November 27, 2012 – New York, NY – OTC Markets Group (OTCQX: OTCM), the operator of Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities, and PR Newswire, the global leader of innovative marketing, communications and investor relations solutions, today announced a strategic partnership that will provide OTCQX, OTCQB and OTC Pink companies a seamless and cost-effective way to broaden the dissemination of company news and information to investors and mitigate SEC risk.
PR Newswire has integrated its news distribution service with OTC Markets Group’s OTCIQ.com, an IR and business intelligence portal for OTCQX, OTCQB and OTC Pink companies. This integration enables OTCIQ.com subscribers, including SEC reporting companies, to comply with disclosure requirements by providing convenient access to the tools needed to communicate timely information to analysts, investors and the media.
This new premium offering gives OTCIQ.com subscribers the ability to maximize the distribution of their news through PR Newswire’s expansive network, including local and national media outlets, websites, online databases and Reg. FD compliant news portals, as well as through the OTC Disclosure & News Service network of broker-dealers, market data providers and financial websites.
“The integration of OTCIQ.com with PR Newswire provides OTCQX, OTCQB, and OTC Pink traded companies with an enhanced news distribution service and single point of access to distribute news and information and meet disclosure requirements,” said R. Cromwell Coulson, CEO of OTC Markets Group. “This new feature will streamline the communications process for companies and better enable their investors to efficiently analyze, value and trade securities traded on our marketplace. We are always looking for ways to improve the transparency and connectivity of our platform.”
In December, PR Newswire will further this integration by feeding the press releases of OTCIQ.com subscribers to the OTC Disclosure & News Service. As a result, companies will have the option of using OTCIQ.com or PR Newswire to distribute press releases. OTCQX companies that were previously required to upload their press releases to both interfaces will now also have the option to choose one platform for news distribution.
“The seamless integration of our distribution portal within OTCIQ.com helps OTCQX, OTCQB and OTC Pink companies overcome two of their biggest challenges – greater capital markets visibility and simplified shareholder communications workflow,” said Liam Power, Senior Vice President at PR Newswire. “OTC Markets Group is keenly aware of its issuers’ needs and we’re pleased they have embedded PR Newswire as the solution for companies to reach investors, engage with media and continually drive their financial brands.”