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Tuesday, June 10, 2014 9:18:23 AM
http://finance.yahoo.com/news/ovations-holdings-inc-secures-dtc-124000403.html
DORAL, FL--(Marketwired - Apr 10, 2014) - In Ovations Holdings, Inc. (OTC Pink: INOH) (PINKSHEETS: INOH) has secured DTC eligibility by The Depository Trust Company for its shares on the OTC effective April 2, 2014.
The Depository Trust Company (DTC) is a subsidiary of the Depository Trust & Clearing Corporation DTCC, and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible." This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors.
Mark Goldberg, CEO, stated, "We are pleased to announce that we have obtained DTC eligibility. Electronic trading is the standard in today's financial markets, and becoming DTC-eligible greatly simplifies the process of trading our common stock. We continue to make positive steps to grow the Company. We would like to thank VStock Transfer, www.vstocktransfer.com, for its guidance through this process."
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