SAN FRANCISCO, CA, September 15, 2016 – APT SYSTEMS, INC. (OTC PINK – APTY), a publicly traded, fully reporting company in the FinTech software sector, has today announced that Glenda Dowie, Chief Executive Officer and President of the Company, intends to strengthen her investment in the Company with the purchase of free-trading shares in the open market.
“My recent decision to acquire shares from the open market illustrates the level of confidence that we have in our commitment to building a solid foundation that can only bolster shareholder value. The Directors firmly believe that, at this stage, the Company is significantly undervalued. We are determined to fortify our structure in a continual effort to bring the share price into alignment with the Company’s intrinsic value and real growth potential”, said Ms. Dowie.
Dowie advised she may continue to purchase additional Company shares in subsequent open-market transactions up to an aggregate of 3,000,000 shares at her discretion. She concluded: “The ongoing purchase of these shares represents my unwavering faith in the long-term value of APT Systems’ intellectual property, and its flagship trading platform Intuitrader.”
The Company’s management team perceives, much like many other notable companies in their infancy, that its growth potential at this level remains exponential. Other stock purchases this year by CEOs that have demonstrated confidence in like manner are CEO Jamie Dimon, who bought stock in JPMorgan Chase, as did Michael Corbat who bought shares of Citigroup, as symbolic belief in the company’s future.
CEOs who have also acted upon their optimism include John Remondi of Navient, a company that provides financial products, and CEO Joseph Sullivan, who stepped up and bought shares of the now prominent financial firm Legg Mason. Over the past 12 years, there have been more than 200 instances of CEOs buying at least $1Million of their own company's shares. (Data provided was searched from filings with the Securities and Exchange Commission.)
The Company is finalizing the addition of an Online Investor Kit to the corporate website, aptsystemsinc.com, thereby making business facts, summaries and presentations readily available to the investing public. We expect it to be launched within in these next few days.
About APT Systems, Inc: APT is an acronym for Applied Proprietary Trading. The Management of APT Systems, Inc. works to deliver stock trading tools with a focus on handheld devices while also strategically acquiring financial software and other compatible businesses which demonstrate strong growth potential.
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. APTY may opt to disseminate information about itself, including the results of its operations and financial information, via social media platforms such as Facebook, LinkedIn and Twitter.
Glenda Dowie, CEO & President