China Industrial Steel Inc announced that the Company common stock has been granted eligibility status by the Depository Trust Company.

The Depository Trust Company is a member of the US Federal Reserve System and a registered clearing agency with the Securities and Exchange Commission. It was established to provide a safe and efficient way for buyers and sellers of securities to execute and settle transactions.

Essentially, DTC provides for the centralized custody of securities so that they exist only as electronic files rather than as physical certificates. This process provides banks, brokerage firms and other institutions with an efficient means of moving securities and settling trades electronically.

Mr Liu Shenghong CEO and Chairman of the Company stated that "Becoming DTC eligible is a major milestone for the Company and an important step in increasing our exposure in the investment community. Securities that are not DTC eligible are often not accepted for trading at many institutions due to the amount of paperwork and manpower required to place and execute trades, thus making it very difficult for a stock to be traded on a daily basis."

Mr Liu continued "We have established an aggressive growth strategy for China Industrial Steel, including the addition of new products and expanded channels of distribution. Being a publicly traded company in the US marketplace will provide China Industrial Steel with greater access to the capital we seek to implement the continued expansion of our operation."

Source - China Industrial Steel Inc

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