SAN FRANCISCO, CA, Dec. 14, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- APT Systems, Inc. (OTC Pink: APTY), a fully-reporting, fintech company, advises today that our Board remains committed to expanding dialog with shareholders as we carefully consider all concerns voiced this past quarter. We are dedicated to evaluating every strategic decision from a shareholder perspective.
In this regard, the Company is announcing that it has updated its strategic business objectives consistent with prevailing market conditions along with consideration of feedback from advisors on how best to increase its value going into 2019. The objectives re-emphasized are operational excellence, optimal user experiences, and continued focus on advancing our solid industry relationships to deliver positive financial returns.
With the adoption of these streamlined strategic objectives, our CEO, Glenda Dowie, is pleased to announce the following aims and accomplishments.
Continued Commitment to Completing Financial Platforms
We are a platform-centric organization focused on both technology and financial services to support traders within the competitive global environment. Executing on our plan includes:
- Continue growing the complete suite of platforms to support Verifundr escrow, Tyrtrade cryptoasset exchange, Intuitrader for equities trading and commodities trading solutions
- Scaling our base of shareholders and growing a supportive Spera stablecoin community
- Utilize our proprietary technology to better support the users inside our financial ecosystem
- Create a procedure that will support clients by designing custom KYC and AML reports
We are in formal discussions and hope to complete an application in 2019 to obtain an appropriate broker licence to support trading activities on the Tyrtrade exchange and to deliver Spera for US dollars or vice versa. We are focused on building the business at an aggressive yet responsible pace to position APT Systems (and its subsidiaries) for long term sustainable success.
New Focused Revenue Programs with Moderate Outspend
The Board has identified the need to move the Company into generating cash flow to support its software development plans and to reduce the need for loans. We are pleased to announce the Company has begun its journey into the metal recovery and e-waste recycling market by committing to fund the launch of a small electronics recycling plant in Pennsylvania this month.
This undertaking is twofold. It is aimed at introducing revenues for the Company and rapidly improving its financial performance prospects and, to be proactively contributing to the management of the waste created by the prolific use of electronics. Part of the recycling process includes the recovery of precious metals such as gold and silver, along with copper and aluminum. Our mission is to ensure that no parts of the phones or computers go into landfills.
Additionally, the Board will seriously consider other opportunities that can be shown to demonstrably enhance operations relative to the current recycling plans, like prospects for developing a platform for posting prices to create more transparency inside the e-waste industry.
The APT Board of Directors is unified on this path forward and wants shareholders’ input to be used to better communicate, develop and implement these action plans. We are confident in this new thoughtful direction and strongly believe that our current undertakings to improve the financial performance of the Company are the best path forward at this time.
We thank you for your support and look forward to continued dialogue with you, as we and everyone associated with APT Systems is continuing efforts to preserve and build lasting shareholder value. We hope you will remain with us for the long haul.
Glenda Dowie, CEO
on behalf of The Board of Directors
About APT Systems Inc.: APT Systems Inc. is a financial technology company that is developing platforms, including trader access to proprietary charting tools, via the KenCharts application, and plans to launch its innovative trading application, Intuitrader. Verifundr is an escrow and payments platform and Tyrtrade is an interchange for minting and delivering Spera, a stable coin. Management also strategically reviews other compatible financial businesses which demonstrate strong growth potential. We are continuing our diligent search for software products that would enhance our operations. Management launched its subsidiaries SNAPT Games, Inc. and RCPS Management, Inc. to further facilitate new products, acquisitions and long-term goals.
About Spera stablecoin: To find more information and access the white paper, please visit https://Sperastablecoin.com
Disclaimer - Forward Looking Statements: This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements; projected events in this press release may not occur due to unforeseen circumstances, various factors, and other risks identified in a company's annual report on Form 10-K and other filings made by such company. APT Systems, Inc (APTY) may opt to also disseminate information about itself, including the results of its operations and financial information, via social media platforms such as Facebook, LinkedIn, and Twitter.
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Contact: Glenda Dowie, CEO at 415-200-1105
Investor Information - http://www.aptsystemsinc.com/online-investor-kit-for-apt-systems-inc-apty/