Colonial Stock Transfer Company is an approved DTC FAST/DRS ("Fast Automated Securities Transfer/Direct Registration System") agent participant. Through the FAST/DRS program, shareholders are able to hold their shares in book-entry electronic form with the transfer agent and their broker, eliminating the following: lost certificates, lengthy broker physical certificate deposits and associated processing fees, printing of certificates, and courier fees. Shareholders who prefer to be issued physical certificates, if desired, can later convert their shares into book-entry electronic form through DWAC and DRS.

How does it work? Two ways.

1. Shareholders can deposit their shares directly into the DRS system held by DTC.
   Learn more about DRS
2. Shareholders may send in their physical certificate to be converted into book-entry and sent to a broker via DWAC (Deposit/Withdrawal At Custodian).
   Learn more about DWAC
   

DTC FAST/DRS Applications

Each issuer must be approved and accepted by DTC to become a DTC FAST/DRS eligible issuer. Because DTC is strictly regulated by the SEC, US Treasury and Federal Reserve, it must comply with multiple regulations in approving issuers. With this obligation, DTC has the right to not provide explanation of why an issuer is rejected. Here are some things that issuers can do to prepare for acceptance:

1. If rejected, when you apply again be sure that it is 2-3 months after the rejection.
   
   
2. Be fully reporting without missing or being late on any reports.
   
   
3. Have few to no corporate actions (stock splits and name changes) and officer changes within the last 3-5 years.
   
   
4. Be sure the company and officers are not involved in lawsuits or other fraudulent activities, such as pump and dump schemes.
   
   
5. Avoid Reg 504D issuances or other unregistered resales.
   
   
6. Clean up any Pink Sheet "Halt" or "Yield" statuses.
   
   
7. Grow your company. The company may be too small or the financials are not large enough.

Please note that this should not be used as "counsel" or "guidance". Please consult your legal counsel for questions.

If you are unsure if your company is DTC FAST/DRS eligible or you would like to apply, please contact us.