NEW YORK, NY / ACCESSWIRE / January 22, 2021 / Wikisoft Corp. (the "Company" or "WSFT") (OTC PINK:WSFT) today announced that The Depository Trust Company ("DTC") has approved its common stock for DWAC/FAST transfer through the Company’s Transfer Agent, Pacific Stock Transfer Co. This newly approved stock transfer capability will enable Wikisoft shareholders, subject to compliance with all applicable securities laws and rules, to transfer shares of WSFT common stock electronically after buying or selling on the open market, without the extra expense and delay associated with the processing and transfer of physical stock certificates.
DTC’s Deposit and Withdrawal at Custodian ("DWAC") service provides participants with the ability to make electronic book-entry deposits and withdrawals of eligible securities into and out of their DTC book-entry accounts using a Fast Automated Securities Transfer service ("FAST") transfer agent as the distribution point. 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 securities 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.
"Thanks to the support of our Transfer Agent, Pacific Stock Transfer Co., we believe that achieving ‘DTC eligibility’ will greatly simplify the process of trading of our Company’s common stock on the OTC Markets trading platform in the United States," and "we are pleased to announce this shareholder-friendly step in our evolution as a public company. We believe that DWAC transfer eligibility enables our shareholders to maintain the highest levels of efficiency, accountability and compliance standards for their trading activities in our shares through the most up-to-date electronic securities trading platforms being used today," stated Carsten Kjems Falk, CEO of the Company.
This press release contains statements of a forward-looking nature about the Company. You can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "future" or other similar expressions. The Company has based these forward-looking statements primarily on the Company’s current expectations and projections about future events and financial trends that the Company believes may affect Company’s financial condition, results of operations, business strategy, and financial needs. There is no assurance that the Company’s current expectations and projections are accurate. All forward-looking statements in this press release are based on the Company’s information on the date hereof. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company’s actual results to differ materially from those implied by the forward-looking statements. The Company operates in a rapidly evolving environment. New risk factors emerge from time to time. The Company does not undertake any obligation to update or revise the forward-looking statements except as required under applicable law. This press release does not constitute or form part of any offer or invitation to purchase, otherwise acquire, issue, subscribe for, sell or otherwise dispose of any securities, nor any solicitation of any offer to purchase, otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any securities of the Company. The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions.
About Wikisoft Corporation
In line with increasing globalization, there is a growing demand for access to credible business and employee information worldwide. Wikisoft’s flagship Wikiprofile.com is a powerful solution with tools and resources for businesses and business professionals to find valid information quickly and easily so that they can make informed career and hiring decisions. By leveraging artificial intelligence and machine learning techniques, Wikisoft can process raw data events and refine them into tangible and valuable insights for businesses and business professionals. The platform architecture provides scalability and enables the fast implementation of new features. Wikiprofile.com is often deemed the "Wikipedia for business".
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SOURCE: WikiSoft Corp
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