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Cache Elite, Inc. (ILUS) Now DWAC/FAST approved.
Published Sep 20 2016
3 min read

Cache Elite, Inc. (ILUS) Now DWAC/FAST approved.


Cache Elite, Inc. (ILUS) (“Cache Elite” or “the Company”), a diversified E-commerce, brick and mortar, full service design and supply kitchen company, is pleased to announce that the Depository Trust & Clearing Corporation (“DTC”) has approved its common stock for DWAC/FAST transfer through the Company’s Transfer Agent Securities Transfer Corporation. This approved stock transfer capability will enable Cache Elite shareholders to transfer their shares of Cache Elite, Inc. (ILUS) stock electronically after buying or selling on the open market, without the extra expense and delay associated with the processing and transfer of physical share certificates.In addition to expediting the transactional process, from weeks to hours, DWAC/FAST approval also serves to eliminate the risks associated with the loss and replacement of physical share certificates. 

About DWAC/FAST

DWAC allows participants to instruct DTC regarding deposit and withdrawal transactions being made directly via a FAST transfer agent. The FAST system eliminates the movement of physical share certificates for transfers of securities registered in the name of DTC’s nominee, Cede & Co., on the transfer agent’s books. DTC and its FAST transfer agents reconcile the results of participants’ deposit and withdrawal activities electronically on a daily basis.

ABOUT CACHE ELITE, INC.

Cache Elite, Inc. (OTC PINK: ILUS) is a forward-thinking retail and service provider. The Company provides homeowners with the latest in 3D designs, decorative hardware, stones, appliances and all things kitchen. Allowing homeowners to access and make many decisions under one roof at an affordable price. To learn more about Cache Elite, Inc. please visit our websites at www.eliteknobs.com www.cachecabinetry.com  www.cacheelite.com. Also follow us on Twitter @cacheelite1.


FORWARD-LOOKING STATEMENTS This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the company's current expectations and are subject to a number of risks, uncertainties and assumptions. The company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the company's filings at OTCMarkets.com.