Mass Megawatts Wind Power Inc (MMMW)

[DeDe3]

Bit of news: http://www.otcmarkets.com/stock/OTCM/news/OTC-Markets-Group-Welcomes-Mass-Megawatts-Wind-Power-to-OTCQB?id=86917&b=y


OTC Markets Group Welcomes Mass Megawatts Wind Power to OTCQB

Aug 29, 2014
OTC Disclosure & News Service

New York, NY -

OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Mass Megawatts Wind Power, Inc. (OTCQB: MMMW) is verified for trading on OTCQB®, the venture marketplace for entrepreneurial and development stage companies, as of August 29, 2014.

Mass Megawatts Wind Power is a leader in the development of a revolutionary wind power technology, bringing a product to the renewable energy marketplace capable of producing electricity at a cost 30% lower than other wind power equipment. Designed on a paradigm that “lower height, lower wind speeds and lower costs equal higher profits,” this technology puts MAT electricity generation on a competitive footing with fossil fuels, such as coal and natural gas.

U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

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® 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®, The Best Marketplace; OTCQB®, The Venture Marketplace; and OTC Pink®, 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, visit www.otcmarkets.com.

OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.

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Media Contact:

Saskia Sidenfaden, OTC Markets Group Inc., [phone], [e-mail]

Copyright © 2014 OTC Markets. All Rights Reserved



From Stonewall:
Here's From Wikipedia: It's the OTCQB designation definition:
Effective May 1, 2014, OTCQB will be implementing a one penny ($0.01) bid price requirement which is "intended to remove companies that are most likely to be the subject of dilutive stock fraud schemes and promotions." Each company verify via an annual OTCQB Certification, signed by the company CEO or CFO, that their company information is current. This will include information about a company’s reporting status, company profile, information on management and boards, major shareholders, law firms, transfer agents, and IR / PR firms. Investor confidence improves when there is more information about a company’s ownership structure, professional advisors and service providers. This certification will be required for any security newly qualified to be publicly quoted by a broker-dealer under SEC Rule 15c2-11, or when an OTC Pink traded company becomes a current SEC reporting company, beginning May 1, 2014. For companies already traded on OTCQB, there will be an annual management certification requirement throughout 2014 and 2015 based on a company’s Fiscal Year End ("FYE"). The first set of certifications will be due by July 31, 2014 for companies that have a FYE of March 31, 2014. Also beginning May 1, 2014, International Reporting companies may upgrade from OTC Pink to OTCQB if they publish their 12g3-2(b) compliant disclosure on our website and verify their company profile. There will be an annual fee for the OTCQB marketplace of $10,000 per year and a one-time $2,500 application fee. These fees are discounted for current OTCQB companies that apply in 2014 to $7,500 per year for the first two years, and the application fee will be waived. Companies that are not currently OTCQB companies will be required to pay the standard annual fee and application fee.