|By Marketwired .||
|January 31, 2014 06:00 AM EST||
RIVERSIDE, CA -- (Marketwired) -- 01/31/14 -- Alpha Network Alliance Ventures Inc. (OTCQB: ANAV), a leading online development of a social networking community website, www.kababayanko.com, for overseas workers from the Philippines and others who share or are interested in their lifestyle, announced today that the company's application for its securities to become eligible for deposit at the Depository Trust Company (DTC) has been approved.
The DTC provides banks, brokerage firms and other institutions with an efficient means of moving securities and settling trades electronically. Trading securities through the DTC allows for cost-effective clearing and guaranteed settlement.
"We were recently alerted to the fact that some investors were unable to purchase shares through electronic exchanges over the Internet using their chosen broker due to our company not being DTC eligible. We took immediate and aggressive steps to correct this," said Eleazar Rivera, President & Chief Executive Officer of Alpha Network Alliance Ventures Inc. "As a result, we are pleased to announce that the stock's trading eligibility with the DTC is now in full effect. This recent approval for DTC eligibility will enhance the ease with which shares in Alpha Network Alliance Ventures can be exchanged."
About Alpha Network Alliance Ventures, Inc. (OTCQB: ANAV):
ANAV is an online development of a social networking community website for overseas contract workers. The company combined the power of e-marketing, social marketing and network marketing into very powerful marketing concepts that pays revenue model to every individual e-social network marketing affiliate thru ANAV International Marketing Inc., a wholly owned subsidiary of Alpha Network Alliance Ventures Inc. Alpha Network Alliance Ventures is headquartered in Riverside, California.
Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to Alpha Network Alliance Ventures or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in Alpha Network Alliance Ventures filings with the Securities and Exchange Commission. In addition, such statements could be affected by risks and uncertainties related to product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on Alpha Network Alliance Ventures website does not constitute a part of this release.
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