NEW YORK, Nov. 22, 2010 /PRNewswire/ -- Pink OTC Markets Inc. (OTCQX: PINK), the financial information and technology services company that operates the leading electronic quotation and trading system in the U.S. OTC securities market, today announced that Mooter Media Ltd. (ASX: MMZ; OTCQX: MOTMY), an Australian online marketing and social photography developer with offices in Sydney, Singapore and San Francisco, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX®.
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"OTCQX provides the highest level of visibility and access to U.S. investors possible in the OTC market," said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "We are pleased to welcome Mooter Media to OTCQX."
Mooter Media Ltd. began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcqx.com and www.otcmarkets.com.
Peter Jermyn, Chairman of Mooter Media remarked, "I am delighted that Mooter is today taking the next step in its bold and ambitious plans for expansion in the United States. Mooter holds a deep affinity and connection to the US, both through its pioneering social photography platform and its San Francisco technical and development headquarters. As the world's only listed specialized social gaming company, we are absolutely excited to be trading on OTCQX International to provide a liquid, active and attractive marketplace on which to offer our unique value proposition and unrivaled growth potential to investors across the United States."
Merriman Capital, Inc. will serve as Mooter Media's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
About Mooter Media Ltd.
Mooter Media (ASX:MMZ, OTCQX:MOTMY) is a developer and provider of digital media solutions and trades in the United States on OTCQX at a 1:200 ratio to its shares listed on the Australian Securities Exchange. The Company offers unique solutions in online marketing, including the adVantage contextual advertising platform. It is also a global innovator in revolutionary social photography concepts, allowing users to have fun with their memories. Mooter is a joint venture partner with Hot Shot Media Group, the developer of a novel photo-focused networking, social gaming and contest platform; and Woophy, a geo-targeted online photo community. It is listed on the Australian Securities Exchange and OTCQX International, and has offices in Sydney, Singapore, Hong Kong and San Francisco. For more information on Mooter Media, please view: http://www.youtube.com/user/mootermedia.
About OTCQX
The OTCQX marketplace is the premier tier of the U.S. OTC market. Investor-focused companies use the quality-controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. stock exchange. For more information and to view a full list of OTCQX companies, visit www.otcqx.com.
About Pink OTC Markets Inc.
Pink OTC Markets Inc. (OTCQX: PINK) operates the leading electronic interdealer quotation and trading system for over 9,000 securities not listed on a U.S. stock exchange. Pink OTC Markets segments these securities into three tiers: the quality-controlled OTCQX marketplace, the U.S. registered and reporting OTCQB marketplace, and the speculative trading Pink Sheets marketplace. These three tiers constitute the third largest U.S. liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc. and The New York Stock Exchange. Our products and services promote market transparency, improve price discovery, facilitate regulatory compliance, and increase the quality of issuer disclosure, to the benefit of all OTC market participants. To learn more about how Pink OTC Markets' products and services make OTC markets more transparent, informed, and efficient, please visit our websites at www.otcmarkets.com, www.pinkotc.com and www.otcqx.com or contact us at [email protected].
SOURCE Pink OTC Markets Inc.
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