Epcylon Technologies, Inc., builder of the intuitive trading software application Stealth Trading Platform, is to put its trading software to the test for all to see. After closing a $2,000,000 private placement, part of the investor money will be used to test their software trading application. The results will be released after the three month test completes.
To prove the value of Epcylon’s proprietary Stealth Trading Platform, the funds are to be placed in a restricted account, for use as a trading account to demonstrate the results of the software.
Speaking about the trading platform, Doug McKay, Director of Trading said “Having the ability to publicly demonstrate the effectiveness and success of our STP is awesome! We are demonstrating game changing software technology. We plan on monetizing this valuable proprietary asset.” The results should be clear in three months, after the quarterly results are filed. McKay said “our results will speak for themselves.”
As well as the trading platform, the company is seen as an innovator in three other areas: applications that help charities with their fundraising, and in sports trading; energy efficient lighting technologies; and sustainable building materials.
Epcylon says the private placement funds will be used for two other purposes, related to stock exchange listing.
The company wants to graduate to the OTC.QX Exchange, which they will qualify for, once the funds are in place. They also want to be listed on the Canadian Securities Exchange (CSE) in Toronto, Canada. Applications for these listings are either in progress or will be lodged now the funds are available.
Epcylon CEO and Director, Peter George says the company is working to maintain high standards, and move through the stock exchanges, to a listing on the NASDAQ Small Cap.
Chairman of the Epcylon Board, Todd Halpern said the placement allowed them to expand to become a global company, with a broader shareholder base.
Epcylon aims to improve its corporate recognition with “institutions, clients, market makers, analysts and shareholders,” according to Halpern.
In three months from now, the results of the trading will be available for all to see.