SEATTLE, WA--(Marketwired - Mar 22, 2016) - Baristas Coffee
Company, Inc. (OTCQB: BCCI) (OTCQB: BCCID), "Seattle's World Famous Costume
Coffee," announced today the Depository Trust Company (DTC), which
performs the functions of a Central Securities Depository, has
approved Baristas for the Direct Registration System (DRS)
effective immediately. All physical certificates and shares held in
street name are now being called for deposit under the Direct
Registration System.
There are many significant advantages for investors and
companies once they are able to use the Direct Registration System.
Stocks held through DRS cannot be lent to short sellers, there are
no physical certificates to lose, investors are protected against
brokers going bankrupt, and transfers are easier and less
costly. Companies eligible for DRS ensure secure electronic
transfer, experience numerous immediate cost savings from reduced
printing, lower cost of corporate actions, and are generally more
efficient. In addition, because stocks cannot be lent but must
settle prior to transfer, the value is generally protected against
panic selling. For those companies that qualify, DRS supports the
industry's move to a dematerialized security environment and
shortened settlement timeframes.
Barry Henthorn, CEO, commented, "Being approved by the DTC to
trade under the DRS will not only save Baristas money, but gives
strong value to our investors as well. Companies that are able to
trade under the Direct Registration System are far less vulnerable
to market manipulation, have a much higher level of investor
confidence, and their stock is available to a greater number of
brokers for investment."
About Baristas Coffee Company
(BCCID): Headquartered in the Seattle, Washington
area, Baristas Coffee Company, Inc. was formed to create a national
brand of drive-thru espresso stands. BCCI is accomplishing this by
acquiring established businesses that fit its model, opening new
locations, and by franchising. Baristas also creates and markets
coffee based retail products such as Keurig 2.0 compatible White
Coffee and other cosmetic products. Baristas has separated itself
from the competition with its "theme" of joining attractive female
baristas in entertaining costumes preparing the finest beverages
available on the market. Baristas can currently be found throughout
the greater Seattle area as well as in Florida, and Montana.
Your state, coming soon.
For more information on this fascinating concept please visit us
at www.baristas.tv.