Affinity Beverage Reaches Important Milestone
May 08 2017 - 4:06PM
InvestorsHub NewsWire
WASHINGTON, DC -- May 8, 2017 -- InvestorsHub NewsWire --
Affinity Beverage Group, Inc ( OTC Pink: ABVG, herinafter the
"Company") " announced today that the Company has been removed from
the DTC Chill list and is now approved as a DWAC and FAST (Fast
Automated Securities Transfer service) trading eligible company.
DWAC enables investors to hold securities in registered form on the
books of the transfer agent rather than in physical form. DWAC is
an electronic transaction system run by The Depository Trust
Company (DTC) that makes it possible to transfer new shares or
paper share certificates between broker/dealers or custodial banks,
the DTC participants, and the issuer’s transfer agent.
There are several benefits to DWAC rather than traditional
paper issuance of stock certificates. First, it reduces the amount
of time of the settlement process, the transfer and delivery of
securities, for investors. The second benefit is that there is less
risk of losing physical certificates. Thirdly, it lowers the cost
of shipping and handling costs that are necessary to deliver paper
certificates.
"Achieving this goal was high on our list of corporate
governance restructuring matters that we wanted to address when we
assumed control of the company. We feel that is is extremely
important to give as many potential investors the best and most
efficient opportunities to participate in our offering. Many
investors who rely solely on trading platforms that utilize FAST as
a critical element of their investment process are now able to
participate in our offering", stated Company CEO, Janon
Costley.
Please continue to follow the Company for more information and
further updates.
About Affinity Beverage:
Affinity Beverage Group, Inc. (www.affinitybeverage.com) is a
holding company that focuses on branded consumer product
acquisition opportunities in the $3.4 trillion health and wellness
sector. Affinity primarily targets lifestyle brands,
companies, and/or exclusive product distribution rights focusing on
traditional and non-traditional, healthy beverage options. Affinity
will also seek opportunities involving uniquely positioned young
brands specializing in all natural/organic foods, bio-food,
supplements and personal care products for strategic partnerships,
distribution agreements and potential acquisition.
Forward-Looking Statements
Certain statements in this news release may contain
forward-looking information within the meaning of Rule 175 under
the Securities Act of 1933 and Rule 3b-6 under the Securities
Exchange Act of 1934, and are subject to the safe harbor created by
those rules. All statements, other than statements of fact,
included in this release, including, without limitation, statements
regarding potential future plans and objectives of the company, are
forward-looking statements that involve risks and uncertainties.
There can be no assurance that such statements will prove to
be accurate and actual results and future events could differ
materially from those anticipated in such statements.
Technical complications, which may arise, could prevent the
prompt implementation of any strategically significant plan(s)
outlined above.
Contact:
Affinity Beverage Group
info@affinitybeverage.com
IG: @affinitybeverage
Twitter: @affintybev
P. 888.406.1138
SOURCE Affinity Beverage Group
Affinity Beverage (CE) (USOTC:ABVG)
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