Pink Sheets LLC, formerly the National Quotation Bureau, is the leading provider of trading systems, pricing and financial information for OTC markets.
CONTACT: Cromwell Coulson, Chairman and CEO of Pink Sheets LLC, +1-212-896-4444
We are very pleased that Bloomberg is the first market data distributor to offer real-time Pink Sheets quotes to our clients," said Scott Clopton, head of Third Party Contributions.
Although many associate Pink Sheets quoted companies with small domestic and foreign OTC companies, or economically distressed issuers such as eToys (ETYSQ), Iridium World Communications (IRIDQ), or Lernout & Hauspie Speech Products (LHSPQ), many major American Depositary Receipts (ADR's) of large international corporations are quoted on the Pink Sheets.
In September of 1999, Pink Sheets introduced its Electronic Quotation Service, an Internet-based, real-time quotation service for OTC equities and bonds.
The International OTCQX is a new market tier offered by Pink Sheets that provides a premier trading, quotation and disclosure venue for securities of the highest quality international companies that trade in the U.
For more information visit the Pink Sheets website at www.
provides broker/dealers, issuers and investors with electronic and print products and information services designed to improve the transparency of the OTC markets.
The Company intends to continue making quarterly reports to the SEC, and expects to qualify for one of the high-quality categories, such as "SEC Reporting," when these categories become available on the Pink Sheets in May of 2007.
Recently, Pink Sheets has transformed itself to utilize the power of the Internet and the advances in web based technology to increase the quality, timeliness and value of its information and services.
Other biotechnology companies maintain robust trading and volume on the Pink Sheets, some with share prices consistently above $5.
Examples of such uncertainties and contingencies include, among other important factors, those affecting the insurance industry in general, such as the economic and interest rate environment, legislative and regulatory developments and market pricing and competitive trends, and those relating specifically to the Company and its businesses, such as the level of its insurance premiums and fee income, and acquisitions of companies or blocks of business, its ability to sustain growth and to successfully transition to the Pink Sheets
, whether there will be an active trading market in the Company's stock on the Pink Sheets
, the Company's ability to preserve its net operating loss carry forwards and the accompanying tax benefits.