Digital Development Group Gains Additional Liquidity by Securing DTC Eligibility
LOS ANGELES--(BUSINESS WIRE)-- The Digital Development Group Corp. (OTCBB: DIDG) ("DigiDev"or the "Company"), a content licensing and technology company offering a wide array of niche content for television and other Internet enabled devices, today announced effective immediately it has secured eligibility by The Depository Trust Company (DTC) for its shares. 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 and broker/dealers.
"DTC eligibility simplifies the process of trading our stock," said Martin W. Greenwald, CEO, DigiDev. "We believe our new status will improve market liquidity and make our stock more attractive to investors."
The DTC is focused on creating liquidity and stability in the global capital markets by providing electronic clearance and settlement of equity trades. Having access to DTC services gives the Company greater exposure to the capital markets while at the same time offers various services including greater transparency of the Company's shares. The DTC is a subsidiary of the Depository Trust & Clearing Corporation (DTCC), and manages the electronic clearing and settlement of publicly traded company stocks and other securities.
DigiDev is targeting the rapidly expanding and revolutionary "OTT" technology arena to facilitate the video delivery of movies, games & apps to millions of desktops, mobile and smart/Internet enabled TV devices around the World. "OTT" or Over The Top devices piggyback on existing network services in consumers' homes or offices; pull content from the Internet and deliver it to their TV or Internet enabled device.
Additional details of the Company's business can be found in the Company's public disclosures as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's("SEC") EDGAR database. Please refer to our full disclaimer, which includes our safe harbor statement, by clicking on or copying this link below into your browser:http://digidev.com/disclaimer/
About The Digital Development Group Corp. (OTCBB: DIDG). The Company was founded by CEO Martin W. Greenwald and President Joe Q. Bretz who have extensive experience in the entertainment industry. As CEO, Mr. Greenwald, oversaw Image Entertainment Inc. growth to over $120 million in revenues. Given Greenwald's focus in content licensing and Bretz's technological know-how, the Company is well positioned to be a leader in the Internet television revolution. For more information please visit our website www.digidev.com.
Nothing on this website is either an offer to purchase, or a solicitation of an offer to sell, shares of DigiDev Group or any other entity. Nothing on this website is a solicitation of a proxy from a security holder of Digital Development Group Corp. or any other company.
The Digital Development Group Corp.
Joe Q. Bretz, 800-783-3128 x103
KEYWORDS: United States North America California
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