CGE Energy Approved for DWAC Electronic Share TransferPosted on in News
CGE Energy, Inc. (OTCPink: CGEI), takes pleasure in announcing that The Depository Trust Corporation (the “DTC”) has approved the CGEI common stock for DWAC/FAST transfer through the Company’s Transfer Agent, Signature Stock Transfer. This newly approved stock transfer capability will enable CGE shareholders to transfer their shares of CGEI stock electronically after buying or selling, with the goal to improve the process associated with the transfer of physical stock certificates.
The DWAC process begins with a physical certificate that requires certification through signature guarantee from a bank or stock broker, so that the signatures may be accepted for processing by Signature Stock Transfer. Once accepted and electronically recorded on the Company stock ledger, the shareholder may authorize his or her broker to request the shares be moved electronically into the shareholder’s brokerage account.
“The Company is very pleased to have secured this DWAC approval from DTCC. We believe that this DWAC eligibility will have a positive effect on shareholders looking to deposit or replace shares,” said Bryan Zaplitny, CGE Energy’s President and CEO, “This will also facilitate additional shares that were in paper form to be traded in the open market. This moves us another step forward along the path toward a major exchange listing.”
For shareholders interested in learning about using DWAC to electronically deposit their CGEI shares, please contact:
Signature Stock Transfer, Inc.
14673 Midway Road, Suite 220
Addison, Texas 75001
About CGE Energy Inc.
CGE Energy, Inc. makes it easy for businesses, local governments, and non-profits to receive the benefits of sustainable energy projects with no upfront cost. CGE hand-selects the very best facilities to partner with and turns their wasted energy into immediate and continuous savings for the customer. By uniquely selling sustainability-as-a-service, CGE’s proprietary Sustain business model delivers an exclusive combination of today’s best energy efficiency and sustainable energy generation technologies, including CGE’s exclusive WIND•e20® wind turbine.
To learn more visit http://www.cgeenergy.com.
This release may contain “forward-looking statements” that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by certain words or phrases such as “may”, “will”, “aim”, “will likely result”, “believe”, “expect”, “will continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”, “seek to”, “future”, “objective”, “goal”, “project”, “should”, “will pursue” and similar expressions or variations of such expressions. These forward-looking statements reflect the Company’s current expectations about its future plans and performance. All forward-looking statements included in this release are based on information available to us on the date hereof and speak only as of the date hereof. We undertake no obligation to update or revise publicly any forward-looking statements. Actual results may differ materially from those projected in the forward-looking statements.