ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--O2 Secure Wireless, Inc. (OTC PINK:OTOW), a developer of domestic and international hi-speed wireless Internet facilities, Mobile Internet solutions and the OTOW Network today announced that it has secured DTC eligibility by The Depository Trust Company (DTC) for its shares traded under the symbol OTOW.
The 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 and brokers.
Val Kazia, 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. DTC eligibility increases the efficiency, lowers the cost associated trading OTOW, increases security, lowers transaction risk for our investors and reflects our ongoing efforts to support our growing investor base and the Company."
About O2 Secure Wireless (http://o2securewireless.com)
O2 Secure Wireless is a Company that is currently developing numerous wireless tower facilities in the U.S. The Company is also instrumental in the development of wireless broadband communication services domestically. Under a merger with Earthcom Service Inc., the Company is currently being structured to provide affordable flat rate pre-paid wireless services in developing countries internationally.
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