RE:RE:incredible newsPerhaps this may help
TORONTO, March 24, 2022 /CNW/ - Danavation Technologies Corp. (CSE: DVN) (OTCQB: DVNCF) ("Danavation" or the "Company"), a Canadian-based Internet of Things (IoT) technology company and provider of micro e-paper displays, is pleased to announce that its common shares have received Depository Trust Company ("DTC") full-service eligibility in the U.S. The Company currently trades on the OTCQB under the symbol DVNCF.
DTC is a subsidiary of The Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. DTC was created with the intent to reduce costs and provide clearing and settlement efficiencies, and improve execution speeds for investors and brokers, enhancing accessibility and trading volume potential. Securing this eligibility enables Danavation common shares to be distributed, settled and serviced through DTC's automated processes. Overall, this is expected to simplify the process of trading while enhancing the liquidity of the Company's common shares in the United States.
"DTC eligibility is an important step for Danavation as we aim to further expand our profile and investor outreach in the U.S.," said John Ricci, CEO of Danavation. "We believe U.S. and international markets offer vast opportunity to attract new customers for our Digital Smart Labels™, unique PaaS solution and software offerings, as well as new potential investors interested in exposure to a company whose mission is to disrupt the way retailers and other businesses track, monitor and update information."