DORAL, FL--(Marketwired - Apr 10, 2014) - In Ovations Holdings, Inc. (OTC Pink: INOH) (PINKSHEETS: INOH) has secured DTC eligibility by The Depository Trust Company for its shares on the OTC effective April 2, 2014.
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.
Mark Goldberg, CEO, stated, "We are pleased to announce that we have obtained DTC eligibility. Electronic trading is the standard in today's financial markets, and becoming DTC-eligible greatly simplifies the process of trading our common stock. We continue to make positive steps to grow the Company. We would like to thank VStock Transfer, www.vstocktransfer.com, for its guidance through this process."
About: In Ovations Holdings, Inc.
In Ovations Holdings, Inc. is pursuing several potential business opportunities. Its subsidiary, Electro Verde, Inc., is marketing, in conjunction with Coordinated Systems International, the patented GradiLuxtm Total Lighting System Solution which reduces electricity consumption and carbon emissions in municipal lighting systems worldwide. The Company is also engaged in a Caribbean-based marine-related eco-tourism business and ocean search and recovery operations using state-of-the-art technology. Finally, it is a minority owner of Atmospheric Water Solutions, a company involved in water purification.
Safe Harbor Statement:
Under the Private Securities Litigation Reform Act of 1995: This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.