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Wednesday, 16 September 2009 09:00 |
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Pink OTC Markets’ Common Stock Quoted on Pink Sheets Current Information Tier NEW YORK - September 16, 2009 - 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. 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 QuoteSM 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 www.pinkotc.com or contact us at
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. About OTCQXThe 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 www.otcqx.com.
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