VANCOUVER, BC--(Marketwired - Apr 26, 2013) - LCTI Low Carbon Technologies International, Inc. (PINKSHEETS: LWCTF), a diversified company focused on the Clean-tech, Construction, Energy & Energy Efficiency, Environmental, Mining and Real Estate business sectors, announced today that the company will pursue up-listing to the OTCQX Marketplace after the next quarterly filing -- expected May 31st, 2010.
"The move to the OTCQX will strengthen the investment viability LCTI currently offers to its investors today," stated Bryan S. Jarnagin Chairman and CEO. "We strongly believe the feasibility of our company's value is being grossly underestimated partly due to the exchange we are currently trading on."
Reporting on the Pink Sheets market is a completely voluntary filing process which LCTI has committed to. Management feels however, with preliminarily Year-to-Date numbers of $13mm EBITDA and $10.75mm Net Income -- increases of approximately 62% and 600%, respectively, from Fiscal 2012 -- the markets are likely more "apt to respond favorably when LCTI is trading on the OTCQX," said Jarnagin.
Mr. Jarnagin continued, "What our shareholders must keep in mind is that each of our technologies is independently valued by a premier U.S. valuation company. Each of our properties is independently valued by licensed real estate appraisers. And in both cases, as a general practice, we look to have these valuations qualified verified and accepted by the standing auditor at that time. Therefore, with confidence I can surely say, if forecasts determine LCTI will likely have an Enterprise Value approaching close to $200 million dollars by Fiscal year end, I feel inclined to support those findings."
A premier tier of the U.S. Over-the-Counter Market, the OTCQX is home to such companies as Adidas AG, BNP Paribas, Air France and Akzo Nobel N.V. People close to the company believe the combination of current asset valuations and revenues, along with the projected values of pending projects, Low Carbon Technologies is a good fit for the OTCQX.
"We expect LCTI to be in a prime position to initiate a move to the OTCQX by Fiscal year end [8/13], by at which point, we believe that today's shareholder, will be the greatest benefactor of tomorrow's progress," concluded Mr. Jarnagin.
Everything is IN MY OPINION!!!
AI
