SOURCE: Pink Sheets, LLC

January 16, 2007 09:00 ET

PINK SHEETS Retains BLUE SKY DATA CORP to Provide State Compliance Services for OTCQX Issuers

NEW YORK, NY -- (MARKET WIRE) -- January 16, 2007 -- Pink Sheets, LLC today announced that it has retained Blue Sky Data Corp to provide analysis, review and guidance for all OTCQX-listed companies and their counsels on state securities requirements pertaining to secondary trading. For each company that lists on OTCQX, Blue Sky Data will analyze and review its blue sky status and/or available exemptions in every state and U.S. possession. Blue Sky Data is a recognized leader in maintaining a database on every domestic and foreign security traded in the U.S. Everyday brokerage houses and clearing firms around the country use Blue Sky's database to keep the securities industry in compliance with state rules and regulations.

"Blue Sky Data Corp will help eliminate the advantage that certain national securities exchanges have had with blue sky compliance," said Cromwell Coulson, Chairman and CEO of Pink Sheets. "Our partnership with Blue Sky Data enables us to deliver many of the advantages of a traditional exchange listing to OTCQX companies for state securities laws purposes," continued Mr. Coulson. Mr. Coulson concluded by noting that "Blue Sky Data has a strong reputation as a leader in the space and is committed to improving compliance through information technology."

Linda Graves, President of Blue Sky Data Corp, expressed excitement with her company's involvement with the OTCQX. "The OTCQX provides a new premier trading, quotation and disclosure venue for over-the-counter securities in the U.S. markets that will foster improved disclosure for investors," noted Graves. "We look forward to assisting the Pink Sheets in its efforts to expand the alternatives available to public companies operating and raising capital in this country."

About Blue Sky Data Corp

Blue Sky Data Corp is recognized as the leading source of blue sky rules and regulations in America. The 25-year-old company has undergone a period of rapid expansion to meet the growing needs of its subscribers. Blue Sky Data Corp provides state compliance data at the fingertips of compliance officers and their departments. Its database contains current information updated throughout the day on new issues and existing issues and carries a complete listing of every domestic and foreign security traded in the U.S. and its possessions. To learn more about Blue Sky Data Corp, visit www.blueskydata.com.

About OTCQX

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 www.otcqx.com. 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 www.pinksheets.com.

Contact Information

  • Contact:
    R. Cromwell Coulson
    Chairman and CEO
    Pink Sheets LLC
    1 (212) 896-4420
    Email Contact