New Guinea Energy Ltd. Joins OTCQX

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Dec 15, 2010, 07:00 ET

NEW YORK, Dec. 15, 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 New Guinea Energy Ltd. (ASX: NGE; OTCQX: NGELY), a company focused on oil and gas Exploration in Papua New Guinea, is now trading on the OTC market's highest tier, OTCQX®.

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"The superior information and visibility of the OTCQX marketplace allows companies to efficiently build investor confidence and expand their shareholder base," said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "We are pleased to welcome New Guinea Energy to OTCQX."

New Guinea Energy 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.

Madison Williams and Company will serve as New Guinea Energy's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.

About New Guinea Energy Ltd.

New Guinea Energy Ltd. (ASX: NGE; OTCQX: NGELY) trades in the United States on OTCQX under the symbol "NGELY". New Guinea Energy Ltd. is focused on oil and gas exploration in Papua New Guinea.

About OTCQX

OTCQX 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].

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SOURCE Pink OTC Markets Inc.