Computershare launches QuickCert on-demand stock certificates
26 February 2004 | 751 views | 0
Computershare Ltd. (Australia: CPU), the world's largest and only true global transfer agent, today introduced a unique alternative to the traditional engraved stock certificates - QuickCert on-demand stock certificates.
QuickCert on-demand stock certificates combine high technology security features - such as fluorescent fibers and high-resolution borders - with the efficiencies of on-demand printing. They are secure like traditional bank note certificates but produced at a fraction of the cost.
"With the industry's move towards dematerialization and the T+1 environment, QuickCerts will enable companies to have their certificates produced more quickly and cost-effectively," said Steve Rothbloom, CEO of Computershare North America. "QuickCerts are a testament to Computershare's leadership in product development and innovation. Our original generic certificate incorporated many security features similar to those of US currency. We were first to approach the NYSE and secure their approval for the use of generic certificates and we were also first to offer this service to the market."
Computershare's latest advancement - QuickCert - utilizes advanced digital printing processes to create certificates that are more secure, customizable and an economical alternative to the engraved certificates. Companies, especially those considering an IPO, will find the new solution to be of great value.
Because QuickCert on-demand stock certificates are produced as needed, companies only pay for what they need, when they need it. This eliminates the costs and hassles of printing, storing and managing inventories of custom certificate forms.
Following changes in officers' signatures or par value, a company can immediately begin issuing new certificates, rather than undergo the expense of "over-silvering" existing stock. In addition, unlike traditional stock certificates, QuickCert on-demand stock certificates are a standard letter-size format so they can be easily handled by automated processing and mailing equipment and can fit in a standard-size envelope.
QuickCert on-demand stock certificates brings companies the process and cost efficiencies they need in today's marketplace and are an important step toward meeting the SEC's future requirements. QuickCert on-demand stock certificates are available to all issuing companies, including those listed on the NYSE.