SOURCE: Pink Sheets LLC

May 06, 2008 09:10 ET

Intec Ltd Joins International OTCQX

NEW YORK, NY--(Marketwire - May 6, 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 Intec Ltd (PINKSHEETS: ICLJY) (OTCQX: ICLJY), a mining and minerals processing technology company for base and precious metals, has chosen to list its American Depositary Receipts (ADRs) on International OTCQX.

Intec's ADRs will begin trading today on the OTC market's prestigious tier, International PrimeQX, where investors can find current disclosure and financial information on the company (available on www.otcqx.com and www.pinksheets.com). The company is headquartered in Sydney, Australia.

"We are pleased to welcome Intec to International OTCQX," said R. Cromwell Coulson, Chairman and CEO of Pink OTC Markets. "As an International OTCQX-listed company, Intec distinguishes itself as one of the most prestigious companies trading over-the-counter, and becomes part of a visible market tier via which they can increase U.S. investor awareness."

Merriman Curhan Ford & Co will serve as Intec's Principal American Liaison ("PAL") on International OTCQX. Intec's ADRs will trade in the U.S. on International OTCQX under the ticker "ICLJY" where each ADR will represent twenty ordinary Intec shares.

"We're pleased to work with Intec, as their PAL sponsor, as they make this important step to gain access to U.S. investors," added Stephen Nash, Group Head of Merriman Curhan Ford's OTCQX Advisory Group. "High-growth international companies are increasingly recognizing the value that OTCQX can provide, a superior platform for trading and disclosure, thereby enhancing liquidity for companies that list and for U.S. investors who want to gain visibility into a company's news and filings. Registration with the SEC is not required to list on the OTCQX, thus removing costs associated with Sarbanes-Oxley."

Intec's shares are also listed on the Australian Stock Exchange and on the Deutsche Boerse in Germany.

About Intec Ltd

Intec Ltd is an Australian company which owns the Intec Process, a revolutionary technology for superior and sustainable metals production. The Intec Process comprises a set of patented chloride-based hydrometallurgical processes that have been demonstrated to produce high purity base and precious metals from concentrates of sulphide and oxide ores, tailings and industrial wastes, which has substantial environmental and cost advantages over both the widely used conventional smelting and refining processes and other known hydrometallurgical processes. The Intec Process represents a paradigm shift that will, over time, have a substantial favorable impact on the structure, economics and environmental impact of the world base and precious metals industries. Intec Ltd also owns minerals processing assets in Tasmania that are currently generating significant positive cashflow via production of zinc/lead/silver concentrates for the international market. For further information please visit www.intec.com.au.

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 operation on March 5, 2007. For more about International OTCQX, visit www.otcqx.com.

About Merriman Curhan Ford

Merriman Curhan Ford is a financial services firm focused on fast-growing companies and the institutions that invest in them. The company offers high-quality investment banking, equity research, institutional services, primary market research, asset management and corporate & venture services, and specializes in growth industry sectors.

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 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.

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