Verecloud Announces DTC Eligibility and Begins Trading
28 9월 2010 - 6:28AM
Business Wire
Verecloud (OTCBB:VCLD), which is helping communications service
providers (CSPs) capture market share in the emerging cloud
computing services business, announced today that the Depository
Trust Company (DTC) has granted the company eligibility status and
Verecloud is now tradable on the Over-the-Counter market.
The DTC provides banks, brokerage firms and other institutions
with an efficient means of moving securities and settling trades
electronically.
"We are pleased that our common stock is now DTC eligible," said
Jim Buckley, Verecloud’s chief financial officer. “Becoming DTC
eligible is a crucial step in increasing our exposure and
simplifying how shares can be traded or exchanged through brokers
of our investors' choice.”
Verecloud became a public reporting company on August 31, 2009,
through a share exchange agreement and its public filings are
available on the investor relations section of the company’s Web
site at
http://www.verecloud.com/verecloud-investor-relations.html.
About DTC
Depository Trust Company (DTC) is a member of the U.S. Federal
Reserve System, a limited-purpose trust company under New York
State banking law and a registered clearing agency with the
Securities and Exchange Commission. The depository brings
efficiency to the securities industry by retaining custody of some
two million securities issues, effectively "dematerializing" most
of them so that they exist only as electronic files rather than as
countless pieces of paper. The depository also provides the
services necessary for the maintenance of the securities it has in
custody.
About Verecloud
Based in Englewood, Colorado, Verecloud enables communications
service providers (CSPs) to capture market share in the expanding
and lucrative cloud computing market. Verecloud’s cloud brokerage
platform, the Nimbus Exchange, addresses the CSPs’ need to
integrate their cloud services business with existing back-office
systems which enable CSPs to drive new revenue opportunities. By
collaborating with Verecloud, CSPs are positioned to capture a
significant percentage of this exciting market by leveraging their
trusted intermediary status as a cloud services broker. Learn more
about Verecloud at: http://www.verecloud.com.
Forward-Looking Statement
This release may contain projections and other forward-looking
statements that involve risks and uncertainties. Forward-looking
statements are projections reflecting management’s judgment and
assumptions based on currently available information and involve a
number of risks and uncertainties that could cause actual results
to differ materially from those suggested by the forward-looking
statements. Future performance cannot be assured. Readers are
referred to the documents filed by Verecloud with the
Securities and Exchange Commission (SEC), specifically the most
recent reports which identify important risk factors that could
cause actual results to differ from those contained in the
forward-looking statements. Recent documents filed with the SEC can
be found in the Investor Relations section of our website
(www.verecloud.com). Verecloud believes the forward-looking
statements in this release are reasonable; however, you should not
place undue reliance on forward-looking statements, which are based
on current expectations and speak only as of the date of this
release. Verecloud is not obligated to publicly release any
revisions to forward-looking statements to reflect events after the
date of this release.
Verecloud (CE) (USOTC:VCLD)
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