DTCC Eligibility Allows for Efficient Electronic Clearing and Settlement of EMYSF Common Stock
GENEVA, SWITZERLAND–(Marketwire – January 3, 2013) – EasyMed Services Inc. (CNSX: EZM)(OTCBB: EMYSF)(MUN: EY6) (“EasyMed” or the “Company”) is pleased to announce today that it has secured Depository Trust & Clearing Corporation (DTCC) eligibility for the Company’s shares trading on Over the Counter Bulletin Board under the symbol EMYSF.
As previously reported on September 28, 2012, the Company had commenced an application with the United States’ DTCC for book-entry-only (“BEO”) or “electronic” trading of the Company’s Over the Counter (OTC) 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 Mr. Jared Scharf, CFO 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 Mr. Tejinder Sahota, CEO 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 US investors in their home country.”
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.
About EasyMed Services Inc.
EasyMed Services Inc. (CNSX: EZM)(OTCBB: EMYSF)(MUN: EY6) is a global medical information technology company delivering an end-to-end patient care solution through mobile phone, PDA and smartphone technologies. To learn more, please visit www.EasyMedMobile.com.
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.
EasyMed Services Inc.
Jared W. Scharf
CFO & Director