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| ICNM Makes Another Move to Benefit Their Shareholders |
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 Hot Stock to Watch |
Company: Icon Media Holdings (Pink Sheets: ICNM)
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Last:
Price: 0.0001
Change (%): + 0.00 (0.00)
Volume: 886,673,448 |
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Icon Media Holdings, Inc. Announces Its Stock is Now DTC DWAC/FAST Eligible
RALEIGH, NC-(Marketwired - Mar 28, 2017) - Icon Media Holdings, Inc. (OTC PINK: ICNM), a diversified global technology company that specializes in technical services for the cellular and wireless industries, is pleased to announce it has received approval from The Depository Trust Company (“DTC”) of New York, NY to become DTC electronic (DWAC/FAST) eligible.
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. DWAC/FAST eligibility provides significant financial savings for investors on brokerage and transfer fees associated with processing of physical certificates.
With this newly approved stock transfer capability, Icon’s shareholders can now transfer their shares of ICNM electronically after buying or selling on the open market without the extra expense and delay from process of requesting and transferring physical certificates.
Companies approved for DWAC/FAST electronic transfers often experience higher trading volumes in their stock given the additional accessibility and availability of shares for trading.
“Thanks to the support of our Transfer Agent, Signature Stock Transfer, Inc., achieving ‘DTC eligibility’ is a shareholder-friendly step to greatly simplify the process of trading and exchange the Company’s common stock and maintain the highest level of efficiency, accountability and compliance standards through the electronic trading platforms. This is another important step in our evolution as a public company and we are pleased to make this announcement,” stated Rob Deakin, Chairman and CEO of Icon Media Holdings, Inc.
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