Toronto, Ontario--(Newsfile Corp. - January 5, 2016) - Epcylon Technologies Inc, (OTC Pink: PRFC ) ("Epcylon" or the "Company") is a software company that develops and markets real-time data services for the financial technology, gaming and lottery markets.
The Company announces today that it has entered into a license agreement with Tactex Asset Management Inc., of Montreal, Quebec. Under the terms of the license agreement, Tactex will be entitled to use the Company's Stealth trading signal software and research as a tool to build portfolio strategies for the management of certain accounts. Tactex is registered as a Portfolio Manager in the provinces of Ontario, Quebec, New Brunswick, Alberta and British Columbia.
"We believe that Epcylon's Stealth platform offers valuable trading information to our managers and analysts and will form the basis of attractive fully-managed strategies. For Tactex, using the cutting edge trading technology in the Stealth platform for short term hold-period strategies allows us to better serve our clients. This dovetails with our goal of providing managed portfolios using the most advanced and efficient technologies we can leverage" says Liam Cheung, President of Tactex Asset Management Inc.
Epcylon and Tactex have also entered into a referral arrangement under the terms of which Epcylon may from time to time refer accredited investors and other potential clients to Tactex. The fully disclosed referral arrangement means that Epcylon will receive a referral fee from Tactex on the basis of referred clients opening accounts with Tactex.
"We're very pleased to license our platform to Tactex and believe this to be a winning proposal for both our firms. We see that Tactex is at the forefront of delivering efficient portfolio management services to its clients, and we believe that the Stealth platform can be effectively used to develop portfolios offering attractive returns for Tactex clients" says Kyle Appleby, of Epcylon Technologies Inc.
Definitive agreements have been finalized and are expected to be implemented in the coming months.
About Epcylon Technologies Inc.
Epcylon Technologies Inc. is a software company based in Toronto, Canada. For over a decade, the company has developed real-time data services for the financial technology, gaming and lottery verticals. Epcylon Technologies Inc. continues to expand its suite of proprietary desktop and mobile solutions into markets globally.
About Tactex Asset Management Inc.
Tactex Asset Management Inc. provides portfolio and wealth management services to clients residing in Quebec, Ontario, New Brunswick, Alberta and British Columbia. Tactex' mission is to use only efficient investment management platforms and infrastructure in order to build unique and cost effective service offerings for all its clients.
Forward-Looking Statements
Except for historical information contained herein, the matters set forth above may include forward-looking statements that involve certain risks and uncertainties. Words such as "may", "could", "anticipate", "believe", "estimate", "expect", "intend", "plan", and similar expressions are used to identify forward-looking statements. These forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements. Epcylon does not undertake any obligation to update any forward-looking statements and cautions investors to consider all other risks and uncertainties, including those disclosed in Epcylon filings with the United States Securities and Exchange Commission.
For further information, contact:
Media Relations Epcylon Technologies, Inc.
34 King Street East Suite 1010 Toronto, ON Canada M5C 2X8
Phone +1-416-479-0880
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