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Digital Development Group Gains Additional Liquidity by Securing DTC Eligibility
The Digital Development Group Corp. (OTCBB: DIDG) ("DigiDev"or the "Company"), a content licensing and technology company offering a wide array of niche content for television and other Internet enabled devices, today announced effective immediately it has secured eligibility by The Depository Trust Company (DTC) for its shares. 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 broker/dealers.
DTC eligibility simplifies the process of trading our stock," said Martin W. Greenwald, CEO, DigiDev. "We believe our new status will improve market liquidity and make our stock more attractive to investors.
The DTC is focused on creating liquidity and stability in the global capital markets by providing electronic clearance and settlement of equity trades. Having access to DTC services gives the Company greater exposure to the capital markets while at the same time offers various services including greater transparency of the Company's shares. The DTC is a subsidiary of the Depository Trust & Clearing Corporation (DTCC), and manages the electronic clearing and settlement of publicly traded company stocks and other securities.