NEW YORK, April 17, 2014 /PRNewswire/ -- Moxian China, Inc., (OTCQB Symbol: MOXC) a social commerce platform company, announced today that on March 20, 2014 the Company was granted eligibility status by the Depository Trust Company ("DTC"), which allows the Company's shares to be transferred electronically by the DTC.
The Depository Trust Company (DTC) is a subsidiary of the Depository Trust & Clearing Corporation DTCC, and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible." This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors.
Ng Kian Yong, CEO of Moxian China, Inc., stated, "We are pleased to announce that we have obtained DTC eligibility, effective 20th March, 2014. Electronic trading is the standard in today's financial markets, and becoming DTC-eligible greatly simplifies the process of trading and exchanging our common stock. We continue to make positive steps to grow the Company. We would like to thank our transfer agent, Vstock Transfer, for their guidance through this process. We will continue to update our shareholders on our progress."
About Moxian China, Inc.:
Moxian engages in the business of providing a social marketing and promotion platform to merchants who desire to promote their businesses through online social media. Our products and services aim to enhance the interaction between users and merchant clients by allowing merchant clients to study consumer behavior through data compiled from our database of users' activities.
Safe Harbor: This release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933, the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those contemplated by such forward-looking statements. Important factors known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, ability to compete successfully, and ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results.
SOURCE Moxian China??, ?Inc.