AMPD Announces DTC Eligibility

Rhea-AI Summary

AMPD Ventures Inc. announced its common shares are now eligible for electronic clearing and settlement via the Depository Trust Company (DTC) in the United States. This DTC eligibility is expected to enhance the liquidity and trading efficiency of AMPD's shares. American investors may benefit from improved execution speeds, making shares more accessible to a broader range of U.S. investors. AMPD provides high-performance cloud solutions targeted at low-latency applications, including gaming and big data.

Positive

• DTC eligibility expected to enhance liquidity of shares in the U.S.
• Increased convenience for American investors with electronic trading.

Negative

• No guarantee that liquidity will improve following DTC eligibility.
• Risks associated with assumptions of DTC benefits may not materialize.

VANCOUVER, BC / ACCESSWIRE / December 10, 2021 / AMPD Ventures Inc. ("AMPD" or the "Company") (CSE:AMPD)(OTCQB:AMPDF)(FSE:2Q0), a next generation digital infrastructure provider, is pleased to announce that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company ("DTC") in the United States.

DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that 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 eligibility is expected to create a seamless process of trading and enhance liquidity of the Company's common shares in the United States over time. The ability to have AMPD's shares electronically cleared and settled in the United States is far more convenient and reduces the costs incurred in trading shares. With AMPD's shares now traded electronically in the United States, existing American investors may benefit from greater liquidity and improved execution speeds, while AMPD's shares will be available to a broader range of investors in the United States.

About AMPD Ventures Inc.

AMPD specializes in providing high-performance cloud and computing solutions for low-latency applications, including video games and eSports, digital animation and visual effects, and big data collection, analysis and visualization. Additional information about the company is available on SEDAR and our website at http://www.ampd.tech.

For further information, please contact:
AMPD Investor Relations:
Tel: 604-332-3329 ext. 3
ir@ampd.tech
http://www.ampd.tech

ON BEHALF OF THE BOARD OF DIRECTORS

/s/ "Anthony Brown"

Anthony Brown
CEO & Director
AMPD Ventures Inc.
Tel: 604-332-3329

Cautionary Statement

Certain information in this news release constitutes forward-looking information under Canadian securities laws. Often but not always forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects", "is positioned", "estimates", "intends", "assumes", "anticipates", or "believes", or variations or negatives of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved". Forward looking information in this news release relates to the benefits that we expect AMPD and our shareholders in the United States will derive from AMPD's shares obtaining DTC eligibility.

Forward-looking information by its nature is based on assumptions and involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Although our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statements or information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include: the possibility that the liquidity of our shares will not be enhanced by the achievement of DTC eligibility and that our shareholder base in the United States will not be broadened through our shares now being DTC eligible, as well as those factors discussed in the section entitled "Business Risk Factors" in our most recent Management Discussion and Analysis filed on SEDAR.

There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change and you are referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada and elsewhere.

SOURCE: AMPD Ventures Inc.

View source version on accesswire.com:
https://www.accesswire.com/676929/AMPD-Announces-DTC-Eligibility

FAQ

What is the significance of DTC eligibility for AMPD Ventures Inc. (AMPDF)?

DTC eligibility allows AMPD's shares to be electronically cleared and settled in the U.S., enhancing liquidity and trading efficiency.

How will DTC eligibility benefit AMPD's shares and investors?

It should improve execution speeds and accessibility for American investors, potentially broadening the shareholder base.

When was AMPD Ventures Inc. announced as DTC eligible?

The announcement was made on December 10, 2021.

What potential risks are associated with AMPD's DTC eligibility?

There is no assurance that liquidity will increase, and risks may prevent expected benefits from materializing.