Official listing on OTC Markets Group (PINK)
Sydney, June 5, 2020 AEST (ABN Newswire) - AdvanceTC Ltd (
NSX:A88) (ATCLF:OTCMKTS) is pleased to advise that the Company has officially been accepted and listed on the USA OTC Markets Group (Pink) with allocated ticker references NSX A88 and OTC Pink ATCLF. OTC Markets Group is the largest U.S marketplace for OTC securities with over 10,500 securities listed as of 2019 and is regulated by the Financial Industry Regulatory Authority ( FINRA )
The Company is currently in the process of obtaining DTC eligibility with The Depository Trust Company ( DTC ) for its ordinary shares listed on the OTC Markets Pink.
DTC eligibility will permit AdvanceTC shares to be distributed, settled and serviced through DTC's automated processes, leveraging on the efficiency created through the electronic clearing and settlement of securities and provides cost benefits for investors and brokers trading of Australian securities in the United States of America. DTC is a subsidiary of the Depository Trust & Clearing Corp. and manages the electronic clearing and settlement of publicly traded companies in USA.
Upon the acceptance by DTC, AdvanceTC shareholders will be able to electronically transfer shares between Australia and the USA, which is an important step for the trading of AdvanceTC shares on the OTC Markets Pink and to build a potential investor base in the USA. This eligibility will create trading opportunity, liquidity and demand of AdvanceTC shares.
The listing on the OTC Markets Pink will be of great benefit to the company as it prepares initial market distribution of its unique Satellite Android smartphone Xplore X7 and Xplore X5 in the USA.
The Company will further update upon securing the DTC eligibility.
To view the release, please visit:
https://abnnewswire.net/lnk/K7748N3V
About AdvanceTC Limited
AdvanceTC is a premier technology company specializing in the design and development of mobile telecommunication and computing devices. AdvanceTC is listed on NSX Australia (NSX:A88). More information on the company can be found at www.advancetc.com
About NSX Limited
NSX Limited (ASX:NSX) via its wholly owned subsidiary National Stock Exchange of Australia Limited (NSXA) operates the Tier 1 Licensed stock exchange facility for the listing of equity securities, corporate debt and investment scheme units. The company is also involved in trading and settlement activities.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX:OTCM) operates a financial marketplace for 10,000 United States and global securities through the broker of their choice. Through its OTC Link ATS, the Company directly link a diverse network of broker-dealers that provide liquidity and execution services for a spectrum of securities. the Company organizes these securities into three marketplaces to inform investors of opportunities and risks: OTCQX, the best marketplace with qualified companies; OTCQB, the venture stage marketplace with the United States reporting Companies; and OTC Pink, the open marketplace with variable Reporting companies. The OTCQX marketplace offers the informed and trading for the United States and global companies. The OTCQB marketplace offers informed trading for securities of smaller or developing companies that are reporting to a United States regulator (SEC, Bank, or Insurance). The OTC Pink marketplace offers trading in a spectrum of equity securities through any broker.
| ||
|
