Private Trading Systems Announces Additional Capital Infusion; Balance Sheet Reflects Assets in Excess of $10 Million.SCOTTSDALE, Ariz. -- Private Trading Systems, Inc. (Pink Sheets:PVTD) announces that its shareholders have infused a mix of cash and publicly traded securities into the Company adding an additional $1.6 million of assets. Combined with the value of the assets previously announced, the Private Trading Systems balance sheet currently reflects total quick assets Personal property that is readily marketable. Quick assets are items, such as jewelry, that can be easily converted to cash for immediate use. in excess of $10 million in cash and marketable securities Marketable Securities Very liquid securities that can be converted into cash quickly at a reasonable price. Notes: Marketable securities are very liquid as they tend to have maturities less than one year, and the rate at which these securities can be bought or sold has . Private Trading Systems has completed a certified audit of its U.S. operations. The Company has engaged auditors for its two European operations and expects the audit to be concluded in September. Private Trading Systems then plans to file the necessary 10K and 10Q's with the SEC taking the Company to full reporting status followed by an application for listing on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. . Further announcements will be issued as each milestone is reached. About Private Trading Systems Private Trading Systems, Inc. is developing turnkey exchanges for all types of assets to which a CINS/CUSIP number can be assigned or created. Private Trading Systems is a quick, effective and proprietary venue for secure, clean and efficient electronic transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. . It is designed to preclude specific forms of illegal manipulative trading of any security for which it provides exchange services. The intention of the Company is to offer an "exchange environment access" through a unique design of exchange services and proprietary integration of functions that is not currently available anywhere in the world. Private Trading Systems has partnered with Societe Bancaire Privee (SBP SBP Spontaneous bacterial peritonitis, see there ) of Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. , Switzerland as the Company's custodian and bank partner. The Swiss Federal Banking Commission must approve all exchanges taking place on Private Trading Systems prior to concluding any transaction. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release contains statements that are "forward-looking" and are made pursuant to the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 and federal securities laws. Generally, the words "expect", "intend", "estimate", "will" and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business, which are not historical facts, are "forward-looking" statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. |
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