OTC Markets Group Approves 100th Listed Company Under New OTCQB Eligibility Requirements - Video News Alert on InvestmentPitch.com

September 25, 2014 11:35 AM EDT | Source: InvestmentPitch Media

Vancouver, British Columbia--(Newsfile Corp. - September 25, 2014) - On March 26, 2014, OTC Markets Group (www.otcmarkets.com) introduced standards and eligibility requirements for the OTCQB with the goal of making it a better venture marketplace.

InvestmentPitch.com has produced a "video news alert" which provides a brief overview of the OTC Markets Group and the new standards. If this link is not enabled, please visit www.InvestmentPitch.com and enter "OTC Markets" in the search box.


If you cannot view the video above, please visit:
http://www.investmentpitch.com/video/0_pxxfrqto/OTC-Markets--Standards-and-Eligibility-Requirements-for-OTCQB

OTC Markets Group operates financial marketplaces for 10,000 U.S. and global securities. These securities trade on three levels, with the highest level securities trading on OTCQX, The Best Marketplace, followed by OTCQB, The Venture Marketplace, and the lowest level securities delegated to the OTC Pink, The Open Marketplace.

To remain eligible to trade on the OTCQB, companies must be current in their reporting to a U.S. or foreign regulator, pass a minimum bid price test of one penny ($0.01) and undergo an annual verification and management certification process providing additional information about the company's insiders, advisors and share count.

Companies that are approved to trade on OTCQB receive access to additional premium services to help them build visibility and improve transparency for investors including the OTC Disclosure & News Service® and free real-time Level 2 quotes.

Under the new regulations, approximately 2,400 OTCQB companies face deadlines over the next 10 months. By July 30, 2015 all OTCQB companies than cannot or choose not to comply with the new standards will be downgraded to the OTC Pink Open Marketplace, where they can trade at no cost, with simplified rules while they refinance, reactivate or reinvent their businesses.

The OTC Markets Group announced that the first 100 companies have met the new standards. They included a wide variety of industries, including biotechnology, media, technology, mining, oil and gas, food and consumer products.

R. Cromwell Coulson, President and CEO of OTC Markets Group stated: "We are excited about the tremendous positive feedback we have received from companies and investors about the improvements to our OTCQB marketplace. With these changes, we are building a true American venture market to help support entrepreneurial companies as they build their businesses, access public capital markets and increase visibility with investors worldwide. As companies raise capital and go public under the JOBS Act, we anticipate they will use OTCQB as a stepping stone to OTCQX, our best marketplace, as well as to NASDAQ and the New York Stock Exchange. OTCQB offers an efficient entry into the public markets for entrepreneurial companies that are committed to creating value for their shareholders."

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