SOURCE: Pink Sheets, LLC

March 07, 2007 08:30 ET

Pink Sheets Accepts Sanders Morris Harris Inc. as OTCQX Investment Bank Designated Advisor for Disclosure (DAD)

NEW YORK, NY -- (MARKET WIRE) -- March 7, 2007 -- Pink Sheets, LLC has announced that Sanders Morris Harris Inc. has been accepted as an Investment Bank Designated Advisor for Disclosure (DAD) for OTCQX companies. As an Investment Bank DAD, Sanders Morris Harris will provide advice with respect to clients' OTCQX listing requirements and public disclosure obligations, generally.

"We are excited to add Sanders Morris Harris Inc. to our list of Investment Bank DADs. Sanders Morris brings the experience necessary to provide a premium level of service to OTCQX companies that wish to raise their profile in the market and access public equity financing. Sanders Morris is a leader in serving small and micro-cap companies and brings to the DAD program a reputation that will distinguish issuers in the new OTCQX market tier," commented Cromwell Coulson, Chairman and CEO of Pink Sheets.

The OTCQX is a new market tier offered by Pink Sheets that provides a premier trading, quotation and disclosure venue for the securities of the highest quality companies in the U.S. OTC markets. Companies that have substantial operating businesses and provide credible disclosure to the public may qualify for the premium tier OTCQX, which commenced trading on March 5, 2007. Each OTCQX company must nominate either an Investment Banker or an Attorney as their DAD to advise them in providing disclosure to the market and meeting the OTCQX listing requirements. The DAD advisory role is designed to bolster investor confidence in the quality of OTCQX issuer disclosure.

About Sanders Morris Harris Inc.

Sanders Morris Harris Investment Banking provides middle-market companies with private placements and public offerings of equity and debt securities, as well as financial-advisory services in connection with mergers and acquisitions, restructuring and recapitalizations. The firm provides a full spectrum of investment banking services, including raising capital, research coverage, creating liquidity, trading and market making, merger and acquisition advisory services, sales support, and investor conferences. Sanders Morris Harris Investment Banking, a division of Sanders Morris Harris Inc., is headquartered in New York with regional offices in Los Angeles and Houston. For more information on Sanders Morris Harris Investment Banking go to

Sanders Morris Harris Inc., Member NASD/SIPC is a subsidiary of Sanders Morris Harris Group (NASDAQ: SMHG), a financial services holding company headquartered in Houston, managing more than $10 billion in client assets. SMHG provides a full range of asset and wealth management, investment banking, and institutional services. Its operating entities include Sanders Morris Harris, Concept Capital, The Edelman Financial Center, Kissinger Financial Services, Salient Capital, SMH Capital Advisors, Select Sports Group, and SMH Partners. SMHG has more than 550 employees in 20 states. For additional information on Sanders Morris Harris Group please visit


An alternative to listing on traditional exchanges, OTCQX is a new market tier for issuers of securities that are traded in the over-the-counter (OTC) markets. The OTCQX trading, quotation and disclosure platform, comprised of the PremierQX and PrimeQX tiers, is designed to distinguish strong public companies from the nearly tens of thousands of securities traded on OTC. Additional information is available at

About Pink Sheets, LLC

Pink Sheets, LLC is the leading provider of services, software and financial information for the OTC securities markets. Its electronic quotation, trading and disclosure services enhance the efficiency of OTC trading, provide better executions for OTC investors and improve the capital formation process for OTC issuers. For more information visit the Pink Sheets website at

Contact Information

  • Contacts:
    Issuer Services
    Pink Sheets, LLC
    (212) 896-4420
    Email Contact

    Sanders Morris Harris Inc.
    Stephen Bonebrake
    (212) 419 3986
    Email Contact