OTCBB - The End? Or The Beginning...

[Stock]

Here's an explanation to shareholders of the OTCBB to OTCQB issue from a Pinksheet company's CEO.

Posted by slojab
Thursday, February 24, 2011 2:50:33 PM
#msg-60288635

February 24, 2011 - DM Products, Inc. (www.dmproducts.biz) provides its shareholders with a brief explanation regarding the recently created OTCQB marketplace.

Our common stock trades over-the-counter in the recently created OTCQB marketplace. This new comprehensive over-the-counter market tier includes the securities of over 768 SEC reporting companies and banks formerly designated as Pink Sheets stocks, in addition to the 3,050 securities that are currently quoted in both Pink OTC Markets' electronic inter-dealer quotation system and FINRA's OTCBB. All securities in the new OTCQB tier are displayed on www.otcmarkets.com with an icon reading, "OTCQB -- U.S. Registered."

Pink OTC Markets’ electronic interdealer quotation and trading system has become the leading platform for market makers, agency brokers and ECNs in the U.S. OTC market. More broker-dealers are choosing the superior performance and functionality of Pink OTC Markets’ open, transparent and broker-neutral platform over FINRA’s OTCBB for publishing quotes in SEC reporting and bank reporting stocks.

We have recently learned that market makers trading in our stock have dropped use of FINRA's OTCBB because of the added fees necessary to keep that designation. With the advent of the OTCQB, these brokers are trading our securities on the newly created OTCQB and not the OTCBB. We do not believe it necessary at this time to reapply for quotation on the OTCBB because of the new trend in trading on the OTCQB. For more information on the OTC Market Tiers, see: www.otcmarkets.com/pink/otcguide/investors_market_tiers.jsp.