Skkynet Cloud Systems, Inc. Obtains DTC Eligibility
11 Abril 2013 - 9:43AM
Marketwired
Skkynet Cloud Systems, Inc. ("Skkynet" or "the Company") (OTCBB:
SKKY), a leader in real-time cloud information systems, is pleased
to announce that the Depository Trust Company (DTC) has granted the
Company full eligibility for electronic clearance and settlement
for its shares on the OTC.BB, effective April 10, 2013.
President Paul Thomas stated, "This is another positive step
forward for Skkynet. Giving our shareholders the ability to buy and
sell shares with increased efficiency and lower cost is extremely
important to us. It will also provide greater liquidity to current
and future investors and allows us to expand our shareholder
base."
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 by eliminating the need to exchange actual stock
certificates and also reducing the transaction cost to
shareholders.
About Skkynet Cloud Systems, Inc.:
Through its wholly owned subsidiary Cogent Real-Time Systems
Inc., Skkynet is a leading developer of software and related
systems and facilities for collecting, processing and distributing
real-time information over networks. This capability allows clients
to both locally and remotely manage, supervise and control
industrial processes, financial information systems, and embedded
devices. Through their web-based assets, DataHub® WebView™ enables
data connectivity and visualization over the cloud, providing
clients and their customers the necessary ability and tools to
observe and interact with these processes and services in real
time, empowering them to fully control their systems and analyze
their data. DataHub® and WebView™ are either registered trademarks
or trademarks used under license by Cogent Real-Time Systems
Inc.
Safe Harbor Statement:
This news release contains "forward-looking statements" as that
term is defined in Section 27A of the United States Securities Act
of 1933, as amended and Section 21E of the Securities Exchange Act
of 1934, as amended. Statements in this press release which are not
purely historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. These forward-looking statements generally
can be identified by phrases such as Skkynet Cloud System, Inc. or
its management "believes," "expects," "anticipates," "foresees,"
"forecasts," "estimates" or other words or phrases of similar
import. Such forward-looking statements include, among other
things, the development, costs and results of new business
opportunities. Actual results could differ from those projected in
any forward-looking statements due to numerous factors. Such
factors include, among others, the inherent uncertainties
associated with new business opportunities and development stage
companies. These forward-looking statements are made as of the date
of this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that any beliefs, plans,
expectations and intentions contained in this press release are
reasonable, there can be no assurance that any such beliefs, plans,
expectations or intentions will prove to be accurate. Investors
should consult all of the information set forth herein and should
also refer to the risk factors disclosure outlined in our annual
report on Form 10-K for the most recent fiscal year, our quarterly
reports on Form 10-Q and other periodic reports filed from
time-to-time with the Securities and Exchange Commission.
Contact: Skkynet Cloud Systems, Inc. Paul E. Thomas President
Office: (888) 628-2028 Fax: (888) 705-5366 Email: info@skkynet.com
Blog: http://real-timecloud.com Twitter:
https://twitter.com/RealTimeCloud
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