EasyMed Services Secures Depository Trust & Clearing Corp. (DTCC) Eligibility Status
GENEVA, SWITZERLAND, Jan 03, 2013 (MARKETWIRE via COMTEX) --
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
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
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
SOURCE: EasyMed Services Inc.
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