GRAND JUNCTION, Colo.,
Aug. 4, 2021 /CNW/ -- ProStar
Holdings Inc. ("ProStar®" or the "Company") (TSXV: MAPS) (FSE
5D00), a world leader in Precision Mapping Solutions®, today
announced that its common shares received approval from The
Depository Trust Company ("DTC") of New
York, NY and are now DTC eligible.
DTC eligibility allows ProStar shares to be more easily and
economically transferred between brokerage accounts electronically
within the United States. DTC is
the largest securities depository in the world, providing clearing
and settlement efficiencies for brokers, as well as various other
services.
Page Tucker, CEO of ProStar,
stated: "Achieving DTC eligibility to simplify trading of
ProStar shares makes us accessible to an even broader range of
investors and is expected to assist with our goal of increasing the
liquidity and convenience of trading our shares within the United States and other
jurisdictions."
About Depository Trust
Company (DTC)
Depository Trust Company (DTC) was founded in 1973 and is
a New York corporation that performs the functions of
a Central Securities Depository as part of the
US National Market System. DTC manages the electronic clearing
and settlement of publicly traded companies. Securities that are
eligible to be electronically cleared and settled through DTC are
considered to be "DTC eligible." DTC annually settles transactions
worth hundreds of trillions of dollars, processes hundreds of
millions of book-entry deliveries, and custodies millions of
securities issues worth tens of trillions of dollars issued in
the United States and over 100
other countries. Since 1999 it has been a subsidiary of
the Depository Trust & Clearing Corporation, a
securities holding company.
About ProStar (TSXV: MAPS) (FSE: 5D00)
ProStar is a world leader in Precision Mapping Solutions.
ProStar's flagship product, PointMan®, is natively cloud and mobile
and is offered as a Software as a Solution (SaaS). ProStar's
solutions seamlessly connect the field and office and provide the
ability to precisely capture, record, display, and manage critical
infrastructure data in real time including roads, railways,
pipelines, and utilities. ProStar's solution is being adopted by
some of the largest entities in North
America, including Fortune 500 construction firms, the
largest subsurface utilities engineering (SUE) firms, utility
owners, and government agencies.
ProStar has strategic business partnerships are with the world's
leading geospatial technology providers, data collection equipment
manufacturers and their dealer networks, including Trimble®
Juniper® Systems, Bad Elf, Vivax-Metrotech, Radiodetection®, and
Subsite® Electronics.
The Company has made a significant investment in creating a vast
intellectual property portfolio that includes 19 issued patents in
the United States and Canada, with more pending. The patents protect
the methods and systems required to digitally capture, record,
organize, manage, distribute, and display the precise location of
critical infrastructure including buried utilities and
pipelines.
ProStar's Executive management team has extensive experience in
the management of both early stage and Fortune 500 technology
companies in the private and public sectors. The leadership team
includes Vasa Dasan, former CTO of Sun Microsystems, Carl Lashua, previous Chief Information Officer
of HSBC Canada and Europe, and
Matthew Breman, prior Executive for
Disney.
For more information about ProStar, please visit:
www.prostarcorp.com.
Contact:
Alex Moore
Investor Relations
970-822-4792
Investorrelations@prostarcorp.com
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
Cautionary Statements Regarding Forward-Looking
Information
This press release contains forward-looking information within the
meaning of Canadian securities laws. Such information includes,
without limitation, information regarding the terms and conditions
of the Company's future plans. Although the Company believes that
such information is reasonable, it can give no assurance that such
expectations will prove to be correct.
Forward-looking information is typically identified by words
such as: "believe", "expect", "anticipate", "intend", "estimate",
"postulate", and similar expressions, or are those, which, by their
nature, refer to future events. The Company cautions investors that
any forward-looking information provided by the Company is not a
guarantee of future results or performance, and that actual results
may differ materially from those in forward-looking information as
a result of various factors, including, but not limited to: the
state of the financial markets for the Company's securities; the
state of the technology sector; recent market volatility; the
COVID-19 pandemic; the Company's ability to raise the necessary
capital or to be fully able to implement its business strategies;
and other risks and factors that the Company is unaware of at this
time. The reader is referred to the Company's recent Information
Circular filed on SEDAR on November 20,
2020 for a more complete discussion of applicable risk
factors and their potential effects, copies of which may be
accessed through the Company's issuer page on SEDAR at
www.sedar.com.
The forward-looking statements contained in this press release
are made as of the date of this press release. The Company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
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SOURCE ProStar Corp