BALDWIN, NY / ACCESSWIRE / October 8, 2014 / Hispanica International Delights of America, Inc. (OTCBB: HISP) (OTC PINK: HISP) (PINKSHEETS: HISP), a diversified food and beverage company in the Hispanic and Ethnic Food industry, announced today that the company's stock is now DTC eligible. The company is now waiting for complete deposits of shares from Registered Shareholders in order to have the company's stock begin trading. The Chairman & CEO, Fernando "Oswaldo" Leonzo said, "This is the final item we needed in order to allow the public to participate in our venture. We are pleased that everything has gone well up until now and soon we anticipate continuing to update the investment community of our progress as well as our immediate and future plans to grow this company to what we all believe it can be- a major company in our industry with good products and a loyal national customer base."
About DTCC
"DTCC" stands for "The Depository Trust Clearing Corporation." DTCC is a member of the U.S. Federal Reserve System. It is a limited trust company under New York State Banking law and a registered clearing agency with the SEC. The purpose of DTCC is to reduce costs associated with securities processing by financial intermediaries serving the public. They accomplish this by retaining custody of over 2 million securities and converting them to electronic files. The depository also provides the services necessary for the maintenance of the securities it has in custody.
The DTC eligibility process enhances capital market efficiencies and reduces costs to the industry by enabling eligible securities to be distributed, settled and serviced through DTC's automated processes.
DTC's straight-through processing mitigates risk for the industry through automation and standardization.
About Hispanica International Delights of America, Inc.
Hispanic International Delights of America, Inc. (HISP) is a public company, founded in 2013. HISP is dedicated in building one of the premier companies distributing Hispanic and Ethnic food and beverages throughout the United States. HISP has already begun to distribute fruit juices, nectars, and milk based products and soon will begin to distribute teas, carbonated drinks, dry goods, preserves, frozen foods and bakery products. The brands distributed are under a proprietary basis (through distribution agreements and/or exclusive licensing arrangements). These brands emulate the flavors, tastes, and traditions which have been known for generations among the Hispanic and other ethnic groups which are now becoming part of the American mainstream diet. HISP is also committed in building long-term relationships with its consumers by offering superior, high quality products at the most competitive prices.
HISP is headquartered in New York State with distribution operations under way in the New York City Tri-State Region, the Washington, D.C. Metro Area, the Houston Metropolitan Area, and in Los Angeles and the Southern California Region.
For more information on Hispanica International Delights of America, Inc. please visit http://www.hidainc.com/.
SAFE HARBOR ACT
Forward-Looking Statements: This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Hispanica International Delights of America, Inc. its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Hispanica International Delights of America, Inc.'s ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Hispanica International Delights of America, Inc.'s filings with the Securities and Exchange Commission.
CONTACT:
Robert Gunther
516-867-8383
SOURCE: Hispanica International Delights of America, Inc.