By EasyMed Services Inc. has secured Depository Trust & Clearing Corp. eligibility for the company's shares trading on over-the-counter bulletin board under the symbol EMYSF.
As previously reported on Sept. 28, 2012, the company had commenced an application with the United States' DTCC for book-entry-only or electronic trading of the company's over-the-counter securities. "Becoming DTCC eligible simplifies how EasyMed's securities may be traded or exchanged, providing market-makers and brokerage firms an efficient means of moving and settling trades electronically, thereby providing our shareholders greater liquidity and an expansion of the types of investors who may now consider investing in our company," stated Jared Scharf, chief financial officer and director of EasyMed. "If a company is non-DTCC eligible many institutions will not trade their stock or simply restrict it from being traded due to the amount of paperwork or manpower required to place and execute trades. Now that EasyMed is DTCC eligible our shares can be traded or exchanged electronically through brokerage firms throughout North America."
"We are pleased to report we have completed the DTCC's investigative process and have satisfied their requirements as an established company with a solid business plan and management team poised for growth," explains Tejinder Sahota, chief executive officer of EasyMed. "This is a very important milestone for our company as we begin to expand into the American markets and look forward to providing a vibrant market for U.S. investors in their home country."
About DTCC
Through multiple operating facilities and data centers around the world, DTCC and its subsidiary companies automate, centralize, and standardize the processing of financial transactions for thousands of institutions worldwide. With 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry, simplifying the complexities of clearance, settlement, asset servicing, global data management and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, derivatives, money market instruments, syndicated loans, mutual funds, alternative investment products, and insurance transactions. In 2011, DTCC's subsidiaries processed securities transactions valued at approximately US$1.7 quadrillion. Its depository provides custody and asset servicing for securities issues from 122 countries and territories valued at US$39.5 trillion. DTCC's global OTC derivatives trade repositories record more than US$500 trillion in gross notional value of transactions made worldwide across multiple asset classes.
For more information, please contact:
EasyMed Services, Inc.
Jared Scharf, Chief Financial Officer
js@easymedmobile.com
(416) 662-3971
Safe Harbour
This news release may contain forward-looking statements, which relate to future events or future performance, such as the continuing roll-out of the Company's primary product and the benefits of such products that may be realized by the Company's targeted customers, and reflect management's current expectations and assumptions about such future events or future performance. Forward-looking statements may also include, without limitation, any statement relating to future conditions or circumstances. These forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company and its management. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances or to reflect changes in the beliefs or opinions of the Company's management. The CNSX has not reviewed this release and therefore does not accept responsibility for the adequacy or accuracy of this release.
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