NEW YORK, Feb. 22, 2012 /PRNewswire/ -- OTC Markets Group
Inc. (OTCQX: OTCM) the financial information and technology
services company that provides the world's largest electronic
marketplace for broker-dealers to trade unlisted stocks, announced
that Algae.Tec Limited (OTCQX: ALGXY; ASX: AEB), a renewable energy
company, has chosen to have its American Depositary Receipts (ADRs)
traded on the highest tier of the OTC market, OTCQX®.
(Logo:
http://photos.prnewswire.com/prnh/20110118/MM31963LOGO)
Algae.Tec began trading today on the OTC market's prestigious
tier, OTCQX International. Investors can find current
financial disclosure and Real-Time Level 2 quotes for the Company
on www.otcmarkets.com.
"We are pleased to welcome Algae.Tec to OTCQX," said R.
Cromwell Coulson, President and Chief Executive Officer of OTC
Markets Group. "The OTCQX platform offers investor-focused
companies a winning combination of quality control, transparency,
and broader visibility to U.S. investors."
INTL Trading, Inc. will serve as Algae.Tec's Principal American
Liaison ("PAL") on OTCQX, responsible for providing guidance on
OTCQX requirements.
About Algae.Tec Limited
Algae.Tec Limited (OTCQX: ALGXY; ASX: AEB) trades in
the United States on OTCQX under
the symbol "ALGXY", where each ADR represents 10 ordinary shares.
Algae.Tec is also trading on the ASX under the symbol "AEB".
Algae.Tec Limited (ASX:AEB, FWB:GZA:GR) an advanced algae to
biofuels company with a high-yield enclosed algae growth and
harvesting system has biofuels agreements with global airline
Lufthansa, the Sri Lanka arm of
cement giant Holcim, the Kerui Group in China, and Manildra Group in Australia. Algae.Tec has just completed a
AU$5m capital raising, and has quadrupled its Atlanta-based Algae Development and
Manufacturing Centre. To read more, please visit:
http://algaetec.com.au/news-room/images/.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's
largest OTC marketplace for equity securities. Our OTC Link®
trading system delivers price transparency in over 10,000
securities and enables direct interaction between broker-dealers
that provide liquidity and execution services. We organize the
marketplace by categorizing the wide spectrum of OTC-traded
companies into three tiers: OTCQX - The Intelligent Marketplace for
the Best OTC Companies; OTCQB® - The Venture Marketplace; and OTC
Pink® - The Open Marketplace. Our information-driven platform makes
it easy for investors to trade at the best price through the broker
of their choice and empowers companies to build the best markets
for their investors. To learn more about our Open, Transparent, and
Connected marketplace, visit www.otcmarkets.com.
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SOURCE OTC Markets Group Inc.