SOURCE: Dynasty Limousine Inc.

Dynasty Limousine Inc.

May 05, 2011 15:46 ET

Dynasty Limousine Inc. Receives DTC Eligibility on Its Common Stock; DNYS Shares Can Now Be Traded Electronically Through Most Brokers

JACKSONVILLE, FL--(Marketwire - May 5, 2011) - Dynasty Limousine Inc. (PINKSHEETS: DNYS), a full service Luxury Transportation and Limousine firm covering the Southeast United States, has received DTC Eligibility as of May 4th, 2011. This action will allow trading of the Company's Securities through most brokers electronically, which had not been previously available since trading began in July of 2010.

Pierce Fleming, Vice President and CFO of Dynasty Limousine, stated, "Volume on DNYS stock has been light due the need for DTC eligibility. Prior to this action, trades were executed manually only though a select number of brokerage houses. Now that DTC will be clearing our stock electronically, those prospective shareholders who want to purchase stock will be able to with ease. Obtaining DTC clearance also reinforces our long term goals of transparency and increased National Exposure."

About DTCC

DTCC, through its subsidiaries, provides clearing, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks.

DTCC's depository provides custody and asset servicing for 3.6 million securities issues from the United States and 121 other countries and territories, valued at almost $34 trillion. In 2009, DTCC settled more than $1.48 quadrillion in securities transactions.

DTCC operates through 10 subsidiaries -- each of which serves a specific segment and risk profile within the securities industry.

About Dynasty Limousine Inc.

Dynasty Limousine is a full service Limousine and Transportation firm with offices in Jacksonville and Orange Park, Florida. The Company was founded in 1998 and currently operates a fleet of 15 Limousines, Luxury Sedans, and Limousine Buses with service areas primarily in the Southeast United States. The Company is a member of the National Limousine Association, and has a nationwide affiliate network to handle all domestic service requests. Dynasty currently has 17 employees, and is actively seeking acquisitions and expansion into additional markets.

Dynasty maintains an A+ accredited BBB rating, and was named a National top three finalist for "Limousine Operator of the Year" by LCT Magazine for 2009, 2010 and 2011. Additional company information may be accessed via Dun and Bradstreet, Pinksheets.com, or by visiting the Investor Relations area located on our corporate websites. At the time of this release, the total number of shares issued and outstanding is 4,836,425 with a current float of 688,900 shares.

Forward-Looking Statements

Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts included in this release, are forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products and services, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party vendors, and other risks detailed in the Company's prospectus and periodic reports filed with the Securities and Exchange Commission. Dynasty Limousine Inc. undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact Information

  • Contact:
    Pierce Fleming
    Vice President / Investor Relations
    Dynasty Limousine
    11857 San Jose Blvd.
    Jacksonville, Florida 32223
    (904) 268-7171
    Email Contact