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American Films Will be First OTC-Traded Company to Trade on the Leading Digital Securities Platform, the tZERO ATS, Urges Its Shareholders to Open tZERO Markets Trading Accounts
American Films Will be First OTC-Traded Company to Trade on the Leading Digital Securities Platform, the tZERO ATS, Urges Its Shareholders to Open tZERO Markets Trading Accounts.
About this update from American Films, Inc.
[{"type":"text","content":"\n NEW BOSTON, N.H., Sept. 02, 2021 (GLOBE NEWSWIRE) -- American Films, Inc. (OTC: AMFL), an intellectual property anti-piracy innovator and developer of films and other creative projects, today announced a timeframe for its plans to trade on the tZERO ATS, now slated for the fourth week of September. An owner, developer, and acquirer of intellectual property in the film, music, and media industries that currently trades over-the-counter, American Films will retain its existing ticker symbol AMFL, subject to regulatory approval. tZERO ATS is a regulated alternative trading system operated by tZERO ATS, LLC, a FINRA member broker-dealer subsidiary of tZERO, a leader in blockchain innovation and liquidity for digital securities. The securities that trade on tZERO ATS represent nearly 75% of all digital security value and are responsible for approximately 95% of dollar trading volumes globally. American Films owns, develops, and acquires intellectual property, which it seeks to monetize at higher rates through proprietary technology, litigation, and asset digitization. Its unique proprietary processes and technology include FACTERRA, a web-based evidence gathering program that identifies instances of copyright infringement, allowing American Films to pursue intellectual property protection litigation on behalf of copyright owners. The move to tZERO ATS represents American Films’ first step towards deploying revolutionary asset digitization tools for growth acceleration, such as security token offerings (STOs), also known as digital security offerings (DSOs) and non-fungible tokens (NFTs). In its film projects in particular, this new functionality will allow American Films to offer interactive engagement as well as perpetual revenue streams around characters and intellectual property in interactive entertainment environments and the metaverse. “Moving from the traditional markets to the blockchain is not unlike what Neil Armstrong meant in his ’one small step for man, one giant leap for mankind’ quote,” said John Carty, President and CEO of American Films. “Both ecosystems allow shares to be exchanged, but the transparency, liquidity, and utility that will be offered by the blockchain is like turning an ordinary car trip into intergalactic travel.” Carty added that as an innovator in intelle...