Mobile Integrated Systems and Quantitative Alpha Trading Release First Mobile Application Under Partnership Agreement
TORONTO, June 28, 2012 /PRNewswire/ -- Mobile Integrated Systems, Inc. (OTC: MIBI) and Quantitative Alpha Trading Inc. (CNSX: QAT) are pleased to announce the beta release of the first mobile application under the previously announced partnership to co-develop and market a family of securities tracking mobile apps called Market Sentiment Navigator (MSNav) or the app.
The first in an eventual family of securities tracking mobile apps, MSNav Mobile is immediately available for download in the Google Play App Store (formerly Android App Store). The BlackBerry version will be released by mid July. The iPhone version will follow later in the year. During the Beta period the application will be free to download and use with full functionality. Normally the user would pay a monthly fee to use the app.
"This synergistic partnership has quickly borne fruit. The combined teams have executed as expected and delivered the first co-developed app, MSNav Mobile," said Murray Simser, President and Chief Executive Officer of Mobile Integrated Systems. He added, "MSNavMobile is a unique mobile property that will enable traders to penetrate market sentiment through an awareness of what is overbought or oversold. That it is available free during the Beta period should enable many users to try before they buy."
MSNav Mobile's unique mobile sentiment-based securities tracking system will offer traders and investors tremendous insights into what any electronically traded securities' price might look like in the near future. The ability to harness this intelligence on a mobile device should prove extremely valuable to any trader.
"We are delighted to release this incredible technology to traders. We have chosen to follow traditional software release methodologies to ensure we deliver a quality stable product to the market. Initially we will offer MSNav Mobile free during the Beta period, then we will release the paid commercial version. The Beta period serves two purposes, the ability to fix bugs before the commercial release and to increase awareness of the apps capabilities," said James McGovern, Chief Executive Officer of Quantitative Alpha Trading.
Initially the beta version of MSNav Mobile will be available free of charge on Android and Blackberry devices through the end of September 2012. In October 2012 the free product will be discontinued and replaced with a paid version that includes a free trial. MSNav Mobile will be available on iOS including iPhone and iPad, as well as all Android and Blackberry devices.
About Quantitative Alpha Trading, Inc.
For more than a decade, QAT has been researching, developing and maintaining proprietary algorithmic securities trading systems that operate across numerous financial markets. Relying on behavioural science patterns, the Company's proprietary systems use a linked series of computer programs to analyze securities market data in real-time and directly execute buy or sell orders over the electronic securities exchanges while monitoring the status of every trade within a given portfolio without human intervention. The Company trades on CNSX under the symbol QAT and in the United States on the OTCQB under the symbol QATSF. http://www.qatinc.com/
About Mobile Integrated Systems, Inc.
Mobile Integrated Systems, Inc. is a technology company focused on developing and deploying mobile products and transaction systems to a variety of industry sectors including lotteries, gaming, transportation, telecommunications, and finance, among others. More information can be found at: http://mobileintegratedsystems.com/
This press release contains "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Such forward-looking statements are inherently uncertain. Our actual results may vary materially from those expressed in any forward-looking statements as a result of various factors and uncertainties. Mobile Integrated Systems, Inc. or Quantitative Alpha Trading Inc. cannot provide assurances that any prospective matters described in the press release will be successfully completed or that Mobile Integrated Systems, Inc. or Quantitative Alpha Trading Inc. will realize the anticipated benefits of any transactions. Various risk factors that may affect our business, results of operations and financial condition are detailed from time to time in the Annual Report on Form 10-K and in the Current Reports on Form 8-K and other filings made by Mobile Integrated Systems, Inc. with the U.S. Securities & Exchange Commission. Mobile Integrated Systems, Inc. or Quantitative Alpha Trading Inc. undertakes no obligation to update information contained in this release.
CNSX or any other exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
SOURCE Mobile Integrated Systems, Inc.