APT Systems Inc (APTY)

[kinglord]

On May13, 2016, APT SYSTEMS, Inc.’s (“the Company”) Board of Directors authorized a share buyback program (the “Share Repurchase Program”), pursuant to which the Company may, from time to time, purchase shares of its common stock for an aggregate amount not to exceed 25,000,000 common shares. Share repurchases may be executed through various means, including, without limitation, open market transactions, privately negotiated transactions or tender offers. The Share Repurchase Program has an expiration date of January 31, 2018 and does not obligate the Company to purchase any shares. The authorization for the Share Repurchase Program may be terminated, increased or decreased by the Company’s Board of Directors at any time prior to expiration date.

The Company expects to fund the Direct Share Buyback from existing cash on hand or through appropriate loan redistributions.