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PLATTSBURGH, N.Y., Oct. 25, 2017 -- Stargaze Entertainment Group Inc. (OTC PINK:STGZ), an entertainment production and distribution company, takes pleasure in announcing that the Depository Trust Corporation (the "DTC") has approved its common stock for DWAC/FAST transfer through the Company's Transfer Agent, Manhattan Transfer Registrar Company. The Depository Trust Company (“DTC”) is a subsidiary of the Depository Trust & Clearing Corporation, and manages the electronic clearing and settlement of publicly traded companies. This newly approved stock transfer capability will enable the "Stargaze Entertainment Group Inc." shareholders to transfer their shares of "STGZ" stock electronically after buying or selling on the open market, without the extra expense and delays associated with the processing and transfer of physical stock certificates.
DTC approval should change the transactional procedure to a much faster one by eliminating the risk associated with the loss and replacement as well as the extra expense and delay associated with the processing and transfer of physical share certificates. The DWAC/FAST electronic transfer process is expeditious and many companies approved for it may experience higher trading volumes in their stock given the additional accessibility and availability of shares for trading.
"DWAC transfer eligibility is a significant step that shapes the growth and evolution of Stargaze Entertainment Group as a public company," stated Tony Green, President and CEO. "This improvement will enable our shareholders to maintain the highest levels of efficiency, accountability and compliance standards for their trading activities in our shares through the best and most up-to-date electronic securities trading platforms being used today. Not only will it save our shareholders cost and time, but it will also facilitate more trading in the open market and enable us to expand our shareholder base."
Mr. Green continued, "In addition to being DWAC/FAST eligible, I am glad to inform our shareholders that our latest financial filings and the quarterly report ending August 31, 2017 are available for all to review on the OTC Markets trading platform and on the company web site at www.stargazeentertainmentgroup.com."
About Stargaze Entertainment Group Inc.
Stargaze Entertainment Group Inc. (STGZ) is an entertainment company focused on the creation, production and distribution of original and licensed media content of music, film and television.
Safe Harbor Statement:
This release contains forward-looking statements that involve risks and uncertainties, including without limitation, forward-looking statements relating to the company’s financial prospects and other projections of its performance, the existence of new market opportunities and interest in the company’s products and solutions, and the company’s ability to increase its revenue and regain profitability by capitalizing on these new market opportunities and interest and introducing new products and solutions. Among the important factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements are changes in demand for the company’s products, new and changing technologies, and the company’s ability to compete effectively with other companies. These and other factors discussed in the company’s filings with the Securities and Exchange Commission, OTC Markets, Inc., and others, could cause actual results to differ materially from those expressed or implied in any forward-looking statements. The forward-looking statements contained in this release are made on the basis of the views and assumptions of management regarding future events and business performance as of the date of this release, and the company does not undertake any obligation to update these statements to reflect events or circumstances occurring after the date of this release.
CONTACT:
Mr. Tony Green
President & CEO
Stargaze Entertainment Group Inc.
[email protected]
www.stargazeentertainmentgroup.com
Tel. 646-741-9688
