Mr. Brad Moore reports
GLOBAL COMPLIANCE APPLICATIONS CORP. COMMENCES TRADING ON UPSTREAM, A MERJ EXCHANGE MARKET, UNDER 'GCAC' GIVING INVESTORS OUTSIDE OF NORTH AMERICA STREAMLINED ACCESS TO SHARES
Global Compliance Applications Corp. will become available to trade on Upstream, an MERJ Exchange market and global securities trading app, on Oct. 7, 2024, at 10 a.m. EST, under the ticker symbol GCAC. Dual listing on Upstream aims to provide international investors with streamlined access to Global Compliance shares using just an app.
"GCAC's dual listing on Upstream aligns perfectly with our commitment to transparency and consumer empowerment through innovative blockchain technology," said Global Compliance chief executive officer Brad Moore. "Our Uplift app, powered by the Efixii ethereum Layer 2 blockchain, supports veterans by providing access and transparency from the palm of your hand. On Uplift, our veterans can verify their organic treatments' product life cycle -- from production to consumption, and they can even save money on eligible treatments using our in-app coupons."
Investors outside the United States and Canada can now deposit and trade Global Compliance securities by downloading Upstream from their preferred app store, creating an account by tapping sign up and completing a simple KYC (know your client) identity verification. Then investors may either deposit their Global Compliance shares or finance their account with credit, debit, PayPal, U.S. dollars or USDC (USD Coin) to buy shares. Note that U.S. and Canadian persons may not deposit, buy or sell securities on Upstream. Trading will commence when an existing shareholder places an offer for sale on Upstream establishing the first trade.
Details on the Global Compliance listing and deposit and trading instructions can be found on Upstream's website. The Upstream market is open five days a week 20 hours a day, Monday to Friday, from 10 a.m. to 6 a.m. UTC+4 (1 a.m. to 9 p.m. EST). Traders on Upstream's smart-contract-powered market will experience real-time trading and settlement and a transparent order book that does not permit common market manipulations.
Existing global (non-U.S./non-Canadian) shareholders may transfer their shares by opening Upstream; tapping investor, manage securities, deposit securities; then entering the ticker symbol and the number of shares to deposit; and tapping submit. Next, shareholders enter the brokerage firm name and brokerage account number and tap submit. Finally, they tap add e-signature, sign their names on the screen using their fingers, tap done and then tap sign. Shareholders will receive by e-mail an executed deposit form to submit to their current brokerage firm to initiate a withdrawal to the transfer agent. Shareholders will receive a push notification once the shares are deposited and available for trading on Upstream.
About Global Compliance Applications Corp.
Global Compliance is a global leader in designing and developing innovative blockchain technologies and machine learning solutions to improve real-world businesses. Global Compliance's leading solution is Efixii, an Ethereum Layer 2 blockchain and EVM (ethereum virtual machine) programming functionality that is on par with other Layer 2s. Global Compliance can connect product producers, distributors, manufacturers and retailers through a series of value-chain dApps (decentralized apps) that allow for data connectivity to drive better consumer experiences and sales. Global Compliance serves as a one-stop digital-coupon shop that saves users money on cannabis and CBD (cannabidiol) that may have Efixii-blockchain-verified seed-to-sale life cycle information. Global Compliance works in many agricultural industries, providing a value-added blockchain offering through a cost-effective SaaS (software-as-a-service) licensing model.
We seek Safe Harbor.
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