AUSTIN, TX--(Marketwired - Sep 1, 2015) - AVEW Hol
Post# of 117
Posted On: 09/01/2015 10:55:11 AM
AUSTIN, TX--(Marketwired - Sep 1, 2015) - AVEW Holdings Inc. (OTC PINK: AVEW) today announced the Depository Trust & Clearing Corporation (DTCC) accepted eligibility of AVEW stock as of August 19, 2015.
Deposit Trust & Clearing Company was founded in 1973 as a limited purpose trust company and provides safekeeping through electronic record keeping of securities balances. Based in New York, the DTCC settles the large majority of securities transactions in the U.S.
As a clearing corporation, it will settle securities transactions for a fee. DTCC will facilitate the execution of a trade by transferring funds, assigning deliveries, and guaranteeing the performance of all obligations.
Jose Chavez, CEO, stated, "The electronic record keeping saves time, reduces cost, and guarantees transaction performance. We went an extra step after our stock reorganization to obtain DTCC approval."
Mr. Jay Ling, President, added, " DTCC eligibility is a major step in providing quick liquidity for our shareholders and will enhance AVEW's ability to discuss financing relationships not available to us prior to this event. It is another step in a positive direction of investor relations and corporate credibility."
The imposed twenty-day period by FINRA on the AVEWD stock symbol has expired as of 8/26/15. The AVEW Holdings Inc. symbol has reverted back to "AVEW".
AVEW Holdings Inc. continues to work on finalizing financial audits for the past two years and submit its application to OTC Markets to up list from OTC: PINK to OTC: QB.
Deposit Trust & Clearing Company was founded in 1973 as a limited purpose trust company and provides safekeeping through electronic record keeping of securities balances. Based in New York, the DTCC settles the large majority of securities transactions in the U.S.
As a clearing corporation, it will settle securities transactions for a fee. DTCC will facilitate the execution of a trade by transferring funds, assigning deliveries, and guaranteeing the performance of all obligations.
Jose Chavez, CEO, stated, "The electronic record keeping saves time, reduces cost, and guarantees transaction performance. We went an extra step after our stock reorganization to obtain DTCC approval."
Mr. Jay Ling, President, added, " DTCC eligibility is a major step in providing quick liquidity for our shareholders and will enhance AVEW's ability to discuss financing relationships not available to us prior to this event. It is another step in a positive direction of investor relations and corporate credibility."
The imposed twenty-day period by FINRA on the AVEWD stock symbol has expired as of 8/26/15. The AVEW Holdings Inc. symbol has reverted back to "AVEW".
AVEW Holdings Inc. continues to work on finalizing financial audits for the past two years and submit its application to OTC Markets to up list from OTC: PINK to OTC: QB.
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