Major League Football, Inc. Shares Begin Trading on OTC Markets® 'QB'
MLFB Management and Board Approve Upgrade to OTC Markets® QB to Facilitate MLFB Share Ownership and Following
LAKEWOOD RANCH, FL - September 16, 2015 – MARKETWIRE- Major League Football, Inc. (OTCQB: MLFB) ("MLFB" or the "Company"), a new, professional spring-football league scheduled to kick off in 2016, today announced the Company's shares have completed its application process and upgrade to OTC Market's 'QB' designation. MLFB shares will begin trading on OTC Market’s QB today, September 16, 2015.
Our ever-improving liquidity required that we consider upgrading our listing to a higher tier on OTC Markets platform. We expect this will facilitate greater ease in acquiring our shares and development of an increased following of shareholders and brokers who prefer the QB's listing standards,” began Michael Queen, EVP of Major League Football, Inc. "Among the Management Team and our Board, this decision was simple and a step in the process of future exchange upgrades on OTC Markets or other exchanges we plan to achieve in the near term. OTC Market's QB maintains a set of criteria ranging from stock price to increased disclosure practices which we have met and will continue to uphold for our current and prospective shareholders. We also understand our newly achieved QB designation will facilitate increased presentation of our shares as an investment option and its ease in acquiring our shares through retail platforms and brokerage accounts."
About OTC Market's QB Designation
The OTCQB® Venture Marketplace is for entrepreneurial and development stage U.S. and international companies. To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process. These standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors. Companies must meet a minimum $0.01 bid price test and may not be in bankruptcy. OTCQB criteria include:
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Companies are current in their reporting to a U.S. regulator or are listed on a qualified international stock exchange
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Minimum bid price test of $0.01 removes companies that are most likely to be the subject of dilutive stock fraud schemes and promotion
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Improved investor confidence through verified information, confirming that the Company Profile displayed on www.otcmarkets.com is current and complete
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Annual management certification process to verify officers, directors, controlling shareholders, and shares outstanding
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Greater information availability for investors through the OTC Disclosure & News Service
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Transparent prices for investors through full-depth of book with Real Time Level 2 quotes
