SOURCE: Infrared Systems International

March 16, 2011 09:00 ET

Infrared Systems International Announces Changes to Quote System

SILVERDALE, WA--(Marketwire - March 16, 2011) -  Infrared Systems International (OTCQB: IFRS) announced today information related to recent changes in the quotation of its stock.

During the month of March, several hundred companies previously quoted on FINRA's OTC Bulletin Board (OTCBB) stopped being quoted on that system and began being quoted solely on OTC Market Group's OTC Link™. This change was a result of broker-dealers moving away from the traditional Bulletin Board system, which proved to be more time and cost intensive, to the superior real-time electronic interdealer quotation system found with OTC Link™. According to OTC Market Group, over 95% of broker-dealer OTC priced quotes are now on the OTC Link™ platform compared to less than 5% on FINRA's OTC Bulletin Board.

OTC Market Group designates their quotation in three separate tiers. Infrared Systems International (IFRS) is currently quoted in the middle tier known as the OTCQB. This tier is for companies that provide disclosure and transparency and report to the SEC (or a U.S. banking regulator). There are some misperceptions due to the fact that some financial websites have not updated their systems and are not displaying accurate quotes (or no quotes at all) and are mistakenly showing SEC reporting companies as Pink Sheets (sometimes showing .PK on the end of their tickers). We assure you that Infrared Systems International continues to report to the SEC and is current on its filings. 

As investors become more aware of the changes that have taken place and financial websites are able to update their systems, we are confident that the changes will be positive and any short term confusion in the marketplace will be short lived.

For more information about OTC Market Group, please visit: www.otcmarkets.com. You may also download an OTCQB fact sheet at: http://www.otcmarkets.com/content/doc/ps/OTCQBfactsheet.pdf.

About Infrared Systems International:

Infrared Systems International, through its wholly owned subsidiaries, offers unique solutions and applications for a variety of industries and emerging technologies.

AquaLiv, Inc. is a life sciences research and development company. Recent advancements in AquaLiv's technology uncovered a new field of biological information science. With direct applications in the industries of water purification, environmental science, agriculture, animal husbandry, personal use products, and medicine, AquaLiv is ready to expand its innovative product offering. To learn more about AquaLiv, please visit: www.aqualiv.net.

Focus Systems, Inc. is a service orientated, desktop virtualization, and VoIP information technology provider. Focus Systems' service essentially eliminates the need for their customers to buy, deploy, and maintain IT infrastructure. The move to cloud computing lowers customers' total cost of ownership by shifting critical systems to Focus -- including servers, backup, software, operating systems, updates, power, cooling, facility space, and internal staffing requirements. For more information, please visit: www.focus-sys.com.

Infrared Applications Inc. is a security and safety focused company. The latest technological advancements have been incorporated into a powerful blend of wireless operation and infrared imaging to provide a system that features redundancy, connectivity, independent verification, and seamless operation for a broad spectrum of security applications. Our patented solutions benefit aviation, industrial infrastructure, military, homeland defense, and the private sector. For more information, please visit: www.HarmAlarm.com.

Safe Harbor: Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

Contact Information

  • Contact:
    Infrared Systems International
    360-536-4220