SOURCE: Pink Sheets LLC

April 15, 2008 11:30 ET

Azure Dynamics Joins International OTCQX

NEW YORK, NY--(Marketwire - April 15, 2008) - Pink OTC Markets Inc., the leading electronic inter-dealer quotation system, trading technology and financial information provider for over-the-counter (OTC) securities, today announced that Azure Dynamics Corp. (OTCQX: AZDDF) (PINKSHEETS: AZDDF), a world leader in the development and production of hybrid electric and electric components and power train systems for commercial vehicles, is now trading on the elite International PrimeQX tier. Beginning today, investors can find current disclosure and financial information for Azure Dynamics on www.otcqx.com and www.pinksheets.com.

"We are pleased to add Azure Dynamics to our list of International OTCQX companies," said R. Cromwell Coulson, Chairman and CEO of Pink OTC Markets. "By listing on International OTCQX, Azure Dynamics has signaled to the U.S. market its desire to offer a high level of transparency and convenience to U.S. investors while trading on a credible U.S. market tier."

Merriman Curhan Ford & Co. will act as the company's Investment Bank Principal American Liaison (PAL).

"We are pleased to be advising Azure Dynamics as their sponsor on the International OTCQX to drive U.S. investor interest," added Allen Blankenship, Vice President of Merriman Curhan Ford & Co.'s OTCQX Advisory Group. "For Azure Dynamics, which is also listed on the Toronto Stock Exchange, OTCQX offers the ability to have an efficient U.S. listing and trading vehicle while providing their home country disclosure in English to U.S. shareholders, thus avoiding duplicative disclosure regimes."

About Azure Dynamics

Azure Dynamics Corporation (TSX: AZD) (OTCQX: AZDDF) (LSE: ADC) is a world leader in the development and production of hybrid electric and electric components and powertrain systems for commercial vehicles. Azure is strategically targeting the commercial delivery vehicle and shuttle bus markets and is currently working internationally with various partners and customers. The Company is committed to providing customers and partners with innovative, cost-efficient, and environmentally-friendly energy management solutions. Azure Dynamics' operations are based in North America and Europe. For more information please visit www.azuredynamics.com.

About International OTCQX

International OTCQX provides a gateway to U.S. securities markets for international companies that are listed on a qualified international exchange and provide ongoing disclosure in English to U.S. investors. More importantly, International OTCQX distinguishes the reputable international issuers from the 8,000 over-the-counter (OTC) securities traded in the U.S. Only leading companies that have substantial operating businesses and provide credible disclosure to the public are eligible for inclusion on the premium-tier International OTCQX, which commenced trading on March 5, 2007. For more about International OTCQX, visit www.otcqx.com.

About Pink OTC Markets Inc.

Pink OTC Markets Inc. provides the leading inter-dealer electronic quotation and trading system in the over-the-counter (OTC) securities market. We create innovative technology and data solutions to efficiently connect market participants, improve price discovery, increase issuer disclosure, and better inform investors. Pink OTC Markets operates the third largest U.S. equity trading venue which includes both the elite OTCQX market tiers for strong OTC-traded companies that can satisfy financial and disclosure listing standards and Pink Sheets for all other OTC quoted securities.

Over 230 financial service firms, including the ten largest U.S. investment banks, actively make markets in OTCQX and Pink Sheets quoted securities and in 2007 these firms traded over $160 billion of OTCQX and Pink Sheets securities. Pink OTC Markets offers widespread access to all U.S. broker-dealers, enabling investors to seamlessly trade these securities through their institutional, online, or full service brokers.

Pink OTC Markets is headquartered in New York City.

To learn more about how Pink OTC Markets' products and services make OTC markets more transparent, informed, and efficient, please visit our websites at www.pinksheets.com and www.otcqx.com or contact us at info@pinkotc.com.

Contact Information

  • Media Contact:
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    CCG Investor Relations
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