September 15, 2008
Mine Clearing Corp. Receives DTC Eligibility
Mine Clearing Corp. (OTCBB: MCCO) is pleased to announce that the Company has been granted eligibility status by the Depository Trust Company (DTC).
The DTC provides banks, brokerage firms and other institutions with an efficient means of moving securities and settling trades electronically.
"Securities not DTC eligible are often not accepted for trading at many institutions or simply restricted from being traded on a daily basis due to the amount of paperwork or manpower required to place and execute trades," stated Mine Clearing Corp. President Larry Olson. "Becoming DTC eligible resolves these issues and is a crucial step in increasing our exposure and attracting new investors to our company."
Depository Trust Company (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 Securities and Exchange Commission. The depository brings efficiency to the securities industry by retaining custody of some two million securities issues, effectively "dematerializing" most of them so that they exist only as electronic files rather than as countless pieces of paper. The depository also provides the services necessary for the maintenance of the securities it has in custody.
About Mine Clearing Corp.
Mine Clearing Corp. ("MCC") currently trades on the OTC Bulletin Board under the symbol MCCO. MCC is developing a technology business focused on the scanning, mapping and removal of buried landmines. The sensor-based proprietary system currently under development is projected to be approximately three times faster and 50% less expensive than existing best-in-class demining methods.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, and are subject to Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.
Contacts: Mine Clearing Corp. Larry Olson President and CEO (403) 681-6249 Email: [email protected] Website: www.mineclearing.com
SOURCE: Mine Clearing Corp.