PALM BEACH GARDENS, FL--(Marketwired - March 06, 2014) - The Radiant Creations Group, Inc. ("Radiant") (RCGP), developer of unique, proprietary scientific technologies for cosmetic and over-the-counter personal enhancement products and devices, is pleased to announce the Company is approved for The Depository Trust Company's (DTC) Deposit and Withdrawal at Custodian (DWAC) service.
DWAC allows participants to instruct DTC regarding deposit and withdrawal transactions being made directly via a FAST transfer agent. The FAST system eliminates the movement of physical securities certificates for transfers of securities registered in the name of DTC's nominee, Cede & Co, on the transfer agent's books. DTC and its FAST transfer agent reconcile the results of participant's deposit and withdrawal activities electronically on a daily basis.
Benefits of the service include leveraging the book-entry capabilities established between DTC and Radiant's FAST transfer agent, Action Stock Transfer Corporation of Salt Lake City, UT, delivering efficiencies, risk mitigation and cost savings to participants.
Gary D. Alexander, CFO of Radiant, stated, "The Company releases this information to the public to enhance and define the quality and stability of the Radiant Creations Group internal operating and reporting structure. We are most pleased to provide the DWAC service to our valued investors."
About The Radiant Creations Group, Inc. (RCGP)
Radiant Creations has achieved exciting breakthroughs creating remarkable products in skin protection and hydration, anti-aging, liver health and weight balance by combining DNA technologies developed in the Western World and naturally acting traditional Chinese medicine ingredients believed never before used in western culture by any bioscience company.
Among these exciting discoveries is a new and superior mechanism of defense against skin deterioration and damage caused by sun exposure to ultraviolet (UV) light using the nucleotides, four "code molecules" extracted from DNA. This revolutionary mechanism also has great significance and value in many other cosmetic and non-cosmetic applications requiring UV protection, and is among Radiant Creation's licensed patented intellectual property. The technology will be implemented across numerous innovative product lines.
Cautionary Statement Concerning Forward-Looking Statements:
This press release contains forward-looking statements that can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods.
Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. We caution you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.