Epcylon Technologies Inc. Signs License Agreement with Tactex Asset Management Inc.
Mittwoch, 06.01.2016 00:45 von DGAP
DGAP-News: Epcylon Technologies, Inc. / Key word(s): Miscellaneous
Epcylon Technologies Inc. Signs License Agreement with Tactex Asset
Management Inc.
06.01.2016 / 00:43
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Toronto, Ontario--(Newsfile Corp. - January 5, 2016) - Epcylon Technologies
Inc, (OTC Pink: PRFC ) ('Epcylon' or the 'Company') is a software company
that develops and markets real-time data services for the financial
technology, gaming and lottery markets.
The Company announces today that it has entered into a license agreement
with Tactex Asset Management Inc., of Montreal, Quebec. Under the terms of
the license agreement, Tactex will be entitled to use the Company's Stealth
trading signal software and research as a tool to build portfolio
strategies for the management of certain accounts. Tactex is registered as
a Portfolio Manager in the provinces of Ontario, Quebec, New Brunswick,
Alberta and British Columbia.
'We believe that Epcylon's Stealth platform offers valuable trading
information to our managers and analysts and will form the basis of
attractive fully-managed strategies. For Tactex, using the cutting edge
trading technology in the Stealth platform for short term hold-period
strategies allows us to better serve our clients. This dovetails with our
goal of providing managed portfolios using the most advanced and efficient
technologies we can leverage' says Liam Cheung, President of Tactex Asset
Management Inc.
Epcylon and Tactex have also entered into a referral arrangement under the
terms of which Epcylon may from time to time refer accredited investors and
other potential clients to Tactex. The fully disclosed referral arrangement
means that Epcylon will receive a referral fee from Tactex on the basis of
referred clients opening accounts with Tactex.
'We're very pleased to license our platform to Tactex and believe this to
be a winning proposal for both our firms. We see that Tactex is at the
forefront of delivering efficient portfolio management services to its
clients, and we believe that the Stealth platform can be effectively used
to develop portfolios offering attractive returns for Tactex clients' says
Kyle Appleby, of Epcylon Technologies Inc.
Definitive agreements have been finalized and are expected to be
implemented in the coming months.
About Epcylon Technologies Inc.
Epcylon Technologies Inc. is a software company based in Toronto, Canada.
For over a decade, the company has developed real-time data services for
the financial technology, gaming and lottery verticals. Epcylon
Technologies Inc. continues to expand its suite of proprietary desktop and
mobile solutions into markets globally.
About Tactex Asset Management Inc.
Tactex Asset Management Inc. provides portfolio and wealth management
services to clients residing in Quebec, Ontario, New Brunswick, Alberta and
British Columbia. Tactex' mission is to use only efficient investment
management platforms and infrastructure in order to build unique and cost
effective service offerings for all its clients.
Forward-Looking Statements
Except for historical information contained herein, the matters set forth
above may include forward-looking statements that involve certain risks and
uncertainties. Words such as 'may', 'could', 'anticipate', 'believe',
'estimate', 'expect', 'intend', 'plan', and similar expressions are used to
identify forward-looking statements. These forward-looking statements are
based on the current beliefs of management, as well as assumptions made by
and information currently available to management. Actual results could
differ materially from those contemplated by the forward-looking
statements. Epcylon does not undertake any obligation to update any
forward-looking statements and cautions investors to consider all other
risks and uncertainties, including those disclosed in Epcylon filings with
the United States Securities and Exchange Commission.
For further information, contact:
Media Relations Epcylon Technologies, Inc.
34 King Street East Suite 1010 Toronto, ON Canada M5C 2X8
Phone +1-416-479-0880
Click on, or paste the following link into your web browser, to view
the associated documents
http://www.newsfilecorp.com/release/18739
News Source: Newsfile
---------------------------------------------------------------------------
06.01.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Epcylon Technologies, Inc.
Canada
ISIN: US29414G1031
End of News DGAP News Service
---------------------------------------------------------------------------
427251 06.01.2016