JIANGSU, CHINA--(Marketwire - Mar 4, 2013) - China Xuefeng Environmental Engineering, Inc. ("the Company") (OTCBB: CXEE), primarily engaging in providing improvement and upgrading services of garbage recycling processing technology and equipment, announced that the company has secured DTC Eligibility by The Depository Trust Company for its shares on the OTC effective February 12, 2013.
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.
Li Yuan, CEO of China Xuefeng Environmental Engineering, Inc., stated, "We are pleased to announce that we have obtained DTC eligibility, effective February 12, 2013. Electronic trading is the standard in today's financial markets, and becoming DTC-eligible greatly simplifies the process of trading and exchanging our common stock. We will continue to make positive steps to grow the Company. We would like to thank Vstock Transfer LLC for their guidance through this process. We will continue to update our shareholders on our progress."
About China Xuefeng Environmental Engineering, Inc.:
China Xuefeng Environmental Engineering, Inc. provides improvement and upgrading services of garbage recycling processing technology and equipment. For more information, please visit China Xuefeng at http://www.cxfee.com/.
Safe Harbor Statement:
This update includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as China Xuefeng Environmental Engineering, Inc. or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.