NEW YORK, Nov. 17, 2014 /PRNewswire/ -- OTC Markets Group
Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected
financial marketplaces, today announced Estacio Participacoes S.A.
(BM&FBovespa: ESTC3; OTCQX: ECPCY), one of Brazil's largest private-sector post-secondary
education providers, has qualified to have its American Depositary
Receipts (ADRs) trade on OTCQX®, the best marketplace.
Estacio begins trading today on OTCQX under the symbol "ECPCY,"
where each ADR represents one ordinary share. U.S. investors
can find current financial disclosure and Real-Time Level 2 quotes
for the company on www.otcmarkets.com.
"We are thrilled to welcome Estacio to the growing family of
established global and growth companies on OTCQX," said
R. Cromwell Coulson, President and
CEO of OTC Markets Group. "Trading on OTCQX will provide
Estacio's U.S. investors transparent trading and convenient access
to the company's news and financial disclosure so they can more
easily analyze, value and trade its securities. We look
forward to working with Estacio's management team as the company
expands its presence in the U.S. investment market."
"Upgrading our ADR program to the OTCQX marketplace was the
appropriate move for Estacio and our investors," said Virgílio
Gibbon, CFO and Investor Relations Officer of Estacio. "With
OTCQX, we can clearly communicate our expertise to the financial
markets and ensure our shareholders receive high-quality
disclosure, transparent trading and easy access through their
regulated U.S. broker-dealer."
Citi serves as Estacio's Principal American Liaison ("PAL") on
OTCQX, responsible for providing professional guidance on OTCQX
requirements.
Estacio's learning network consists of one university, six
university centers, 35 colleges and 163 distance learning units
recognized by the Ministry of Education (MEC). This network
encompasses 84 campuses in the major urban centers of 20 states
throughout Brazil, strategically
near the residential neighborhoods and workplaces of the company's
target students: middle and lower-middle income working adults.
The company has highly qualified professors, advanced teaching
methodologies and well equipped facilities. It offers around
78 undergraduate and associate degree programs in the areas of life
and health sciences. Furthermore, it offers master's,
doctoral, and other graduate programs, as well as continuing
education courses, which it believes are of distinguished quality
and offered at competitive prices. The programs focus on
students' professional development and on improving their
employment prospects.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent
and Connected financial marketplaces for 10,000 U.S. and global
securities. Through our OTC Link® ATS, we directly link a
diverse network of broker-dealers that provide liquidity and
execution services for a wide spectrum of securities. We
organize these securities into marketplaces to better inform
investors of opportunities and risks – OTCQX®, The Best
Marketplace; OTCQB®, The Venture Marketplace; and OTC Pink®, The
Open Marketplace. Our data-driven platform enables investors
to easily trade through the broker of their choice at the best
possible price and empowers a broad range of companies to improve
the quality and availability of information for their
investors. To learn more about how we create better informed
and more efficient financial marketplaces, visit
www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC regulated ATS.
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Media Contact:
Saskia Sidenfaden, OTC Markets
Group Inc., +1 (212) 896-4428, saskia@otcmarkets.com
SOURCE OTC Markets Group Inc.