Onyx Stock Transfer Announces Change of Control, Relocation to New York City and Name Change to VStock Transfer, LLC

NEW YORK, Jan. 10, 2011 /PRNewswire/ -- Onyx Stock Transfer, a leading provider of registrar, stock transfer and record keeping services based in Silicon Valley, today announced that its founders and executives have completed a sale of the company to Shai Stern and Seth Farbman, the founders of an SEC EDGAR filing company which services thousands of public companies. The acquisition was completed on December 31st.

VStock Transfer differs significantly from other transfer agents in that it was founded and will be managed by attorneys with over 20 years of experience in corporate and securities law. "Our objectives are to offer the same value proposition that has allowed us to offer EDGAR and financial print services to thousands of public companies for the last ten years. We are incredibly focused on outstanding, pro-active customer service combined with a cost saving structure that companies can appreciate. We want to be the Zappos.com of the transfer industry," said Seth Farbman, co-chairman of VStock Transfer.

Shai Stern, co-chairman of VStock Transfer and formerly a vice president at American Stock Transfer Company added, "We intend to satisfy the needs of public companies that have voiced a need for lower-cost, more reliable shareholder record control, personalized services and online access. As other transfer agents focus on exponential growth, we expect that the demand for a boutique firm with dedicated account management for its issuers and their shareholders will increase."

Yoel Goldfeder will serve as chief executive officer of VStock Transfer, bringing over a decade of transactional experience and knowledge as a corporate and securities attorney. Mr. Goldfeder stated,  "Onyx Stock Transfer recently served as the transfer agent for several IPOs. We look forward to 2011 when transactional activities for both domestic and foreign companies are predicted to increase."

"Acquiring Onyx Stock Transfer was a natural step in the progression of our servicing private companies, public companies and the hundreds of securities attorneys whose relationships we value," said Mr. Farbman. "Too often, public company executives and attorneys voice frustration that they end up paying hidden fees for services that they never even use. We hope to change that model into one of transparency."

About VStock Transfer  

VStock Transfer is a stock transfer agent providing best-in-class service combined with a cost savings structure. Founded by lawyers and managed by lawyers to better service companies, counsel and shareholders, VStock offers  a unique combination of  technology and proactive, energetic, personalized and experienced customer service. We believe that people buy from people.  To receive a free quote or for more information visit us at www.vstocktransfer.com or feel free to call us at 212 828 8436 or email us at [email protected]

SOURCE VStock Transfer, LLC