FLINT, Mich., April 14, 2014 (GLOBE NEWSWIRE) -- GEI Global Energy Corp. (OTCBB:GEIG) has secured DTC eligibility by The Depository Trust Company for its shares on the OTCBB effective April 9, 2014.
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.
K. J. Berry, GEI Chairman and CEO, stated: "We are thrilled for our company and for our shareholders to announce that we are DTC eligible. The ability for electronic trading is the 'gold standard' for today's financial markets and elevates our company to the next level for market acceptance. Obtaining DTC eligibility simplifies the process of trading GEIG stock and is a significant step forward as the company seeks to improve shareholder value."
GEI GLOBAL ENERGY CORP., as a young emerging public company trading on the OTC Markets, the OTCBB, Yahoo Finance and other platforms, was originally established in 2007 as a Michigan based high-tech spin-off private Company with a menu of novel and innovative Fuel Cell technologies. GEI's product line is designed to be scalable for green hybrid fuel cell/solar power plants around the world. A multi-trillion dollar market is potentially available and, having recently gone public, has provided additional funding options which allows the Company to not only focus on existing customer demands, but also opens up expansion plans into worldwide markets for clean and inexpensive energy (www.geiglobal.com).
For more information regarding GEI GLOBAL's vision for an energy secure future, please click on the following video link: http://private.geiglobal.com/wp-content/uploads/2013/06/who-is-gei5.mp4.
Notice Regarding Forward-Looking Statements
This document contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mining exploration companies. These forward-looking statements are made as of the date of this document, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
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The Importance of Commercialization
Tuesday, 29 July 2008 03:35
GEI is part of the Fuel Cell and Sustainable/Alternative Energy industry and has a target market that includes portable and on-board power generation applications requiring efficient, clean, near-zero emissions, and silent operations in the 2kW to 8kW nominal power range.
Fuel cells have several advantages over current energy producing technologies. They are efficient, environmentally benign, fuel flexible, modular, scalable, have low and easy maintenance, and are adaptable to specialized applications.