XFit Brands Begins Trading, Uplists to OTCQB
LAKE FOREST, Calif., Nov. 12, 2015 /PRNewswire/ -- XFit Brands, Inc. (OTC: XFTB), a global supplier of fitness and MMA equipment sold at retail and fitness outlets worldwide whose brands include XFit Brands®, Throwdown®, and Transformations™, today announced that the Company's common stock is now publicly listed with trading effective immediately.
Concurrent with the commencement of public trading, as the company is a fully reporting and compliant entity meeting all the requirements, the Company's stock has been uplisted to the OTCQB exchange, a more transparent and efficient marketplace. The Company will begin trading immediately under the symbol XFTB.
"This is a major milestone event for XFit Brands," commented Dave Vautrin, Chief Executive Officer of XFit Brands. "Being publicly traded will expand our brand awareness, enable our loyal customers to participate as an equity owner and enable the firm to access the capital markets to continue its rapid growth that has exceeded 40% compounded annually over the past three years. Transitioning to the higher tier OTCQB will provide increased transparency and greater liquidity as we endeavor to become one of the leading firms in this exciting industry."
Stocks that trade on the OTCQB marketplace can be bought and sold through an investment broker in a manner very similar to that of NYSE or Nasdaq listed securities. OTCQB listed companies must be registered with and reporting to the Securities Exchange Commission. XFit Brands® is fully reporting and compliant with those stringent standards. http://www.prnewswire.com/news-releases/xfit-brands-begins-trading-uplists-to-otcqb-300177396.html