WEST HOLLYWOOD, CA / ACCESSWIRE / June 16, 2014 / Wowio, Inc. (OTCBB:WWIO), a digital media company with a patented process for inserting ads into eBooks, a mobile eBook distribution platform, and a proprietary mobile ad network, today announced that the Depository Trust Corporation (DTC) has approved Wowio's common stock for DWAC/FAST transfer through Wowio's transfer agent, VStock Transfer, LLC. With this newly approved stock transfer capability, Wowio's shareholders can now transfer their shares of WWIO electronically after buying or selling on the open market without the extra expense and delay resulting from the redundant process of requesting and transferring physical certificates.
Benefits to Wowio's shareholders as a result of becoming DWAC/FAST approved include reducing the time from weeks to hours for stock deposits and withdrawals into brokerage accounts while eliminating the inherent risks associated with the loss and replacement of physical stock certificates.
Wowio's President and CEO, Brian Altounian, stated, "We are pleased to share this corporate development with our shareholders. Not only does becoming DWAC/FAST eligible provide our existing investors with new efficiencies - both in cost and time savings - but it should aid in facilitating more trading in the open market and help increase overall shareholder liquidity in Wowio's stock."
Further information can be found on the Company's corporate website at http://www.studiowdigital.com.
About WOWIO, Inc.
WOWIO, Inc., doing business as StudioW, is an established leader in digital media creation and content distribution, committed to developing, producing and distributing engaging entertainment properties across the digital media landscape. As a digital publishing company, StudioW is principally engaged in the monetization of the written word. Through creative and proprietary strategies and technologies, the company has identified a multi-layered "toolbox" approach to maximizing written content, both its own and that of other publishers. StudioW has acquired and built a number of digital media distribution outlets including The Duck Webcomics, Carthay Circle Publishing and wowio.com.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
SOURCE: Wowio, Inc.
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