BOCA RATON, FL, November 19, 2012 /24-7PressRelease/ -- Puissant Industries, Inc. (OTCQB:PSSS) receives electronic trading eligibility status from Depository Trust Company (DTC) after its go public transaction. PSSS completed its going public transaction by undertaking a direct public offering and filing a registration statement with the Securities and Exchange Commission. Eligibility enables ownership of the company's shares to be transferred electronically by the DTC.
Brenda Lee Hamilton, securities lawyer of Hamilton & Associates, SEC counsel for Puissant Industries, stated, "Electronic trading is the standard in today's financial markets, and becoming DTC-eligible greatly simplifies the process of trading and exchanging a public company's common stock and improves market liquidity. Companies who are unable to obtain DTC eligibility often fail to establish active trading markets for their securities. DTC eligibility is critical to a successful going public transaction."
Puissant Industries, Inc. conducts oil and gas exploration, development and production activities in fractured shale gas formations located in Clay, Laurel and Whitley counties of Kentucky. Puissant holds a 100% working interest and 85% net revenue interest in 39 closed in wells, with approximately 28 miles of natural gas pipeline.
This press release contains forward-looking statements. The words or phrases 'may,' 'intends,' 'expects,' 'estimate,' 'indicate,' 'plans,' 'anticipates,' 'could,' 'if,' 'will,' 'should' or similar expressions are intended to identify 'forward-looking statements.' Actual results could differ materially from those projected in forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place undue reliance on such statements. Unless otherwise required by applicable law, the Company does not undertake, and the Company specifically disclaims any obligation to update any forward- looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
Hamilton & Associates Securities Law and securities lawyer, Brenda Hamilton of Boca Raton Florida founded www.SecuritiesLawyer101.com and GoPublic101.com to assist public and private companies in securities law matters and go public direct transactions. The firm specializes in representing issuers in go public direct transactions, DTC eligibility, SEC compliance and registration, Securities law and forensic analysis of securities transactions including reverse mergers and trading matters.