|By Marketwired .||
|August 25, 2014 07:00 AM EDT||
BURNABY, BRITISH COLUMBIA -- (Marketwired) -- 08/25/14 -- Naturally Splendid Enterprises (the "Company") (TSX VENTURE: NSP)(FRANKFURT: 50N)(OTCQB: NSPDF) is pleased to announce that the Company has now received DTC approval. Naturally Splendid's common shares are now eligible for book-entry delivery and depository services of the Depository Trust Company. This will effectively facilitate electronic settlement for transfers of its common shares. The ability to have Naturally Splendid's shares trade electronically in the US provides greater convenience for investors and lowers the costs incurred in buying and selling shares. Benefits to Naturally Splendid shareholders as a result of becoming DTC approved include reducing the time for stock deposits and withdrawals into brokerage accounts as well as opening up access to trade Naturally Splendid shares electronically that was not available prior to DTC approval, creating a significantly larger potential investor base.
Naturally Splendid CEO Craig Goodwin states, "We are pleased to have now received DTC approval and excited that new potential investors who may have previously been unable to purchase Naturally Splendid shares will now have access to do so. With our shares now trading electronically, a much larger potential investor base can instantly benefit from greater liquidity and faster execution speeds. Companies that have been approved for DTC electronic transfers commonly experience higher trading volumes in their stock given the additional accessibility and availability of shares for trading."
Benefits of DTC eligibility
DTC is the largest securities depository in the world with most large U.S. broker-dealers and banks as participants. While there is no requirement that any security be held at DTC to trade, many brokerage firms and issuers want to take advantage of the efficiencies and costs benefits that DTC offers. Also, many stock exchanges require DTC-eligibility prior to listing of a security.
Throughout the lifecycle of a security, DTC helps boost efficiencies, reduce risk and lower costs for participants, issuers and investors. The benefits begin with the eligibility/underwriting process, which enables the initial distribution of a security offering to be made electronically to financial institutions that are DTC participants and ultimately to investors. Once a security becomes eligible, DTC, through its nominee Cede & Co., is the registered holder of the securities, routinely processing dividend and interest payments and managing the electronic "book-entry" transfer of interests in securities among participants. These participants are often holding and transferring interests in the securities at the direction of their customers, including ultimate beneficial owners.
If a reorganization such as a corporate merger or tender offer occurs, DTC handles the transfer of cash and stock to the appropriate investment bank or broker/dealer, which then passes it on to their investors. By maintaining custody of eligible securities, DTC eliminates the risk of a missed election on a corporate action, or a missed dividend payment.
About Naturally Splendid Enterprises Ltd.
Naturally Splendid's 100% owned NATERA line of hemp-based superfood products are carried nationwide by Canada's leading health food distributors and a network of retail stores across Canada including major retailers and specialty stores. Naturally Splendid's "NATERA" line of products includes natural and flavored shelled hemp seeds as well as natural and flavored hemp protein powders.
Naturally Splendid has an exclusive sales agreement to market and distribute, in North America, the full complement of patent pending, plant-based omega products created by Boreal Technologies. The products include HempOmega and H2Omega, as well as the FlaxOmega, CanolaOmega, and ChiaOmega plant based omega products. These novel products utilize microencapsulation and liposome technologies and are available in both a powder format and an aqueous solution for increased flexibility in ingredient applications and stand-alone products.
For further information please contact: 604-559-8051
J. Craig Goodwin, CEO & Director
Forward-Looking Statements: Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Naturally Splendid cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Naturally Splendid's control. Such factors include, among other things: risks and uncertainties relating to the successful testing and evaluation H2Omega and HempOmega by Calico. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information.