Thursday, March 08, 2007 7:11:22 AM
New York, NY - March 5, 2007 -Pink Sheets, LLC today announced that it has launched two premier market tiers in the U.S. - OTCQX and International OTCQX - for reputable operating companies that wish to create enhanced visibility and respectability with investors.
The OTCQX primary trading PremierQX and PrimeQX designations identify U.S. companies with ongoing business operations that have professional advisors and provide credible disclosure to the marketplace, including U.S. Generally Accepted Accounting Principles (GAAP) compliant financial statements audited annually. International OTCQX offers the International PremierQX or International PrimeQX designations to non-U.S.-based companies listed on a qualified international stock exchange that make their home country disclosure available in English to U.S. investors.
"We are excited to give the OTCQX designation to our initial group of companies that have completed the application process." said Cromwell Coulson, Chairman and CEO of Pink Sheets, LLC. "For some time now, reputable issuers on the Pink Sheets have asked us to find a way to recognize their efforts to provide credible information to investors. OTCQX is our answer to that request with a simple listing process that allows trusted companies to efficiently distinguish themselves. Today, we begin an exciting new market tier that makes it easy for investors to identify and research the companies that are worthy of their consideration
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