ICBM Today NEW YORK, May 31 /PRNewswire-FirstCall/ - ICBS Limited (ICBS) (Pink Sheets: ICBM) a business development and management firm located in New York and Canada, announced today that it has acquired a 50% ownership in the TrendSoft Corporation.
TrendSoft Corporation has developed an artificial intelligence computer program called i-Trend(R) which is an investment decision support system that allows a user to develop trading strategies against historical data and develops an optimal plan for individual needs and constraints.
i-Trend(R) takes advantage of an Artificial Intelligence technique called evolutionary computing to simulate the strategy used by investors who compete with each other under complex conditions. Such conditions may include personality for example - psychological factors which can have subtle impacts on investment performance.
The system uses historical data along with all available news and information regarding the target stock company and builds a data base which then commits current up-to-date trading information on a continuous daily basis, thereby allowing i-Trend(R) to optimize the users strategy and project conditions that will allow the user to position themselves with the target stock.
The company is projecting 1.5 million in sales within the first twelve months.
"We believe that our acquiring an interest in TrendSoft, that we are in keeping with the goals and objectives of ICBS" said Garth McIntosh, President and CEO, "Of acquiring and consolidating undervalued opportunities in selective high-growth industries to create value for our shareholders and target partners by combining expertise in both the product and capital markets. Acting as an incubator for emerging companies whose production and operational capability can be brought up to speed relatively quickly if product acceptance occurs."
You can visit them at; www.itrendsoft.com
NB. This news release includes statements that constitute forward-looking statements. Please be aware that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of any number of factors, including the risk factors contained in the Company's disclosure documents.
SOURCE Inter Canadian Business Service
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