NEW YORK, March 11 /PRNewswire-FirstCall/ -- Pink OTC Markets Inc. (OTCQX: PINK), a financial information and technology services company that operates the leading electronic quotation and trading system in the U.S. OTC securities market, announced today that it has listed its shares of Class A common stock on OTCQX U.S. Premier™ the highest tier of the OTC market. Previously, the Company's shares were traded in the Pink Sheets® Current Information tier.
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OTCQX® distinguishes the best OTC-traded companies from more than 9,000 other securities traded on the OTCBB and Pink Sheets that are not required to meet any financial standards or undergo a qualitative review.
"We are upgrading Pink OTC Markets to OTCQX to offer our investors the highest level of transparency and marketplace efficiency available in the OTC market," said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "We are pleased to demonstrate that we hold our Company to the same high investor-focused standards as the other distinguished OTCQX companies trading in this top tier of the OTC market."
Pink OTC Markets follows the Alternative Reporting Standard, designed for smaller public companies that are not required to file with the SEC. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcqx.com and www.otcmarkets.com. More information about the Alternative Reporting Standard is available on Pink OTC Markets' website at: http://www.otcmarkets.com/pink/otcguide/alternative_reporting_standard.jsp.
Merriman Curhan Ford & Co. will serve as Pink OTC Markets' Investment Bank Designated Advisor for Disclosure ("DAD") on OTCQX, responsible for providing guidance on listing requirements.
"We continue to be big believers in the value OTCQX offers OTC companies looking to differentiate themselves in the U.S. capital markets," said Jon Merriman, Merriman Curhan Ford co-founder. "We are very excited to serve as Pink OTC Markets' Investment Bank DAD."
About Pink OTC Markets Inc.
Pink OTC Markets Inc. (OTCQX: PINK) is a financial information and technology services company that operates the leading electronic quotation and trading system in the OTC securities market. The OTCQX and Pink Sheets marketplaces constitute, by dollar volume, 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 technology platform provides a comprehensive suite of information products and trading services for OTC market participants. 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].
About OTCQX
The OTCQX Marketplace is the premier tier of the U.S. OTC market. Investor-focused companies use the quality controlled OTCQX listing 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-listed companies, visit www.otcqx.com.
SOURCE Pink OTC Markets Inc.
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