DALLAS, June 06, 2017 (GLOBE NEWSWIRE) -- GEX Management, Inc. (OTCQB:GXXM) announced that the company has secured DTC Eligibility by The Depository Trust Company, effective June 6, 2017, for its shares of common stock listed on the OTCQB.
The Depository Trust Company (DTC) is a subsidiary of the Depository Trust & Clearing Corporation DTCC, and manages the electronic clearing and settlement of publicly traded companies. 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.
Carl Dorvil, Chief Executive Officer at GEX stated, “We are pleased to announce the milestone of becoming DTC eligible, which simplifies the process of trading and exchanging our common stock listed on the OTCQB. We would like to thank Vstock Transfer for their guidance during this process, and we will continue in our efforts to grow our company and our shareholder base.”
About GEX Management, Inc.:
GEX Management, Inc. is a licensed Professional Employer Organization (PEO) and a Professional Services Company that provides comprehensive back office services to our clients in a variety of industries. Our services include HR, Payroll, Risk & Compliance Management, Digital Marketing, IT, Executive Consulting, and Accounting/Bookkeeping. We offer progressive and complete solutions for employee management and operational needs of your company. http://www.gexmanagement.com
Information on Forward Looking Statements:
The statements contained herein that are not historical facts are forward-looking statements within the meaning of the federal securities laws (Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). You can identify such forward-looking statements by the words “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “likely,” “possibly,” “probably,” “goal,” “opportunity,” “objective,” “target,” “assume,” “outlook,” “guidance,” “predicts,” “appears,” “indicator” and similar expressions. Forward-looking statements involve a number of risks and uncertainties. In the normal course of business, GEX Management, Inc., in an effort to help keep our stockholders and the public informed about our operations, may from time to time issue such forward-looking statements, either orally or in writing. Generally, these statements relate to business plans or strategies, projected or anticipated benefits or other consequences of such plans or strategies, or projections involving anticipated revenues, earnings, profits, pricing, operating expenses or other aspects of operating results. We base the forward-looking statements on our expectations, estimates and projections at the time such statements are made. These statements are not guarantees of future performance and involve risks and uncertainties that we cannot predict. In addition, we have based many of these forward-looking statements on assumptions about future events that may prove to be inaccurate. The actual results of the future events described in such forward-looking statements could differ materially from those stated in such forward-looking statements.
Investor Relations Contact: Clayton Carter, Chief Financial Officer 877-210-4396