Tickers: XCNQ:BIGG, PINX:BBKCF
Tags: Blockchain, Technology
VANCOUVER, BC / TheNewswire / April 17, 2018 – BIG Blockchain Intelligence Group Inc. ("BIG" or "the Company") (CSE: BIGG)(WKN: A2JSKG)(OTC: BBKCF), a leading developer of Blockchain technology search, risk-scoring and data analytics solutions, is pleased to announce that the Company’s common shares traded in the United States, under the symbol BBKCF, are Depository Trust Company ("DTC") eligible, effective April, 11 2018.
DTC is a subsidiary of The Depository Trust & Clearing Corporation, which manages electronic clearing and settlement of publicly traded companies. Securities, such as BIG’s, that are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible". Trading of securities through DTC allows for cost-effective clearing and guaranteed settlement, in turn simplifying and accelerating the settlement process for investors trading BIG’s shares.
Securities that do not have DTC eligible status are often not accepted for trading at many brokerages due to the amount of paperwork and staff required to execute and settle trades, which makes it more difficult for a significant percentage of investors to easily access the shares in question.
BIG’s CEO, Lance Morginn, commented: "We are very pleased to have obtained DTC eligibility. This status will greatly simplify the process of investors and brokers trading and exchanging our stock in the United States, which will benefit BIG and our shareholders. We also expect that being DTC-eligible will improve our overall share liquidity and the attractiveness of BIG’s shares on the market, particularly as we continue to sign on new clients around the world."
DTC is a member of the U.S. Federal Reserve System, a limited-purpose trust company under New York State banking law, and a registered clearing agency with the U.S. Securities and Exchange Commission.
In addition to the trading in the US, BIG’s shares continue to trade on the Canadian Securities Exchange (CSE: BIGG) and the Frankfurt Stock Exchange (WKN: A2JSKG).
On behalf of the Board,
Chief Executive Officer
KCSA Strategic Communications
Valter Pinto, Managing Director
Scott Eckstein, VP of Market Intelligence
P: (212) 896-1254
Investor Relations – Canada
Skanderbeg Capital Advisors
P: (604) 687-7130
BIG Investor Relations
P: (778) 819-8705
For more information and to register to BIG’s mailing list, please visit our website at www.blockchaingroup.io. Follow @blocksearch on Twitter. Or visit SEDAR at www.sedar.com.
About BIG Blockchain Intelligence Group Inc.
BIG Blockchain Intelligence Group Inc. ("BIG") has developed from the ground up a Blockchain-agnostic search and analytics engine, QLUETM, allowing RegTech, Law Enforcement & Government Agencies to trace, track and monitor cryptocurrency transactions at a forensic level. Our commercial product, BitRank VerifiedTM, offers a "risk score" for Bitcoin wallets allowing banks, exchanges and eCommerce sites to meet traditional regulatory/compliance requirements.
About BitRank VerifiedTM
BIG developed BitRank VerifiedTM to offer the financial world a simplified front-end results page, enabling consumer-facing bank tellers, exchanges, eCommerce sites and retailers to know whether a proposed transaction is safe to accept, questionable, or should be denied. BitRank VerifiedTM is custom tailored to provide the FinTech sector with a reliable tool for meeting their regulatory requirements while mitigating exposure to risk of money laundering or other criminal activities. BIG’s goals are to bring trust to this new era of money while creating a clearer path to mainstream acceptance and usage of cryptocurrencies by bridging the gap between users and global standards set by regulators.
QLUE(TM) (Qualitative Law Enforcement Unified Edge) incorporates advanced techniques and search algorithms to detect suspicious activity within bitcoin and cryptocurrency transactions. QLUETM enables law enforcement and RegTech investigators to literally "follow the virtual money" as they quickly and visually trace, track and monitor transactions in their fight against money laundering, human trafficking, terrorism financing, and other cyber crimes.
Certain statements in this release are forward-looking statements, which include completion of the search technology software and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of BIG. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Undue reliance should not be placed on the forward-looking information because BIG can give no assurance that they will prove to be correct. Important factors that could cause actual results to differ materially from BIG’s expectations include, consumer sentiment towards BIG’s products and Blockchain technology generally, technology failures, competition, and failure of counterparties to perform their contractual obligations.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BIG disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BIG undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
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