Business
Light Media Attains DRS Eligibility
Light Media Attains DRS Eligibility.
About this update from Veri Medtech Holdings Inc.
[{"type":"text","content":"Light Media (OTC Markets: LGMH), Inspirational Media Specialist,\nannounced today that, in addition to attaining full eligibility Depository Trust & Clearing\nCorporation (\"DTC\"), DWAC and FAST Eligibility, the company has now attained full DRS (Direct Registration System) eligibility for the\ncompany's common shares trading under the stock ticker symbol\n(LGMH). Light Media currently has 7,295,200 common \nshares deposited in DTC, and has repurchased 363,259 common shares.Through multiple operating facilities and\ndata centers around the world, DTC and its subsidiary companies automate, centralize, and\nstandardize the processing of financial transactions for thousands\nof institutions worldwide, processing securities transactions\nvalued at approximately US$1.7 quadrillion for example in 2011 alone. Expert\nguidance and consultation in securing DTC, DWAC, DRS and FAST Eligibility for LGMH was facilitated by VStock Transfer. \n\"DRS, DWAC and FAST eligibility are essential to all public \nissuers, like Light Media, because as earlier stated, these key mechanisms provide market \nmakers and\nbrokerage firms with an efficient and effective means of making,\nmoving and settling trades electronically (paperless trading),\nthereby enabling greater liquidity and expansion of the pool of\nprospective shareholders worldwide,\" said\nDanny Wilson, CEO, Light Media.\n About DTCC: Through multiple\noperating facilities and data centers around the world, DTCC and\nits subsidiary companies automate, centralize, and standardize the\nprocessing of financial transactions for thousands of institutions\nworldwide. With 40 years of experience, DTCC is the premier\npost-trade market infrastructure for the global financial services\nindustry, simplifying the complexities of clearance, settlement,\nasset servicing, global data management and information services\nfor equities, corporate and municipal bonds, government and\nmortgage-backed securities, derivatives, money market instruments,\nsyndicated loans, mutual funds, alternative investment products,\nand insurance transactions. In 2011, DTCC's subsidiaries processed\nsecurities transactions valued at approximately US$1.7 quadrillion.\nIts depository provides custody and asset servicing for securities\nissues from 122 countries and territories valued at US$39.5\ntrillion. DTCC's globa...