Pink OTC Markets' Common Stock Quoted on Pink Sheets Current Information Tier
16 September 2009 - 11:00PM
PR Newswire (US)
NEW YORK, Sept. 16 /PRNewswire-FirstCall/ -- Pink OTC Markets Inc.
(Pink Sheets: PINK) announced today that its Class A Common Stock
is now quoted in the U.S. over-the-counter markets, on the Pink
Sheets Current Information tier, under the ticker symbol PINK. Pink
OTC Markets is providing full transparency to investors and
broker-dealers by following the Alternative Reporting Standard,
with audited financial disclosure publicly available at
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=pink&tabValue=4.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090708/NY43125LOGO )
As a result of having its securities available for trading on the
OTC market, Pink OTC Markets is able to offer its shareholders ease
of trading through regulated broker-dealers, while providing
transparency to its investors, business partners, and customers.
"By making our information publicly available, Pink OTC Markets
will foster an efficient secondary trading market and provide
greater understanding of our business model for investors,
advisors, and regulators in the OTC market," said R. Cromwell
Coulson, President and Chief Executive Officer of Pink OTC Markets.
"We hope that our meeting the Alternative Reporting Standard
guidelines will allow us to better understand the needs of our
customers, as well as to demonstrate to the markets that emerging
growth companies, with less than 500 holders of record, can benefit
from providing high quality disclosure to investors via our
platform." Pink OTC Markets is making adequate current information
publicly available under the guidelines of the Alternative
Reporting Standard. This provides the information needed by both
broker-dealers to make markets in and investors to trade its Class
A Common Stock, as well as meeting the disclosure requirements of
federal securities laws, Exchange Act Rules 10b-5 and 15c2-11 and
Securities Act Rule 144. Pink OTC Markets has non-affiliated
investors that have held shares of Class A Common Stock for more
than a year which are freely tradable under Securities Act Rule
144. Although not required to file reports with the SEC, Pink OTC
Markets is committed to providing quality, transparent financial
disclosure to investors. Pink OTC Markets intends to list its Class
A Common Stock on OTCQX - the most visible and highest tier of the
OTC market - after 90 days of quotation in the Pink Sheets Current
Information tier. OTCQX is for shareholder-friendly companies that
meet qualitative standards and are focused on providing trading
transparency and superior information to the OTC marketplace. About
Pink OTC Markets Inc. Pink OTC Markets is a financial information
and technology services company that operates the leading
electronic quotation and trading system in the over-the-counter, or
OTC, securities market. The term "OTC securities" is a catchall
phrase for any equity security that is not listed on a U.S. stock
exchange. The OTCQX and Pink Sheets marketplaces that we operate
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, facilitate regulatory compliance, and
increase the quality of issuer disclosure, for the benefit of all
OTC market participants. Through our Pink Quote(SM) inter-dealer
quotation system and Pink Link inter-dealer trade messaging system,
we offer broker-dealers an independent, electronic platform to
display their real-time, firm "bid" and "ask" quotes and
communicate OTC trade information with each other. These systems
generate a substantial amount of OTC market data, which we license
to OTC market participants. We also provide disclosure and
information solutions for OTC traded companies that facilitate
communication with investors and compliance with securities laws.
Pink OTC Markets is headquartered in New York City. To learn more
about how Pink OTC Markets' products and services make OTC markets
more transparent, informed, and efficient, please visit
http://www.pinkotc.com/ or contact us at . About OTCQX The OTCQX
marketplace is the premier tier of the U.S. over-the-counter
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. exchange. For more about OTCQX, please
visit http://www.otcqx.com/.
http://www.newscom.com/cgi-bin/prnh/20090708/NY43125LOGODATASOURCE:
Pink OTC Markets Inc. CONTACT: Matt Sheldon of CCG Investor
Relations, +1-310-954-1346, , for Pink OTC Markets Inc. Web Site:
http://www.pinkotc.com/
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