I was hoping management would do this !! the fact that they
had mentioned they were planning on entering the USA Market made a listing there a MUST! More eyes makes for more investors
"/ Kontrol Energy Corp. (CSE: KNR, FSE: 1K8), ("Kontrol" or the "Company") a leader in energy efficiency technology and solutions industry, is pleased to announce that it has submitted an application to have its common shares trading on theOTCQB Venture Market (the "OTCQB"). The listing of the Company's common shares on the OTCQB remains subject to the approval of the OTCQB and the satisfaction of applicable listing requirements.
The Company believes that being listed on the OTCQB will expand the Company's presence in the U.S. and provide current and future U.S.-based shareholders with greater access to and ease of trading in Kontrol's common shares. The Company will continue to trade on the Canadian Securities Exchange under its existing symbol "KNR" and in Frankfurt under its existing symbol "1K8".
"Admission to the OTCQB is part of our strategic growth and our focus on introducing the Company to a broader range of institutional and retail investors in the U.S.," stated Paul Ghezzi, CEO Kontrol Energy. "Currently we have an office in New York City and approximately 20% of the Company's consolidated revenues are generated in the US. With the company now on a $16 Million revenue run rate, it is an opportune time to provide U.S. investors with a platform to more easily invest in Kontrol's common shares."
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, the company connects a diverse network of broker-dealers that provide liquidity and execution services. It enables investors to easily trade through the broker of their choice and empowers companies to improve the quality of information available for investors.
The OTCQB Venture Market offers early stage and developing international companies the benefits of being publicly traded in the U.S. with lower cost and complexity than a U.S. exchange listing. Streamlined market standards enable international companies not yet ready for the OTCQX Best Market to provide a strong baseline of transparency to inform and engage U.S. investors.
About Kontrol Energy
Kontrol Energy Corp. (CSE: KNR, FSE: 1K8) is a leader in the energy efficiency sector through IOT, Cloud and SaaS technology. With a disciplined mergers and acquisition strategy, combined with organic growth, Kontrol Energy Corp. provides market-based energy solutions to our customers designed to reduce their overall cost of energy while providing a corresponding reduction in Greenhouse Gas (GHG) emissions.
