NEW YORK, Feb. 19, 2012 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of Open, Transparent and
Connected financial marketplaces, today announced that Kinbasha
Gaming International, Inc. (OTCQX: KNBA), an owner and operator of
retail gaming centers in Japan,
has chosen to trade on OTCQX(R), the qualified OTC marketplace with
the highest financial standards and third-party sponsorship.
Kinbasha is the first SEC-reporting company with a majority of its
operations in Japan to join
OTCQX.
(Logo:
http://photos.prnewswire.com/prnh/20110118/MM31963LOGO )
Kinbasha will begin trading today on OTCQX U.S., a segment of
the OTCQX marketplace reserved for high-quality U.S. companies that
meet financial standards and provide timely news and disclosure to
investors. Investors can find current financial disclosure
and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
"We are pleased to have Kinbasha join our OTCQX marketplace,"
said R. Cromwell Coulson, President
and CEO of OTC Markets Group. "Companies trading on OTCQX
demonstrate their commitment to providing superior information to
investors and maintaining the highest quality standards."
"Kinbasha is proud to join OTCQX," Masatoshi Takahama, CEO of Kinbasha Gaming
International. "The OTCQX marketplace enables us to provide
our investors transparent trading and easy access to information to
better understand and value our securities. We view this as a
crucial step in our mission to drive awareness for our company in
the U.S. capital markets and provide long-term value to our
shareholders."
Brean Capital, LLC will serve as Kinbasha's Designated Advisor
for Disclosure ("DAD") on OTCQX, responsible for providing
professional guidance on OTCQX requirements.
Based in Hitachi City, Japan,
Kinbasha is a retail gaming company that operates 21 pachinko
parlors in the Japanese prefectures of Ibaraki, Tokyo and Chiba. For more than 50 years,
the company's retail gaming establishments have offered customers
the opportunity to play the games of chance known as pachinko and
pachislo. Pachinko is played on a device which resembles a
vertical pinball machine and pachislo is played on a machine that
resembles a western style slot machine. Pachinko and pachislo are
collectively ranked as Japan's
largest leisure activity.
Kinbasha now trades in the U.S. on OTCQX under the symbol
"KNBA."
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and
Connected financial marketplaces for 10,000 U.S. and global
securities. Through our OTC Link(R) ATS, we directly link a diverse
network of broker-dealers that provide liquidity and execution
services for a wide spectrum of securities. We organize these
securities into marketplaces to better inform investors of
opportunities and risks – OTCQX(R) - The Intelligent Marketplace
for the Best OTC Companies; OTCQB(R) - The Venture Marketplace; and
OTC Pink(R) - The Open Marketplace. Our data-driven platform
enables investors to easily trade through the broker of their
choice at the best possible price and empowers a broad range of
companies to improve the quality and availability of information
for their investors. To learn more about how we create better
informed and more efficient financial marketplaces,
visitwww.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC registered ATS.
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SOURCE OTC Markets Group Inc.