BELLINGHAM, Wash. -- (BUSINESS WIRE) -- eXp Realty International Corporation (OTCBB: EXPI), the real estate cloud brokerage, announced today that the company has secured DTC Eligibility by The Depository Trust Company for its shares on the OTC effective January 29, 2014.
DTC eligibility allows ownership of the company's shares to be transferred electronically by the Depository Trust Company. The Depository Trust Company is a member of the U.S. Federal Reserve System and a registered clearing agency with the Securities and Exchange Commission (SEC). The DTC provides a safe and efficient way for buyers and sellers of securities to execute and settle transactions. This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors.
"Obtaining DTC eligibility represents a significant milestone for our Company,” said eXp Realty CEO Glenn Sanford. “As we continue to grow, DTC-eligibility will simplify the process of trading and exchanging our common stock and will be of significant benefit to our shareholders."
About eXp Realty International Corporation
From its inception, eXp Realty has been engaged in the marketing and sale of residential real estate with the goal of being the first truly cloud-based, full-service, global real estate brokerage company delivering around-the-clock access to collaborative tools and professional development for managing real estate brokers and agents. The business model was created to increase brokers’ and agents’ listings and sales, while reducing their overhead and capital requirements. eXp can now be found in 29 states and in Ontario, Canada. For more information, visit: www.exprealty.com.
The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements.