As a result of this decision the company's common stock will move to the Pink Sheets
"No Information" OTC Market Tier from the Pink Sheets
"Current Information" OTC Market Tier.
More importantly, International OTCQX distinguishes the reputable international issuers from the almost 5,000 OTC securities electronically traded on the Pink Sheets.
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 Over-the-Counter (OTC) markets.
The Pink Sheets provide bids and asks, along with real time Level II quotes, which will be available at no additional cost at www.
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.
Also on the Company's mind related to its transition from Nasdaq to the Pink Sheets is the preservation of its significant tax assets," Mr.
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.
In September of 1999, Pink Sheets
introduced its Electronic Quotation Service, an Internet-based, real-time quotation service for OTC equities and bonds for market makers and brokers.
BMXP anticipates that it will continue to trade on the Pink Sheets and will become, upon closing of the transaction with Tasco, the largest shareholder of Tasco holding approximately 78% of the outstanding shares of Tasco.
and for BMXP (the Pink Sheet Company) that currently carries that corporate name, to change its name to avoid confusion.