SOURCE: iGambit

July 19, 2011 16:45 ET

iGambit, Inc. Announces DTC Eligibility

DTC Eligibility Improves Efficiency by Moving and Settling Trades Electronically

HAUPPAUGE, NY--(Marketwire - Jul 19, 2011) - iGambit, Inc. (OTCBB: IGMB), a diversified technology development and holding company, today announced that the Company has been granted eligibility status by the Depository Trust Company (DTC).

DTC provides clearance, settlement, and information services for equities, corporate and municipal bonds, unit investment trusts, and mortgage-backed securities, money market instruments, and over-the-counter derivatives.

"Becoming DTC eligible will simplify the process by which our shares can be traded or exchanged through brokers of our investors' choice," stated John Salerno, President and CEO of iGambit. "This is a key milestone for the Company and a major step in increasing our exposure in the investment community."

About iGambit, Inc.
iGambit, Inc. (IGMB), based in Hauppauge, NY, is a technology holding and development company that focuses on acquiring small to medium size businesses. We believe that the background of our management and of our Board of Directors in the technology markets is a valuable resource that makes us a desirable business partner to the companies that we are seeking to acquire. When we acquire a company, we work to assume an active role in the development and growth of the company, providing both strategic guidance and operational support. We provide strategic guidance to our partner companies relating to, among other things, market positioning, business model and product development, strategic capital expenditures, mergers and acquisitions and exit opportunities. Additionally, we provide operational support to help our partner companies manage day-to-day business and operational issues and implement best practices in the areas of finance, sales and marketing, business development, human resources and legal services. Once a company joins our partner company network, our collective expertise is leveraged to help position that company to produce high-margin, recurring and predictable earnings and generate long-term value for our stockholders. For more information, please visit www.igambit.com. Information on our website does not comprise a part of this press release.

Safe Harbor Statement:
Information contained in this press release includes forward-looking statements within the meaning of the federal securities laws. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "expects," "is expected," "intends," "may," "will," "should," "anticipates," "plans" or the negative thereof. These forward-looking statements often include forecasts and projections for future revenue and/or profits and are subject to revision and are not based on audited results. The Company does not undertake to update, revise or correct any forward-looking statements. Investors are cautioned that current results are not necessarily indicative of future results, and actual results may differ from projected amounts. For more complete information concerning factors that could affect the Company's results, reference is made to the Company's registration statements, reports and other documents filed with the Securities and Exchange Commission.

Contact Information

  • Investor Relations Contact:
    iGambit, Inc.
    John Salerno
    President
    631-780-7055
    631-656-1045 (fax)
    john@igambit.com