NEW YORK, Sept. 21, 2021 /PRNewswire/ -- OTC Markets Group
Inc. (OTCQX: OTCM), operator of financial markets for 11,000
U.S. and global securities, today announced Exco Technologies Ltd.
(TSX: XTC; OTCQX: EXCOF), designer, developer and manufacturer of
dies, moulds, equipment, components and assemblies to the die-cast,
extrusion and automotive industries, has qualified to trade on the
OTCQX® Best Market. Exco Technologies Ltd. upgraded to
OTCQX from the Pink® market.
Exco Technologies Ltd. begins trading today on OTCQX under the
symbol "EXCOF." U.S. investors can find current financial
disclosure and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies
seeking to provide transparent trading for their U.S.
investors. For companies listed on a qualified international
exchange, streamlined market standards enable them to utilize their
home market reporting to make their information available in the
U.S. To qualify for OTCQX, companies must meet high financial
standards, follow best practice corporate governance and
demonstrate compliance with applicable securities laws.
"Enabling our Shares to cross-trade in the U.S. market is part
of our strategy to expand our international shareholder base of
both institutional and retail investors", said Darren Kirk, President and CEO of Exco. "It will
also increase trading liquidity while providing a USD quote in our
Shares", added Kirk. "We are seeing heightened interest from U.S.
and international investors in Exco as we execute on our strong
growth initiatives to capture robust demand, driven primarily by
vehicle lightweighting and the electrification of the vehicle
fleet. Exco recently announced it is targeting a greater than 50%
increase in revenue and net income over the next five years, which,
if achieved, would produce approximately C$1.90 in earnings per share by fiscal 2026."
Securities Law USA, PLLC acted
as the company's OTCQX sponsor.
About Exco Technologies Ltd.
Exco Technologies
Ltd. is a global supplier of innovative technologies servicing the
die-cast, extrusion and automotive industries. Through 16 strategic
locations in 7 countries, Exco employs approximately 4,800 people
and services a diverse and broad customer base.
About OTC Markets Group Inc.
OTC Markets Group
Inc. (OTCQX: OTCM) operates the OTCQX® Best
Market, the OTCQB® Venture Market and the Pink® Open
Market for 11,000 U.S. and global securities. Through OTC
Link® ATS and OTC Link ECN, we connect a diverse
network of broker-dealers that provide liquidity and execution
services. We enable investors to easily trade through the
broker of their choice and empower companies to improve the quality
of information available for investors.
To learn more about how we create better informed and more
efficient markets, visit www.otcmarkets.com.
OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated
by OTC Link LLC, member FINRA/SIPC.
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Media Contact:
OTC Markets Group Inc., +1 (212)
896-4428, media@otcmarkets.com
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SOURCE OTC Markets Group Inc.