VANCOUVER, British Columbia, May 08, 2019 (GLOBE NEWSWIRE) -- LiteLink Technologies Inc. (“LiteLink” or “the Company”) (CSE:LLT) (OTC:LLNKF), a key player in logistics platforms and payment solutions, is pleased to announce that it has secured eligibility by The Depository Trust Company ("DTC") for its shares on the OTCQB.
DTC eligibility will simplify the process of trading and is expected to enhance the liquidity of the Company's common shares on the OTC marketplace where LiteLink now trades under the symbol "LLNKF".
DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered to be "DTC eligible”. This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for certain investors.
"We are very pleased to have obtained DTC eligibility," said LiteLink CEO Ashik Karim. "DTC eligibility simplifies the process of trading and transferring LiteLink shares in the U.S. market and improves liquidity in our shares in all markets.”
LiteLink would also like to announce that its Chief Innovation Officer and Director, Yasmine Roulleau has resigned from the company, effective April 30, 2019. Yasmine Roulleau has tendered her resignation with LiteLink in order to focus on her company, GameSecure, which she co-founded in 2016.
About LiteLink Technologies Inc.
LiteLink is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries. Our flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time. uBUCK Pay is a multi-currency digital wallet that supports traditional fiat and digital currencies. Consumers are able to make online and offline purchases using the uBUCK debit card and send funds worldwide for free.
For more information about LiteLink Technologies Inc., please visit litelinktech.com. If you would like to know more about the 1SHIFT logistics platform, please visit 1shiftlogistics.com. For details about uBUCK Pay, please visit ubuckpay.com.
For further information, contact Bronson Peever at 833-205-6945 ext. 3742 or investor@litelinktech.com.
Forward-Looking Statement
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the nature of the business of LiteLink, and other factors or information. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. LiteLink does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.