some independent service providers continue to hold restricted common shares of the Company. APTY Security Details
Market Value1 $366,759 a/o Sep 14, 2016
Authorized Shares 200,000,000 a/o Oct 26, 2015
Outstanding Shares 124,325,003 a/o Jun 20, 2016