SOURCE: Hamilton & Associates Law Group, P.A.

Hamilton & Associates Law Group, P.A.

February 16, 2016 10:00 ET

Global Boatworks Holdings Receives DTC Eligibility

BOCA RATON, FL--(Marketwired - Feb 16, 2016) - Global Boatworks Holdings Inc., a Florida corporation, announced today that the Company's ticker symbol "GBBT" was provided by the Financial Industry Regulatory Authority ("FINRA").

"DTCC" stands for "The Depository Trust Clearing Corporation." DTCC is a member of the U.S. Federal Reserve System. It is a limited trust company under New York State Banking law and a registered clearing agency with the SEC. The purpose of DTCC is to reduce costs associated with securities processing by financial intermediaries serving the public. They accomplish this by retaining custody of over 2 million securities and converting them to electronic files. The depository also provides the services necessary for the maintenance of the securities it has in custody.

The DTC eligibility process enhances capital market efficiencies and reduces costs to the industry by enabling eligible securities to be distributed, settled and serviced through DTC's automated processes.

DTC's straight-through processing mitigates risk for the industry through automation and standardization.

DTC's electronic systems, they greatly reduce the amount of time required to transfer and deliver securities, thereby significantly accelerating the settlement process for investors. They also eliminate the risk of losing physical certificates, as well as the higher transportation and handling costs associated with such certificates.

About Global Boatworks Holdings Inc.

Global Boatworks builds and sells top of the line "Luxury Floating Vessels" to the southeastern United States. Global will market their vessels through real estate brokers, yacht brokers, International Boat Shows, trade shows, door-to-door and word of mouth. Global Boatworks will provide buyers with available docking, finance options, and insurance companies. Global will also offer the ability for purchasers to plan custom vessels to fit their lifestyle.

Brenda Hamilton, a securities attorney with Hamilton & Associates Law Group, P.A. of Boca Raton, Florida assisted Global Boatworks with its registration statement on Form S-1 and as its going public attorney for the Company's Form 211 and its ticker symbol assignment.

Contact Information

  • Company Contact:
    Global Boatworks Holdings, Inc.
    Bob Rowe
    2637 Atlantic Blvd. #134
    Pompano Beach, FL 33062

    Legal Contact:
    Hamilton & Associates Securities Lawyers
    Brenda Hamilton
    Securities Attorney 101
    Plaza Real South, Suite 202 N
    Boca Raton, Florida 33432
    Facsimile: (561) 416-2855