TORONTO, July 14, 2015 (GLOBE NEWSWIRE) -- Epcylon Technologies, Inc. (OTCQB:PRFC) ("Epcylon" or the "Company"), announces the signing of distribution agreements to enter China and other Asian countries between the Company and Leon Redensky of Lynx Capital Partners and Robert Gold effective June 29, 2015.
Jack J. Bensimon, Chief Executive Officer for Epcylon, said, "With Leon and Robert's strong network of customers and partners in China and other parts of Asia, this will enable wide distribution of the Stealth Trader Signal into the increasingly deregulated and rapidly growing Chinese market for sophisticated mobile trading tools for the masses."
Lynx Capital Partners, LLC, is a technology and equity trading company, with offices in New York, Montreal, Kiev (Ukraine), and the Cayman Islands. Mr. Redensky recently joined the Company's board of directors of Epcylon.
The deregulated financial services market in China is quickly becoming a gateway for trading for the masses. Recent legislation has allowed retail investors to open up to 20 trading accounts spread amongst an estimated 90 million traders. For example, combined turnover in Shanghai and Shenzhen increased to a record $380 billion last month, exceeding US trading volume by $132 billion. In comparison, trading turnover in London was $8.9 billion in May. This is favorable for intraday trading, enabling broader distribution for the sale of the Stealth Trader Signal. The Stealth Trader Signal is an application used on mobile devices.
A deregulated capital market in China has also led to reduced margin controls, which is the ability to borrow money to trade stocks. This is a common feature of equity markets globally. According to Macquarie Group Ltd, a leading Australian investment bank, margin trading as a percentage of overall market capitalization reached record numbers this year – much higher than any other capital market in history. Chinese traders and investors use their homes, cars, and other assets as collateral for margin accounts. This will enable investment accounts with more trading capital, helping to serve day-traders using the Stealth Trader Signal platform on mobile devices.
The growth in new investment accounts has been exponential: 14 million new trading accounts in May of 2015 alone, and five times the 2014 average for the year. BNP Paribas estimated that nearly 170,000 new stock trading accounts were opened daily in China at one point in 2015, ten times more than the 2014 average.
The Company will be distributing and selling the mobile Stealth Trader Signal in other regions of Asia including Hong Kong, Taiwan, Singapore, and Japan.
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 financial technology company developing proprietary software platforms for the global trading community. Epcylon's flagship platforms are the Stealth Trader and 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