SOURCE: Pink Sheets, LLC

March 05, 2007 08:30 ET

Pink Sheets' New Market Tiers OTCQX and International OTCQX Commence Trading

NEW YORK, NY -- (MARKET WIRE) -- March 5, 2007 -- Pink Sheets, LLC today announced that it has launched two premier market tiers in the U.S. -- OTCQX and International OTCQX -- for reputable operating companies that wish to create enhanced visibility and respectability with investors.

The OTCQX primary trading PremierQX and PrimeQX designations identify U.S. companies with ongoing business operations that have professional advisors and provide credible disclosure to the marketplace, including U.S. Generally Accepted Accounting Principles (GAAP) compliant financial statements audited annually. International OTCQX offers the International PremierQX or International PrimeQX designations to non-U.S.-based companies listed on a qualified international stock exchange that make their home country disclosure available in English to U.S. investors.

"We are excited to give the OTCQX designation to our initial group of companies that have completed the application process," said Cromwell Coulson, Chairman and CEO of Pink Sheets, LLC. "For some time now, reputable issuers on the Pink Sheets have asked us to find a way to recognize their efforts to provide credible information to investors. OTCQX is our answer to that request with a simple listing process that allows trusted companies to efficiently distinguish themselves. Today, we begin an exciting new market tier that makes it easy for investors to identify and research the companies that are worthy of their consideration."

The Founding Members that commence trading today on OTCQX include:

--  Computer Services, Inc. (OTCQX: CSVI)
--  Meritage Hospitality Group, Inc. (OTCQX: MHGU)
--  Moro Corporation (OTCQX: MRCR)
For International OTCQX, the Founding Members that commence trading today include:
--  Day Software Holding AG (OTCQX: DYIHY) / (SWX: DAYN)
--  Globex Mining Enterprises Inc. (OTCQX: GLBXF) / (TSX: GMX)
--  Wal-Mart de Mexico S.A.B. (OTCQX: WMMVY) / (MSE: WALMEX.V)
"We are currently processing applications from 20 additional companies and we expect to announce several more additions to the OTCQX list over the next few weeks as the companies provide the required disclosure information and complete their DAD review or PAL confirmation," concluded Mr. Coulson.

OTCQX and International OTCQX are new market tiers offered by Pink Sheets, LLC that provide a premier trading, quotation and disclosure venue for the securities of the highest quality companies trading over-the-counter. Companies that have substantial operating businesses and provide credible disclosure to the public may qualify for OTCQX or International OTCQX. Each OTCQX company must nominate a Designated Advisor for Disclosure (DAD) and each International OTCQX company must nominate a Principal American Liaison (PAL) prior to being accepted. Based on the NOMAD model of the London Stock Exchange's Alternative Investment Market (AIM) market, the DAD and PAL advisory roles are designed to bolster investor confidence in the quality and availability of issuer disclosure. For more information about OTCQX and International OTCQX, visit

About Pink Sheets, LLC

Pink Sheets, LLC is the leading provider of services, software and financial information for the over-the-counter (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

  • Contact:
    Issuer Services
    Pink Sheets, LLC
    (212) 896-4427
    Email Contact