SOURCE: Pink OTC Markets Inc.

December 11, 2008 11:27 ET

Capital Properties, Inc. Joins OTCQX

NEW YORK, NY--(Marketwire - December 11, 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 Capital Properties, Inc., a properties leasing business in Rhode Island, has joined OTCQX. Investors can find real-time quotes, disclosure, and financial information about Capital Properties, Inc. at www.otcqx.com and www.pinksheets.com under the ticker (OTCQX: CPTP).

"We are delighted to welcome Capital Properties to OTCQX," said Cromwell Coulson, Chairman and CEO of Pink OTC Markets Inc. "With OTCQX, Capital Properties can continue to trade on a respected market tier as they transition from NYSE Alternext. We are proud to add Capital Properties to our growing list of OTCQX issuers."

Hinckley, Allen & Snyder LLP will act as Attorney Designated Advisor for Disclosure (DAD) for Capital Properties, Inc.

Capital Properties, Inc.

Capital Properties, Inc., through its subsidiaries, engages in owning and leasing properties in Rhode Island. The company operates through two segments -- Leasing and Petroleum Storage. The Leasing segment owns approximately 18 acres in the Capital Center area in downtown Providence, Rhode Island. It also leases outdoor advertising locations for billboards along interstate and primary highways in Rhode Island and Massachusetts. The Petroleum Storage segment owns a petroleum storage terminal with a capacity of approximately 1,000,000 barrels in East Providence, Rhode Island.

About OTCQX

OTCQX is the premier OTC market tier in the U.S. for trusted companies that want to distinguish themselves from the thousands of other companies trading over-the-counter. OTCQX companies benefit from greater visibility and access to investors and are sponsored by trusted securities advisors known as Designated Advisors for Disclosure (DAD).

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, with 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, 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
    +1 (646) 454-4519
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