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3PEA International, Inc. Files Application for NASDAQ Capital Market Listing

8:31 am ET June 7, 2018 (BusinessWire) Print


3PEA International, Inc. (OTCQB:TPNL), a vertically integrated provider of innovative prepaid card programs and processing services for corporate, consumer and government applications, has announced that the Company has filed an application to list its common shares on the Nasdaq Capital Market.

"We believe that elevating the listing of our common stock to the Nasdaq Capital Market is an important step forward in our mission to maximize shareholder value," said Mark Newcomer, Chief Executive Officer, 3PEA International. "We are confident that once our application is accepted, trading on Nasdaq will offer investors increased visibility and improved liquidity."

"Uplisting will help capture institutional investors attracted to our growth proposition and provide for greater access to capital," commented Dan Henry, Chairman, 3PEA International. "The filing of this application is further evidence of 3PEA executing on its long-term growth initiatives."

The Nasdaq listing application is subject to review and approval by Nasdaq's Listing Qualifications Department to ensure compliance with all Nasdaq Capital Market standards. While the Company intends to satisfy all of Nasdaq's requirements for initial listing, no assurance can be given that its application will be approved.