New Asia Holdings Inc (NAHD) Completes the Acquisition of Magdallen Quant Pte Ltd a Company that Owns Proprietary, Trainable, Trading Algorithms

SINGAPORE, Sept. 8, 2015 /PRNewswire/ -- New Asia Holdings Inc (OTCQB: NAHD), formerly DM Products Inc (DMPD) (the "Company"), is proud to announce that on August 25^th 2015, it entered into a final Sale and Purchase Agreement for the acquisition of 100% of the issued and outstanding shares of equity securities of Magdallen Quant Pte Ltd ("MQL") and on August 28th, 2015, completed the acquisition. MQL is now a wholly-owned subsidiary of the Company.

MQL is a company incorporated and based in Singapore involved in the research, development and deployment of advanced, proprietary, state-of-the-art, trainable trading algorithms. As previously announced, the Company has, over the last several months, undertaken a thorough due diligence and evaluation of the Proprietary Trainable Trading Algorithms assets owned and developed by MQL. The Company has acquired the following set of assets, three Proprietary Trainable Trading Algorithms:

• Series X Pound/Dollar
• Series Y Pound/Dollar 
• Series Z Multi-asset Currency and Gold

The negotiated purchase price of this acquisition is on the basis of a share swap of 7,422,000 new restricted shares of Common Stock of NAHD in exchange for entire issued and paid-up capital of MQL, which is 8,000,100 number of shares issued at par value of SGD $1.00 per share, which is 100% of the issued and outstanding shares of equity securities of MQL.

The Company will offer these proprietary, trainable, algorithm trading software solutions to broker-dealers, banks, funds and other clients on the basis of a "Software as a Service (SaaS)" licensing and delivery models, with licensed users availing themselves of service-based contractual arrangements.

NAHD Chairman and CEO, Dr. Lin Kok Peng stated, "..we are very proud to have concluded the strategic acquisition of these unique proprietary assets. An independent, third-party valuation undertaken by the renown firm, Incremental Advantage LLC, and conducted by its Managing Director, David Wanetick, a world-renown expert in valuations and business modeling, confirms a value of these assets to be greater than $10,000,000..."

Dr. Lin further elaborated on the unique attributes of these proprietary assets: "...The three primary competitive advantages associated with our proprietary trading algorithms are; rates of return, efficiency and safety. Our 'Algo's" and are the only ones that can be "tuned" to minimize risks, such as variations in the 'Stop loss' (risk tolerances) per trade between 1% (least risk) to 3% (more moderate risk) and are typically not used on high-frequency trading applications..." Dr Lin added that, "...The results of our detailed due-diligence and back-end testing evaluations have demonstrated very exciting results; winning percentages in the range of 60% to 80% and annual returns of over 60%. Thus our trainable, trading Algo's will achieve much higher returns with a minimum risk on capital..." Dr. Lin further elaborated that, "...based on the above back-end testing, our state-of-the-art proprietary, trainable, trading algorithms have already produced an influx of strategic clients that, we believe, will work with us in the very near future and we thus expect revenues from these operations to commence by the Fourth Quarter, 2015."  

It is noted that MQL's revenue model will be based on license fees for use of its Proprietary Trainable Trading Algorithms and service fees for monitoring, improvements and/or variations of these Proprietary Trainable Trading Algorithms. The Company has also confirmed that it intends to utilize its in-house proprietary neural trading models to trade its own funds, thus providing added value to its shareholders.

The Company further announced that Dr. Allen Yeo will join the MQL/NAHD Team in a senior advisory position. Dr Lin stated, "...Dr. Yeo brings an exemplary track-record of success in creating next generation proprietary neural platforms which integrate state-of-the-art trading algorithms and which have been proven and tested to achieve much higher returns. Dr Yeo is also a distinguished Intellectual Property (IP) Business Consultant, recognized by the Intellectual Property Office of Singapore for his illustrious track-record of providing strategic IP support to Singapore Small and Medium Enterprises (SMEs). Dr Yeo was a PhD Scholar, specializing in Bio-Physics related research applications from Glasgow University in the United Kingdom and an MBA Scholar from the University of Buffalo (SUNY).

The Company believes that its proprietary algorithms emulate aspects of the human brain, integrating a self-training ability to formalize unclassified information and thus develop an enhanced ability to make decisions based on the historical information and other data available at their disposal.  The Company's states that its proprietary, trainable, trading algorithm assets analyze price data and uncover opportunities. Thus, trade decisions are based on thoroughly analyzed data (which, the Company believes, is not generally possible when using traditional technical analysis methods). The Company further believes that its platforms overcome the inefficiency and emotional inconsistencies typically associated with human trading and will thus offer its clients and shareholders a series of "Next-Generation" tools that can detect subtle non-linear interdependencies and patterns that other methods of technical analysis are unable to uncover.

For more information, please contact:

New Asia Holdings Inc
33 Ubi Ave 3
07-58 Vertex Tower A
Singapore 408868
Tel: +65-6702 3808
[email protected]

Safe Harbor Statement: Certain statements and information included in this release may constitute "forward-looking statements" as defined in the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied in such statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the Company's SEC filings. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws.

SOURCE New Asia Holdings Inc