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
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SOURCE: Wowio, Inc.