UDS Inc., a Division of Delivery Technology Solutions, (Pinksheets: DTSL) Receives Upgrade to “Current Info” Tier Status With OTC Markets
Marketwire “Press Releases”
BOCA RATON, FL — (MARKET WIRE) — 11/18/10 — Universal Delivery Solutions (UDS), the operating unit of Delivery Technology Solutions Inc. (PINKSHEETS: DTSL), the leader in delivery management technology, announced today that after furnishing all required documentation and filings, Issuer Services at Pink OTC Markets have removed the “limited information” status and have upgraded the company to its highest rating of “Current Information.”
OTC MARKETS employs a rigorous information reporting system for non-reporting companies and rates them in accordance to transparency elements from its lowest rating of “Caveat Emptor Beware,” to its highest rating of “Current Information” for Pinksheet companies.
Current Info tier is the highest status with requirements including Initial Disclosure and Information statements, current share structure, current financials and an SEC attorney letter verifying financial information submitted.
“We are very pleased with the acknowledgment and upgrade from Issuer Services at OTC Markets,” said Ryan F. Coblin , CEO of UDS. “We believe this new status will greatly enhance overall market confidence in DTSL and bring a level of transparency to our company not seen in the past.”
Additionally, the company will provide information in the coming days by virtue of a CEO update regarding guidance, share structure, and the current corporate model in detailing its future growth plans.
“The ability to upgrade to ‘Current Info’ status on the OTC MARKETS is the first step in what our company believes will ultimately result in our becoming fully reporting in the future,” added Coblin. “This is a major milestone for the company in our goal to become more transparent as our company grows. We are dedicated to improving the shareholders ability to be able to make an informed decision when it comes to an investment in DTSL.”