International Display Advertising Receives Final Clearance From DTC
SAINT PETERSBURG, Fla., May 3, 2013 /PRNewswire/ -- International Display Advertising, Inc. (OTC PINK: IDAD) ("Display Ads"), is pleased to announce that the Depository Trust Company (DTC) has granted the Company full eligibility for electronic clearance and settlement. This has concluded the routine review process of DTC accepting the legal opinion letter from IDAD's legal counsel after the Company's recently completed corporate actions. This DTC eligibility eliminates the need to exchange actual stock certificates and reduces the clearing settlement time and transaction cost to our shareholders.
Dave Hazzard, President of International Display Advertising, Inc. stated, "This is another positive step forward in the short history for Display Ads. Giving our shareholders the ability to buy and sell shares with increased efficiency and lower cost is extremely important to us. It will also provide greater liquidity to current and future investors and allows us to expand our shareholder base. Along with the corporate reorganization complete, we are now ready to execute our strategic marketing plan internationally for this exciting proprietary interactive digital media technology.
About the Company; International Display Advertising (IDAD) owns the international rights to market, distribute and sell the proprietary interactive digital media of Display Points an interactive digital media company that competes in the Digital-Out-Of-Home (DOOH). IDAD has also developed a location-based Internet advertising platform called Display Points Plus that allows restaurants and advertisers to coordinate efforts outside the venue. IDAD is focusing on engaging consumers with on table browsers/displays in destination locations like restaurants, bars, hotels, and other consumer venues, thus creating a place-based media platform. IDAD enables advertisers to access their target audience in venues where they are captive, out-of-home, and ready to spend money. Unlike web browsers with ad blockers, mobile devices with pull interactive ads, or TV with DVR, IDAD places "browsers" on restaurant tabletops and in consumer venues where ads cannot be blocked. Within this IDAD offers advertisers a targeted and measurable consumer interactive media vehicle they can customize by market and venue to assure the most efficient buy. Consumers will be exposed to a combination of informational content (weather, news, sports scores, movie times etc.) restaurant promotions and menu offerings and advertising. IDAD provides advertisers all the benefits of online digital communication, the ability not just to deliver a static ad message, but also to engage their audience.
For further information regarding International Display Advertising, Inc.,
please contact our Investor Relations Line at: (424)278-4033
Safe Harbor Statement
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including but not limited to statements containing the words "will," "believes," "plans," "anticipates," "expects," "look forward", "estimates" and similar expressions) should be considered to be forward-looking statements and the safe harbor provisions of said Act do not apply to an issuer that issues penny stock. Actual results may differ materially from those indicated by such forward- looking statements as a result of various important factors including, among others, competition, market demand, technological change, strategic relationships, recent acquisitions, international operations and general economic conditions. We do not assume any obligation to update any forward-looking statements.
SOURCE International Display Advertising, Inc.
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