NEW CASTLE, Pa., Nov. 30, 2012 (GLOBE NEWSWIRE) -- Real Estate Contacts, Inc. (OTCBB:REAC) is pleased to announce that effective immediately the Company's common public traded shares have been granted eligibility status by the Depository Trust Company (DTC). Trading in securities that are "DTC-eligible" can be electronically cleared and settled through the facilities of DTC. This fully electronic and cost-effective method of clearing securities transactions accelerates the trade settlement process for all investors and the broker/dealers that process trades in DTC-eligible securities.
Real Estate Contacts, Inc. CEO & President Robert DeAngelis stated, "This is a very important step for the company and we are pleased to have obtained DTC eligibility. Electronic trading and settlement is the standard in today's financial markets and our becoming DTC-eligible will greatly simplify the process for all investors trading in (REAC) shares. Now being DTC eligible opens the door for a whole new group of investors to discover our company. We expect that our DTC-eligible status will improve our overall share liquidity and share attractiveness. As we continue to make progress in our efforts to grow the Company, we will continue to update our shareholders on our progress."
About Real Estate Contacts, Inc.
Real Estate Contacts, Inc. conducts an online real estate search portal and a real estate video listings portal that offers real estate professionals the opportunity to reach consumers interested in buying or selling property in their respective geographic area through the internet.
CONTACT: Robert DeAngelis 724-656-8886Source:Real Estate Contacts Inc.