Carson City, NV., Nov. 30, 2015 (GLOBE NEWSWIRE) -- Kashin, Inc., (OTCQB Symbol: KUSA) a cloud-based global digital payments technology company announced that it has secured DTC Eligibility by The Depository Trust Company for its shares on the OTC effective November 27, 2015.
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.
"We are pleased to have obtained DTC Eligibility, effective November 27th, 2015" Carl Maybin II, CEO of Kashin, Inc., stated; "Our shares can now be traded electronically, giving greater access to liquidity and an expansion of the types of investors who can now consider our shares for investment. Electronic trading is the standard in today's financial markets, and becoming DTC-eligible greatly simplifies the process of trading and exchanging our common stock. We continue to make positive steps to grow the Company. We would like to thank Vstock Transfer, for their guidance through this process. We continue to make progress in our efforts to grow the Company, and we will continue to update our shareholders on that progress."
About Kashin, Inc.:
Kashin is a cloud-based global digital payments technology company to supporting the 85% of the world without smartphones and the 65% of the world classified as Unbanked or Under-banked. Through Kashin's extensive payments platform, retailers can provide the mobile-first services their under-banked customers require, all in a branded, white-label environment.
· Enables nearly any mobile device to perform financial transactions with virtually anyone, anywhere, anytime.
· White label, cloud based digital payments platform that offers complete mobile commerce and payments service for retailers.
· Serving the unbanked or under-banked communities.
· Convenient, secure and economical.
· Unlike banks, remittance or check cashing companies, our product offers customers the ease of managing financial transactions while on the go and at a lower price.
The Kashin payments platform is a proprietary, crypto-currency system that interfaces with any financial services or banking system Through the platform, transactions are conducted through any mobile or standard eCommerce front-end system and are carried to the recipient, whether merchant or peer to peer, instantly and securely.
Safe Harbor Statement
This information contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on the SEC's website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
CONTACT: Carl Maybin II Kashin, Inc. CEO / Director Contact: 415.458.3033 / 345.938.5360 Email: email@example.com SOURCE Kashin, Inc. Source:Kashin, Inc.