QualityStocks would like to highlight
Blue Water Global Group, Inc. (
OTCQB: BLUU), focused on developing a chain of restaurants throughout the Caribbean region under the Blue Water Bar & Grill™ brand. In addition to its restaurant development activities, Blue Water is also engaged in making strategic equity investments in promising companies that are in the early stages of becoming publicly traded on the OTC Bulletin Board.
In the company’s news,
Blue Water Global Group reports that the Depository Trust Corporation (DTC) has approved the company’s common stock for DWAC/FAST transfer through its transfer agent, VStock Transfer, LLC.
Following the approval of stock transfer capability, Blue Water’s shareholders can now transfer their shares of Blue Water electronically on the open market without the extra expense and delay associated with requesting and transferring physical certificates. Furthermore, shareholders are relieved of the inherent risks associated with the loss and replacement of physical stock certificates.
“We are pleased to share this corporate development with our shareholders. Not only does becoming DWAC/FAST eligible provide our existing investors with new efficiencies – both in cost and time savings – but it should aid in facilitating more trading in the open market and help increase overall shareholder liquidity in Blue Water’s stock,” Blue Water’s president and CEO J. Scott Sitra stated in the news release.
Company shareholders will also benefit from the reduced time from weeks to hours for stock deposits and withdrawals into brokerage accounts.
Another side benefit is companies that are approved for DWAC/FAST electronic transfers often experience higher trading volumes in their stock given the additional accessibility and availability of shares for trading.
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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
