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News Update


Precision Mapping Firm's Shares Granted DTC Eligibility
News Update

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ProStar Holdings advised that its common shares have been deemed to be DTC Eligible by The Depository Trust Co. of New York.

In a news release, Precision Mapping Solutions® company, ProStar Holdings Inc. (MAPS:TSX.V) announced that after receiving approval from The Depository Trust Co. (DTC) of New York, N.Y., its common shares are now designated as DTC eligible.

ProStar explained that DTC is the world's largest securities depository offering highly efficient electronic clearing and settlements of trades for brokers along with other related transactional and custodial services. The company stated that gaining DTC eligibility allows its shares to trade more easily and economically via electronic means in the U.S.

ProStar Holdings' CEO Page Tucker commented, "Achieving DTC eligibility to simplify trading of ProStar shares makes us accessible to an even broader range of investors and is expected to assist with our goal of increasing the liquidity and convenience of trading our shares within the U.S. and other jurisdictions."

The firm mentioned that DTC, which is now a wholly owned subsidiary of the Depository Trust & Clearing Corp., was established in 1973 to administer the functions of a Central Securities Depository for U.S. markets. The company facilitates and oversees electronic clearing and settlement of publicly traded companies and each year settles transactions totaling hundreds of trillions of dollars for U.S. public companies as well as companies from over 100 other countries.

ProStar stated that it is "a world leader" in Precision Mapping Solutions and that its native cloud and mobile flagship product called PointMan® is offered as a Software as a Solution (SaaS). The firm listed that its products and software can be deployed to capture, record and display pertinent data to manage critical infrastructure assets such as pipelines, railways, roads and utilities in real-time.

The company stated that its Precision Mapping Solutions are currently being used in North America by government agencies and several of the largest construction companies, subsurface utilities engineering firms and utility owners and operators.

ProStar added that it has entered into partnerships with many leading global geospatial technology firms, data collection equipment makers and dealer networks including Juniper® Systems, Radiodetection®, Trimble® and others.

The company indicated that it has been issued 19 patents in the U.S. and Canada. ProStar advised that "its patents protect the methods and systems required to digitally capture, record, organize, manage, distribute and display the precise location of critical infrastructure including buried utilities and pipelines."


1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this interview are billboard sponsors of Streetwise Reports: NONE. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with ProStar. Please click here for more information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of ProStar, a company mentioned in this article.

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