Smart energy technology company Kontrol Energy (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8) this
morning announced that it has engaged a consultant to assist in its application
for eligibility to The Depository Trust Company (“DTC”) for trading of the
company’s shares on the U.S. OTC Market. The DTC, a subsidiary of the
Depository Trust & Clearing Corporation, manages electronic clearing and
settlement of publicly traded companies, and the electronic method accelerates
the receipt of stock, cash and the settlement process for investors trading on
the OTC marketplace. “Kontrol’s ongoing operating business expansion into the
U.S. through both existing customers and new potential acquisitions is the
primary reason that we seek to share our growth story with U.S. institutional
and retail investors,” Kontrol CEO Paul Ghezzi commented in the news release.
“When shares can trade electronically, existing investors benefit from greater
liquidity and execution speeds, while opening the door to new investors that
may have been previously restricted from transacting in company’s shares.”
To view the full press release, visit http://ibn.fm/TBear
About Kontrol Energy Corp.
Kontrol Energy is a leader in the energy efficiency sector
through IoT, Cloud and SaaS technology. With a disciplined mergers and
acquisition strategy, combined with organic growth, Kontrol Energy provides
market-based energy solutions to our customers designed to reduce their overall
cost of energy while providing a corresponding reduction in Greenhouse Gas
(“GHG”) emissions. Kontrol Energy was recently announced as the 7th fastest
growing Startup in Canada by Canadian Business and Maclean’s. Additional
information about Kontrol Energy can be found on its website at www.KontrolEnergy.com.
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