Pacific Gold announced today that the Company's stock has been upgraded to now be quoted on the OTCQB market tier of the OTC marketplace.
The OTCQB is the OTC market tier for companies that report to the SEC or a U.S. banking system or insurance regulator. Investors can find Real-Time quotes and information for the Company at http://www.otcmarkets.com/stock/pcfg/quote.
The Company has worked hard to ensure all financial requirements are now up to date. Moving up to the OTCQB will allow the company to reach a larger potential number of investors and bring greater awareness to the Company. The transparency of the OTCQB, and its tier requirements, is of benefit to all current and potential shareholders.
The OTCQB is the chosen market tier of many broker-dealers compared to the OTCBB which is currently undergoing changes. It is the broker-dealers (market makers) who chose whether to quote a Company's shares on OTC Markets Group's OTC Link platform (for OTC Pink, OTCQB and OTCQX securities) or the OTCBB; it is not the Company's choice. Please read below in the "About OTCQB" section of this release for a better understanding of the current quotation markets.
In the future, as the Company develops, PCFG will investigate other potential market tiers that may be a benefit to the Company.
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