SEAL BEACH, Calif., May 11, 2012 /PRNewswire/ -- Greg Vacca, President of SaveDaily, Inc. (OTCBB: SAVY), the leading provider of low cost mutual fund investing platforms used by financial institutions, announced today that the Depository Trust Company (DTC), has removed the limited "chill" status from SaveDaily's stock imposed in late October 2011 and is now allowing SaveDaily, Inc. stock to resume being deposited with the DTC to enable normal electronic trading of the shares, effective May 3,2012. "We are gratified," said Greg Vacca "once again to have our share certificates eligible for deposit with DTC." "DTC's ending of the limited chill status," added Mr. Vacca, "enables all brokerage firms to execute trades with our stock in the normal manner, permitting thereby a broader distribution of our stock along all segments of the investment community." "We anticipate," noted Jeff Mahony, CEO of SaveDaily, Inc., "that this action by DTC will now make our shares more attractive for current and potential investors because now it will be easier to work with brokerages who are willing and able to buy and sell shares of SaveDaily, Inc." Shareholders of SaveDaily, Inc. need not do anything with their shares held in accounts by their brokerages as a result of this action, unless requested by their broker. Brokerage firms and other participants in DTC should consult with DTC's Security Master File or refer further inquiries to DTC for matters that may arise regarding further securities deposits.

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Credit unions, banks and other financial service providers adopting the SaveDaily platform can offer mutual fund investing to their customers at extremely low cost under their own brand. For one low flat monthly charge, investors in these mutual funds can have unlimited positions and unlimited transactions without transaction fees. Eliminating the need for high initial amounts to open an account or requiring ongoing contributions, this unprecedented model provides greater opportunities for average savers to plan and execute their savings goals by allowing them to invest conceivably as little as a penny when and how they want.

About SaveDaily
SaveDaily offers investments and record-keeping services to its intermediary partners, as well as directly to clients through a variety of white-labeled interfaces. SaveDaily owns its proprietary financial services platform which has been in production for about three years, helping financial intermediaries succeed in bringing suitable and affordable investment services to everyday savers and investors. SaveDaily, through its financial services partners, has the capability of making virtually all mutual funds available to its clients. SaveDaily conducts its business through its wholly owned subsidiary, SaveDaily.com, Inc., which is headquartered in Seal Beach, California and is a Registered Investment Advisor with the Securities and Exchange Commission. For more information, visit [ www.savedaily.com ].

Forward Looking Statements
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding pending litigation and the timing and outcome of those proceedings. Such forward-looking statements are based on expectations, estimates and projections about the markets in which the Company operates, management's beliefs, and certain assumptions made by management and involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements, including but not limited to (1) the outcome of any legal proceedings that have been or may be initiated by the Company or that may be initiated against the Company; (2) the ability of the Company to continue deploying on its low cost platform and to achieve widespread customer adoption of the Company's product and service offerings; and (3) the possibility that Company may be adversely affected by other economic, business, and/or competitive factors. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission, including those under the heading "Risk Factors" in Company's Current Report on Form 8-K filed with the SEC on August 30, 2011, in the Company's Quarterly Report on Form 10-Q filed with the SEC on November 14, 2011, in the Company's Annual Report on Form 10-K filed with the SEC on April 16, 2012 and in Current Report on Form 8-K filed with the SEC on April 26, 2012. Many of the factors that determine the outcome of the subject matter of this press release are beyond the Company's ability to control or predict. Except as required by law, the Company is under no duty to update any of the forward-looking statements after the date of this press release to conform to actual results.

Company Contact:
Greg Vacca
SaveDaily Inc.
562.795.7500 ext 1020
[ greg.vacca@savedaily.com ]

Media Contact:
Krush Creative Group
Katherine Hills
949.753.9069
949.697.9715 (mobile)
[ kathy@krushcreative.com ]

SOURCE SaveDaily

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SaveDaily Inc. Common Stock Resumes Full DTC Eligibility

SaveDaily Inc. Common Stock Resumes Full DTC Eligibility

Limited Chill Lifted