Remington Ventures Inc.

This post is to inform our shareholders that there is another incarnation of this scam against our shareholders underway. We were contacted today by one of our UK shareholders and sent a copy of the bogus solicitation that they received by email offer. This time it is coming from an outfit calling itself Worthington Financial Group. A copy of this solicitation that has been edited to protect the privacy of our shareholder has been uploaded and made available from this link. Bogus Solicitation Example

What they are after in this case may be our shareholders $13,313.20 by dangling an alleged $652,346.80 if the shareholder just pays the administration fee. This looks like a completely bogus offer and we are taking that position until the company making this offer can contact management and clarify their position.  From its content and appearance we conclude that this offer might also be a phishing attempt to get our shareholders’ bank data, for the likely purpose of obtaining bank information for illegitimate purposes so if you receive one of these offers be so warned and please report it to us.

Please submit immediately all reports of this type of potential shareholder abuse using the form below. Be sure to upload any attached forms you received from these scams perpetrators so we will have a copy to submit for our investigation of the legitimacy of these offers.

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Management warns every stockholder that illegitimate and suspicious offers are circulating. Management has attempted to authenticate the offers to no avail. Stockholders are warned to avoid ANY offers that involve up front fees and Management will communicate any legitimate offers to stockholders. There are NO LEGITIMATE offers to acquire all or a majority of Remington Ventures at this time.”

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HOUSTON, May 23, 2008 - Quantum Bit Induction Technology, Inc. (OTC:QBII) announces plans to offer, to the public, nuclear powered automotive fuel saving devices. The company plans to introduce its first fuel saving product for vehicles in coming days. The product is being developed in cooperation with Michael McDonnough of Remington Ventures, Inc.. The company plans to sell the product in cooperation with Mustang Performance Headquarters, Inc.

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This notice is for share holders and others interested in REMV. We have begun work on the development contract from Quantum Bit Induction Technology Inc. The development work is underway and we expect to have the initial prototype delivered to QBII within just a few short weeks. The reason for the rapid development time is that both QBII and Michael McDonnough president of REMV have been in development of this technology as a theoretical model, and have done all of the preliminary investigations in this technology effort over the past several years.

Now that the effort has received funding we can go all out and get this technology to market in a rapid manner.

We are depositing a dense hydride layer on the surface of an area maximized low cost stainless steel electrode. This hydride layer has a high charge density as well as a densely packed wall of hydrogen molecules trapped in a confined space.

We are generating a plasma as well as an electric field so there is little nead for an electrolyte. It is similar in many respects to this High-temperature electrolysis [en.wikipedia.org] The difference is that the extra energy is being released from a plasma induced LENR [www.lenr-canr.org] instead of an outside heat source like solar and it will work 24 hours per day. Between the research I have done and the research Qbit has done in this area of technology we are pretty certain we can zero out the external fuel source eventually. It will end up being a pure alkali metal hydride LENR or nuclear transmutation induced plasma electrolysis cell [www.quantumbit.com]and it will make enough fuel cheap enough we can quit concerning ourselves about this problem and get back to being a productive nation and world and out of debt bondage for good. The first model will go out with a minimum of 50% fuel economy boost within 30 days.

We have designed the production units as a modular system so that as we increase the efficiency in the driver circuits, or the hydride electrodes our clients can upgrade them quickly and efficiently as our progress towards ever improving efficiency continues.

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Many of our share holders have been approached by one more of the following, Barclay Sinclaire Acquisitions, a Mathew Binder, or a Michael Davenport from NASDAQ/FINRA, also Singapore based TNC International parent company TNC in New Jersey, or Chris Walker from Sovereign Holdings.

The scam typically goes like this. They tell you they are working to acquire 51% of the company and they are paying $15 per share or some such thing and all they need is for you to pay an up front fee to get the restriction lifted on your shares. Typically this fee is between $1500 to $2000 or more.

It is completely a bogus operation that is only trying to scam you out of your money for the upfront fee and you will get nothing from this but the loss of your money. All share holders are cautioned not to deal with any of these suspected scam outfits as they have no possible way to obtain control of this company. I know all of the larger share holders and they are not interested in selling. We are going to do a private placement of our shares in the near future in fact to put more capital to work in these latest legitimate ventures we are working on.

We are asking all of our share holders to report this type of activity in detail to the company immediately so we can try and put a stop to these criminals. Please use the form below or use our phone numbers on the company page.

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The business plan for REMV is changing and our focus is expanding. The business model of investor supported software and hardware R&D for automated FOREX trading systems is limiting by nature so methods for revenue generation to support our R&D efforts will become the immediate focus of the company.

For many years our new president has been developing a proprietary floating construction technology through his NU Flotilla Company. The number of purchase inquiries for the products developed has risen sharply to the point where the only obstruction to progress in this venture is a small amount of capital investment of a relatively low comparable risk. The take off point was when Mr. McDonnough’s floating construction technology was featured in the May 2006 edition of Urban Land Magazine and on the front cover of that issue.

Download the 3.6MB PDF file of the UL article.

After this article came out he received purchase inquiries from all over the world and design contract offers from many developers as well. The interest is high and growing steadily. The technology has now matured, and the time is certainly ripe for this effort to be a great success. While the markets for housing have collapsed in the US the market in Panama is booming. Presently we are working with several developers in the Bocas Del Toro, Panama resort market securing contracts for floating vacation and retirement cabins for their resort developments as well as floating pools, hot tubs, gazebos and other recreation structures.

The need for this type of floating construction in the protected waterways along the Caribbean coast of Panama are enormous. The rain forest comes right up to the edge of the water, and is difficult to tame but the government of Panama is investing heavily in their infrastructure in the Bocas Del Toro area and more roads will become available in the future. This technology provides developers a unique opportunity in that floating constructions can be factory built and floated out to remote locations, then fixed into place with minimal impact on the environment while providing for a great deal of comfort to the resort dweller or retiree at a cost which compares to land based construction.

Here is an example of the floating homes our company has designed for the Cauchero Cove development in Panama.

There are many islands in the Bocas Del Toro, Panama market that are too small for more than a single family home to be constructed on them. With this floating home technology the island too small for multiple homes becomes more valuable as an anchorage for several floating homes around the island. Instead of the island being sold for one home now it can be the home for a small eco-resort of floating homes and having a much higher total value as a property.

The Cauchero Cove development has the approval from the Panama government for 16 of these floating home units so the revenue opportunity for our company is great right from the start. More developments in the area have shown interest and if we can build a model home center in the area it will generate significant interest.

We are in negotiations with land owners in this area of Panama and have designed some floating cabana models based on the owners specifications. The results are a unique design that we will offer for sale as small affordable eco-resorts for island developments.

The above image is our design for a rapidly built eco-resort that is completely self sufficient.

The cost of this small facility is in the range of $250,000 US and can be built in less than 1 month.

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The board of directors of Remington Ventures Inc. REMV has voted in Michael McDonnough as president of the company effective April 14th 2008. Michael Brown formerly the president will remain on the board of directors and will continue to be the company’s treasurer.

Mr McDonnough will bring the company into a new business direction focused on revenue generation via development of floating resort projects in the rapid growth markets of the Caribbean. The company will continue to develop cutting edge automated FOREX trading systems, and software but plan to further support these R&D efforts from revenue generated by our resort development projects.

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