TORONTO, April 30, 2015 (GLOBE NEWSWIRE) -- Epcylon Technologies, Inc. (OTCQB: PRFC) ("Epcylon" or the "Company"), announces a strategic partnership with Global Prime Trader (GPT), one of the largest proprietary trading groups worldwide with access to a $1B USD trading facility.
GPT has over 1,000 traders worldwide, trades 1B shares monthly, and operates 5 market centers. GPT exclusively uses the Sterling Trader trade execution platform. GPT's main competitive advantages are its sophisticated order routing system coupled with its low trading costs.
As part of the revenue share agreement with the $10MM USD trading capital, Epcylon will receive 80 percent of the net trading profits, while GPT will receive 20 percent of the net profits for the first 90-days of the agreement. The Stealth-Prop Trading arm will generate additional revenue for the Company.
Jack J. Bensimon, Chief Executive Officer (CEO) of Epcylon, said, "The partnership further underscores the market value of the Stealth Trader Intelligence platform which has proven to be profitable for intraday trading of equities, options, currencies, fixed income, futures, and ETFs on any capital market. We have traders using the Stealth Trader platform to generate monthly trading profits that exceed many of the major hedge fund returns."
The initial $10MM USD in trading capital will generate monthly trading profits that will add to the Company's topline growth. The partnership is anticipated to expand over time, with access to upwards of a $1B USD trading facility through GPT. Additionally, the GPT trading facility will assist with the funding of Epcylon's proprietary robotic trading algorithm, The Colony Auto-Trader, which has demonstrated a positive expectancy.
Stealth Trader Intelligence was officially launched to retail customers in March, 2015 and is an approved Bloomberg Power App, distributing the software through its over 325,000 Bloomberg Terminals.
More information on Epcylon, our products and our services can be found at the web address listed below.
Signed,
Todd Halpern
Chair, Board of Directors
About Epcylon Technologies, Inc.
Epcylon Technologies Inc. is headquartered in Toronto, Ontario, and is a leading FinTech company developing proprietary software platforms for the global capital markets vertical. Epcylon's flagship platforms are the Stealth Trader Intelligence and The Colony Auto-Trader. Epcylon is listed on the OTCQB under the symbol, "PRFC." For more information, visit www.epcylon.com and www.stealthtrader.com.
Forward-Looking Statements
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Epcylon Technologies Inc., please refer to its website at http://www.epcylon.com