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Titan Trading Analytics Inc. Announces Software Transfers and Consulting Agreements.


EDMONTON, Alberta -- Titan Trading Analytics Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
 VENTURE:TTA TTA Telecommunications Technology Association (Korea)
TTA Teacher Training Agency (UK)
TTA Triangle Transit Authority (Raleigh/Chapel Hill/Durham, North Carolina, USA) 
) (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:TITAF TITAF Third International Transportation and Automotive Fair ) ("Titan") is pleased to announce that it has entered into a Software Transfer Agreement with Phillip Carrozza, a director of Titan, and Cignal Technologies, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, a company wholly-owned by Mr. Carrozza, with respect to the transfer of certain trading models, suitable for stocks or futures and software-based formulas that implement the trading models and their accompanying indicators. Pursuant to the Software Transfer Agreement, Titan will issue to Cignal Technologies and Mr. Carrozza a total of 3,000,000 common shares, 1,000,000 of which common shares will be issued on closing and the remaining 2,000,000 common shares to be issued in 1,000,000 share increments in each of 2007 and 2008 and 1,000,000 performance warrants. The Software Transfer Agreement provides Cignal Technologies with a right of first refusal Right of First Refusal

In general, the right of a person or company to purchase something before the offering is made available to others.

Notes:
For example, a football team may have the right of first refusal on a player's contract.
, in the event that Titan becomes insolvent, to match a proposed sale of the software to a third party.

Titan has also entered into a Software Transfer Agreement with Michael Gossland, a director and officer of Titan, with respect to the transfer of certain executable programs and software-based formulas. Pursuant to the Software Transfer Agreement, Titan will issue Mr. Gossland 1,500,000 common shares and 1,000,000 performance warrants. The Software Transfer Agreement provides Mr. Gossland with a right of first refusal, in the event that Titan becomes insolvent, to match a proposed sale of the software to a third party.

A total of 1,000,000 of the performance warrants issued to Cignal Technologies, Mr. Carrozza and Mr. Gossland are exercisable at a price of $0.50 per share for a six month period commencing November 1, 2007 and the remaining 1,000,000 performance warrants are exercisable at a price of $1.00 per share for a six month period commencing November 1, 2008. The release of these warrants is conditional upon the 20 day average stock price on these dates being no less than $1.00 and $2.00 per share respectively.

In connection with the Software Transfer Agreements, Titan has entered into consulting agreements with each of Cignal Technologies and Michael Gossland, whereby they will provide consulting services to Titan until October 31, 2008.

Cignal Technologies started the original automated stock trading automated stock trading

The trading of securities without the direct assistance of a broker or specialist. Generally, automated stock trading involves investor trading of securities via computer.
 project over 6 years ago and spent approximately US$600,000 on its development. Gossland joined Cignal's development effort three years ago and was originally funded by Cignal. In June 2003, a licensing agreement was struck between Cignal and Titan whereby Titan would fund further development in return for a 99 year lease to use the software for its own business purposes and Cignal would retain ownership of the intellectual property. The newly completed software transfer agreements terminate the June 2003 licensing agreement and give Titan full ownership of the software developed to date as well as into the future.

The acquisition strengthens Titan's core assets and will allow Titan to plan to expand further into the area of trade management. Ken Powell, Titan's President, sees the acquisition as an important step forward for Titan. "With the full ownership of this software, Titan has achieved a critical milestone. We can now move forward toward our goal of becoming a recognized leader in trading technology and trade management."

The trading industry as a whole is moving to automation. According to figures from the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
, program trading program trading, a form of securities trading, also known as index arbitrage. Program traders exploit the price discrepancies between indexes of stocks and futures contracts by using sophisticated computer models to hedge positions.  averaged 21.1 percent of NYSE NYSE

See: New York Stock Exchange
 volume during Jan 18-21, 2000 but rose to 53.9 percent during Jan. 9-13, 2006. Titan's acquisition of the automated stock trading software firmly establishes it as a participant in this area of growth. Over the course of the development, the software has evolved into a system capable of trading stocks, futures and foreign currencies on time frames ranging from minutes to days. Titan has already announced a joint venture agreement between its wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
, Titan Trading USA, and a leading financial institution to begin a 90 day beta test of its proprietary Titan Order Processing System (TOPS) software.

In the future, Titan plans to develop a real-time data analysis and charting platform to replace the third party platform upon which it now depends. Titan also has longer term plans to expand its trading operation to include markets in Europe and the Far East.

The software transfer agreements mentioned above are subject to regulatory approval of the transfers of the software and the issuance of the securities. Titan has not paid any finder's fees in connection with the above transactions. All of the securities issued in connection with the software transfer agreement are subject to a four month hold period. After giving effect to the issuance of the 4,500,000 common shares, the Corporation has 30,682,296 common shares issued and outstanding.

This release may contain forward looking statements within the meaning of 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 US laws. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward looking statements. Titan does not assume any obligation to update any forward looking information contained in this news release.

The TSX Venture Exchange TSX Venture Exchange

Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors.
 does not accept responsibility for the ad equacy or accuracy of this release.

Titan Trading Analytics Inc. (TSX VENTURE:TTA) (OTC Bulletin Board OTC Bulletin Board

An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system.
:TITAF)
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 7, 2006
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