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HIRE Technologies Receives DTC Eligibility

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HIRE Technologies has announced that its shares listed under the ticker HIRRF are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC) in the U.S. This DTC eligibility will facilitate easier and cost-effective trading for U.S. investors, enhancing the liquidity and execution speed of transactions. CEO Simon Dealy emphasized that this marks a significant step in HIRE's efforts to increase its profile and outreach to investors in the U.S.

Positive
  • DTC eligibility enhances trading ease and reduces costs for U.S. investors.
  • Improved liquidity and execution speeds for HIRE's common shares.
Negative
  • None.

TORONTO, ON / ACCESSWIRE / February 2, 2022 / HIRE Technologies Inc. (TSXV:HIRE.V)(OTCQB:HIRRF) ("HIRE" or the "Company"), a company focused on modernizing and digitizing human resources solutions, is pleased to announce that its common shares currently listed on the OTCQB Venture Market under the ticker "HIRRF" are now eligible for electronic clearing and settlement through the Depository Trust Company ("DTC") in the United States.

"This is an important step for HIRE as DTC eligibility allows investors, particularly in the US, to trade HIRE's common shares easily and cost-effectively through almost any brokerage," said Simon Dealy, Chief Executive Officer of HIRE Technologies. "We look forward to increasing our profile and expanding our investor relations outreach in the US."

DTC is a subsidiary of the Depository Trust & Clearing Corporation, an American company that manages the electronic clearing and settlement of publicly traded companies. DTC eligible securities can be electronically cleared and settled, which simplifies the process of trading, improves execution speeds and enhances liquidity in the United States.

About HIRE Technologies Inc.

HIRE is investing in and shaping the future of human resource management with a technology-first focus, by consolidating and modernizing the staffing marketplace. The Company owns and operates staffing firms as well as platform technology that it uses to help those firms become more technologically advanced. The Company is a disciplined capital allocator due to its technology DNA and extensive experience in building and growing staffing companies of all types. HIRE has a large recurring revenue base and helps clients manage change in the workplace in order to achieve success. For more information, visit hire.company.

Contacts

Simon Dealy
Chief Executive Officer
(647) 264-9196
sdealy@hire.company

Caroline Sawamoto
Investor Relations
(647) 556-4498
investors@hire.company

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE: HIRE Technologies Inc.



View source version on accesswire.com:
https://www.accesswire.com/686725/HIRE-Technologies-Receives-DTC-Eligibility

FAQ

What does DTC eligibility mean for HIRE Technologies (HIRRF)?

DTC eligibility allows HIRE Technologies' shares to be traded easily and cost-effectively through almost any brokerage, enhancing liquidity and execution speeds.

When did HIRE Technologies announce its DTC eligibility?

HIRE Technologies announced its DTC eligibility on February 2, 2022.

How will DTC eligibility impact investors in HIRE Technologies?

It will simplify the trading process for investors, particularly in the U.S., leading to potentially increased interest and investment in HIRE Technologies.

What is the ticker symbol for HIRE Technologies on the OTCQB?

The ticker symbol for HIRE Technologies on the OTCQB is HIRRF.

HIRE TECHNOLOGIES INC

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