NEW YORK, NY -- (MARKET WIRE) -- 04/10/08 -- Pink Sheets LLC announced that it has changedits name to Pink OTC Markets Inc. The name change reflects both thecompany's conversion from a Delaware limited liability company to aDelaware corporation, and more accurately communicates the company'spreeminent position as a technology and financial information provider forthe U.S. Over-the-Counter (OTC) securities markets.Through its electronic quotation, trading and information platforms -- PinkOTC Markets provides technology services and information that enable OTCmarket participants to communicate, connect and categorize, enhancing OTCmarket transparency, efficiency, and liquidity for broker-dealers, issuers,and investors.
"Our community of competing market makers and our cost-efficient electronicplatform has allowed us to grow into the third largest U.S. trading venuefor equity shares by dollar volume and over five times larger than theOTCBB (Over-the-Counter Bulletin Board)," said Cromwell Coulson, CEO."Changing our name to Pink OTC Markets better describes the importantproducts and solutions that our company provides for the OTC market and thebroadening of our services to include both the elite OTCQX market tiers andthe Pink Sheets."
Over $39 billion dollars of OTCQX and Pink Sheets securities were traded inthe first quarter of 2008, where 230 of the largest broker-dealers mademarkets in over 8,500 OTC securities. The Pink Link electronic messagingsystem is the leading OTC inter-dealer trading network across which 30% ofall OTCBB shares are traded.
About Pink OTC Markets Inc.
Pink OTC Markets Inc. provides the leading inter-dealer electronicquotation and trading system in the over-the-counter (OTC) securitiesmarket. We create innovative technology and data solutions to efficientlyconnect market participants, improve price discovery, increase issuerdisclosure, and better inform investors. Pink OTC Markets operates thethird largest U.S. equity trading venue which includes both the elite OTCQXmarket tiers for strong OTC-traded companies that can satisfy financial anddisclosure listing standards and Pink Sheets for all other OTC quotedsecurities.
Over 230 financial service firms, including the ten largest U.S. investmentbanks, actively make markets in OTCQX and Pink Sheets quoted securities andin 2007 these firms traded over $160 billion of OTCQX and Pink Sheetssecurities. Pink OTC Markets offers widespread access to all U.S.broker-dealers, enabling investors to seamlessly trade these securitiesthrough 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 OTCmarkets more transparent, informed, and efficient, please visit ourwebsites at www.pinksheets.com and www.otcqx.com or contact us atinfo@pinkotc.com.
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