NutraFuels, Inc. (NTFU) Becomes DTC Eligible and DWAC Approved
June 26, 2014 - Coconut Creek, FL
COCONUT CREEK, FL--(Marketwired - June 26, 2014) - NutraFuels, Inc. ("NTFU") (PINKSHEETS: NTFU), manufacturer of oral spray dietary supplements, announced today that the company's stock is now DTC eligible and DWAC approved.
"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.
DWAC - Deposit/Withdrawal At Custodian
The DWAC process offers a number of benefits to investors. Being electronic systems, they greatly reduce the amount of time required to transfer and deliver securities, thereby significantly accelerating the settlement process for investors. They also eliminate the risk of losing physical certificates, as well as the higher transportation and handling costs associated with such certificates.
About NutraFuels, Inc.
NTFU was founded in 2010, to manufacture, distribute and market a line of oral spray nutritional dietary products to consumers, retailers and wholesale outlets. Oral spray delivery systems are an effective methodology for delivery of pharmaceutical and nutraceutical products. Oral spray delivery has gained acceptance and is being recognized by consumers for its convenience, dosage precision and timely assimilation into the body. NTFU's product line consists of vitamins and nutrients in an aqueous solution, orally delivered through a non-aerosol pump. NTFU's products are sprayed into the mouth in the form of a fine mist entering the delicate tissue of the mouth. The nutrients are delivered directly into the bloodstream and assimilated throughout the body, avoiding the solubility and absorption problems common with most ingested vitamins and nutritional supplements in pill or capsule form.
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