LiteLink Announces DTC Eligibility of Its Common Shares
08 5월 2019 - 8:00PM
LiteLink Technologies Inc. (“LiteLink” or “the Company”) (CSE:LLT)
(OTC:LLNKF), a key player in logistics platforms and payment
solutions, is pleased to announce that it has secured eligibility
by The Depository Trust Company ("DTC") for its shares on the
OTCQB.
DTC eligibility will simplify the process of trading and is
expected to enhance the liquidity of the Company's common shares on
the OTC marketplace where LiteLink now trades under the symbol
"LLNKF".
DTC is a subsidiary of the Depository Trust & Clearing
Corporation, a U.S. company that manages the electronic clearing
and settlement of publicly traded companies. Securities that are
eligible to be electronically cleared and settled through DTC are
considered to be "DTC eligible”. This electronic method of clearing
securities speeds up the receipt of stock and cash, and thus
accelerates the settlement process for certain investors.
"We are very pleased to have obtained DTC eligibility," said
LiteLink CEO Ashik Karim. "DTC eligibility simplifies the process
of trading and transferring LiteLink shares in the U.S. market and
improves liquidity in our shares in all markets.”
LiteLink would also like to announce that its Chief Innovation
Officer and Director, Yasmine Roulleau has resigned from the
company, effective April 30, 2019. Yasmine Roulleau has tendered
her resignation with LiteLink in order to focus on her company,
GameSecure, which she co-founded in 2016.
About LiteLink Technologies Inc.LiteLink is a
major player in developing world-class enterprise platforms that
utilize artificial intelligence, blockchain, and predictive
analytics to solve fragmented and outdated technology problems in
the logistics and digital payment industries. Our flagship
1SHIFT logistics platform offers real-time transparency and
tracking which allows brokers, shippers, and carriers to track
shipments and settle payments in real-time. uBUCK Pay is a
multi-currency digital wallet that supports traditional fiat and
digital currencies. Consumers are able to make online and
offline purchases using the uBUCK debit card and send funds
worldwide for free.
For more information about LiteLink Technologies Inc., please
visit litelinktech.com. If you would like to know more about the
1SHIFT logistics platform, please visit 1shiftlogistics.com. For
details about uBUCK Pay, please visit ubuckpay.com.
For further information, contact Bronson Peever at 833-205-6945
ext. 3742 or investor@litelinktech.com.
Forward-Looking Statement
This news release may contain certain “Forward-Looking
Statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities laws. When used in this news release, the words
“anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”,
“forecast”, “may”, “schedule” and other similar words or
expressions identify forward-looking statements or
information. These forward-looking statements or information
may relate to the nature of the business of LiteLink, and other
factors or information. Such statements represent LiteLink’s
current views with respect to future events and are necessarily
based upon a number of assumptions and estimate that, while
considered reasonable by LiteLink, are inherently subject to
significant business, economic, competitive, political and social
risks, contingencies and uncertainties. Many factors, both known
and unknown, could cause results, performance or achievements to be
materially different from the results, performance or achievements
that are or may be expressed or implied by such forward-looking
statements. LiteLink does not intend and does not assume any
obligation, to update these forward-looking statements or
information to reflect changes in assumptions or changes in
circumstances or any other events affections such statements and
information other than as required by applicable laws, rules and
regulations.
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