Los Angeles, CA (PRWEB) March 11, 2011
BigSuperSearch.com, Inc (BSPR), a publicly held internet search and technology company is pleased to announce that the Company has been granted eligibility status by the Depository Trust Company (DTC). The Depository Trust Company is a member of the U.S. Federal Reserve System and a registered clearing agency with the Securities and Exchange Commission. It was established to provide a safe and efficient way for buyers and sellers of securities to execute and settle transactions.
Essentially, DTC provides for the centralized custody of securities so that they exist only as electronic files rather than as physical certificates. This process provides banks, brokerage firms and other institutions with an efficient means of moving securities and settling trades electronically.
"Securities that do not achieve DTC eligibility are often not accepted for trading at many institutions or simply restricted from being traded on a daily basis due to the amount of paperwork or manpower required to place and executes trades. Becoming DTC eligible resolves these issues and is a critical step in increasing our exposure and attracting new investors to our company”, said BigSuperSearch.com President, Adrian Fuller.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may and likely will differ materially from this forward-looking information. These and other risks are discussed in the Company's various public filings; and, the reader is directed to these statements for a further discussion of important factors that could cause actual results to differ materially from those in the forward-looking statements.
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