Quantitative Alpha Trading (AGBTF) Inactive
Filed: 6 Jun 11, 12:00am
FOR IMMEDIATE RELEASE
QUANTITATIVE ALPHA TRADING INC. (formerly RTN Stealth Software Inc.)
AUTHORIZES TSX-V LISTING APPLICATION and RELEASES ANNUAL
FINANCIAL STATEMENTS.
May 2, 2011 (Toronto) – Todd Halpern, Chair of the Board of Directors of Quantitative Alpha
Trading Inc. (formerly RTN Stealth Software Inc.), announced today that the Company had
approved and released its annual audited Financial Statements for the year ended December 31,
2010, together with Management’s Discussion & Analysis in respect of the Company’s financial
results and performance over the preceding calendar year.
“Subsequent to its year end, the Company has taken a number of steps to position itself for
growth”, Mr. Halpern noted. “These steps include the expansion and strengthening of its Board
of Directors, as well as a bolstering of its balance sheet and cash position by satisfying and
eliminating USD $2.5 Million in long-term debt and completing an equity recapitalization that
generated CDN $2.5 Million of working capital for the Company.”
In addition, with the unanimous support of shareholders at its recent Annual General Meeting,
the Company also simplified its capital structure by approving the early conversion of all Class B
Preferred shares into common shares, adopted a new long-term incentive plan for members of
the Board and management and authorized the Company’s continuance from British Columbia
into Ontario. The share conversion and corporate continuance will be implemented over the
coming weeks.
In the wake of the recent growth in the Company’s total market capitalization, other initiatives
are also underway, Mr Halpern noted. “As we move forward with the Company’s operational
and technological development, we have instructed counsel to commence the process of applying
for a Tier 1 listing on the TSX Venture Exchange, a process that will be underway immediately”
he said. “Given the growing interest in software applications within the securities trading
industry, our goal is to steadily enhance investor access to information about the Company as
well as its visibility to shareholders and investors generally”.
About QAT
For more than a decade, QAT has been researching, developing and maintaining proprietary
algorithmic securities trading systems that operate across numerous financial markets. Relying
on behavioural science patterns, the company’s proprietary systems use a linked series of
computer programs to analyze securities market data in real-time and directly execute buy or sell
orders over the electronic securities exchanges while monitoring the status of every trade within
a given portfolio without human intervention. The company trades on the CNSX exchange under
the current symbol RTN.
For further information:
Jim McGovern QAT / Arrow Hedge Partners 1-416-323-0477 jim@qatinc.com
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Except for historic information, the matters discussed in this document contain certain forward-
looking statements. These statements involve known and unknown risks, delays, uncertainties
and other factors not under the Corporation's control that may cause actual results, levels of
activity, performance or achievements to be materially different from the results, levels of
activity, performance, achievements or expectations expressed or implied by these forward-
looking statements.
CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the
content of this news release.