INEO Tech Corp. an innovative provider of the INEO Media Network, a digital advertising and analytics solution for retailers, today announced, the Depository Trust Company (“DTC”) has made INEO common shares eligible for electronic deposit at the DTC. The Company believes being DTC eligible will make trading in its common shares on the OTCQB Venture Market more accessible to the US investment community. INEO common shares will continue to trade on the OTCQB Venture Market under the ticker symbol “INEOF”.
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“We are excited to receive DTC eligibility as we continue to expand our investor community,” said Kyle Hall, CEO of INEO. “We are committed to growing and know receiving DTC eligibility is another step towards helping us achieve our goals as we provide enhanced access and liquidity to our growing U.S. investor base.”
DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic clearing and settlement of publicly traded companies. Securities which are eligible to be electronically cleared and settled through the DTC are considered “DTC eligible.” Having DTC eligibility enables the INEO common shares to be distributed, settled, and serviced through DTC’s automated processes. This allows for a more streamlined process of trading of the INEO common shares in the United States while enhancing the liquidity of the common shares in the OTC capital markets.
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