Critical Outcome Technologies to Commence Trading in U.S. on OTCQB Under Symbol COTQF
16 June 2014 - 11:00PM
Marketwired Canada
Critical Outcome Technologies Inc. ("COTI" or the "Company") (TSX
VENTURE:COT)(OTCQB:COTQF), the bioinformatics and accelerated drug discovery
company, announced that its common shares will commence trading today in the
United States on the OTCQB venture stage marketplace under the symbol "COTQF."
"Trading on OTCQB affirms our commitment to enhance the value of our Company by
improving our visibility and exposure in the United States," said Dr. Wayne
Danter, COTI's President & CEO. "We believe that trading on OTCQB is in the best
interest of our shareholders by creating an opportunity for U.S. based investors
to obtain information about the Company and invest through a trading platform
familiar to them. While we continue to appreciate the loyalty and support of our
Canadian investor base, we feel that the Company has reached an important
inflection point in its growth that requires us to open ourselves up to the
larger, and more life science-focused, U.S. market. This improved access is
expected to foster increased interest in the Company and improve liquidity for
all investors."
OTCQB offers investors transparent trading in early-stage and developing U.S.
and international companies. To be eligible, companies must meet a minimum $0.01
bid test, be current in their reporting and undergo an annual verification and
management certification process. International companies must also be listed on
a qualified foreign stock exchange and receive a Letter of Introduction from a
Principal American Liaison ("PAL"), which must be a qualified third-party
investment bank, securities law firm or depositary bank.
U.S. investors can find current financial disclosures and Real-Time Level 2
quotes for COTI on www.otcmarkets.com.
About Critical Outcome Technologies Inc.
COTI is a leading-edge bioinformatics company specializing in accelerating the
discovery and development of small molecules - dramatically reducing the time
and cost to bring new drugs to market. COTI's proprietary artificial
intelligence system, CHEMSAS(R), utilizes a series of predictive computer models
to identify compounds with a high probability of being successfully developed
from disease specific drug discovery through chemical optimization and
preclinical testing. These compounds are targeted for a variety of diseases,
particularly those for which current treatments are either lacking or
ineffective.
For more information, visit www.criticaloutcome.com.
Follow @CriticalOutcome on Twitter at http://twitter.com/CriticalOutcome.
Notice to Readers
Information contained in this press release may contain certain statements,
which constitute "forward- looking statements" within the meaning of the
Securities Act (Ontario) and applicable securities laws. For example, the
statement "... This improved access is expected to foster increased interest in
the Company and improve liquidity for all investors." is a forward-looking
statement. Forward-looking statements by their nature are not guarantees of
future performance and are based upon management's current expectations,
estimates, projections and assumptions. COTI operates in a highly competitive
environment that involves significant risks and uncertainties, which could cause
actual results to differ materially from those anticipated in these
forward-looking statements. Management of COTI considers the assumptions on
which these forward-looking statements are based to be reasonable, but as a
result of the many risk factors, cautions the reader that actual results could
differ materially from those expressed or implied in these forward-looking
statements. Information in this press release should be considered accurate only
as of the date of the release and may be superseded by more recent information
disclosed in later press releases, filings with the securities regulatory
authorities or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Critical Outcome Technologies Inc.
Dr. Wayne Danter
President & CEO
519-858-5157
wdanter@criticaloutcome.com
www.criticaloutcome.com
Heisler Communications
Trevor Heisler
Investor Relations
416-500-8061
trevor@heislercommunications.com
U.S. Contact:
Robert Giordano
212-257-5495
Mobile: 917-327-3938
rgiordano@jstreichercapital.com
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