Business
GainClients, Inc. Becomes "Pink Current" on OTC Market
GainClients, Inc. Becomes "Pink Current" on OTC Market.
About this update from Gainclients, Inc.
[{"type":"text","content":"TUCSON, AZ / ACCESSWIRE / November 2, 2021 / GainClients, Inc. (OTC PINK:GCLT) ("GainClients" or the "Company") is pleased to announce that it has successfully returned to Pink Current Status on the OTC Market. This move allows investors to buy and sell shares of the Company more freely. The Company has been publicly traded since 2001 and has invested significant resources to bringing their disclosures current.On September 16th, 2020, the Securities and Exchange Commission (SEC) adopted amendments to Rule 15c2-11 to "modernize" the rules to the current markets. In the amendments, companies listed on the OTC Market would be required to bring their Company Disclosures current, or risk being delisted. Companies were required to become compliant by September 28th, 2021. GainClients, Inc filed its application to become current by the June 30th deadline, and filed their updated Financials and Disclosures by the September 28th deadline. The OTC Market changed the status of the Company's shares to "Pink Current" on September 28th, 2021."This was only accomplished through the hard work and diligence of our staff and accounting team. I applaud their efforts and our Shareholder's patience while we worked through this process", said Ed Laine, the Company's CEO. "This allows us to return our focus to on-boarding new clients and getting to profitability. With the addition of each customer, we are also connecting to their bank. Watch for more news coming out about those relationships," Mr. Laine went on to say.The Company's Mobile Earnest Money Deposit service provides the ability to take a picture of an earnest money check and deposit it into a bank account from a remote location, such as an office or home, without having to physically deliver the check to the receiver. Proven to be secure by the banking industry, mobile remote depositing offers better protection against fraud, lost checks, and saves significant time and money for the Title and Escrow Companies that use the software.For the real estate agent, the service will eliminate the time spent picking up checks from their buyer clients and fees charged by title companies. For title companies, it will reduce the millions spent on manual courier services and overnight shipping costs. In addition, the system will expedite the esc...