NEW YORK, Jan. 13, 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 Alexium International Group Ltd. (OTCQX: AXXIY; ASX: AJX; AX:
AJX), a company focused on leveraging leading edge technology from
defense laboratories into the commercial sector, 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 )
Alexium 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.
"Investors prefer the quality-controlled admission process on
OTCQX which identifies the segment of OTC companies focused on
valuation and transparency," stated R. Cromwell Coulson,
President and Chief Executive Officer of OTC Markets Group. "We are
pleased to welcome Alexium to OTCQX."
Merriman Capital, Inc. will serve as Alexium's Principal
American Liaison ("PAL") on OTCQX, responsible for providing
guidance on OTCQX requirements.
About Alexium International Group Ltd.
Alexium International Group Ltd. (OTCQX: AXXIY; ASX: AJX;
AX: AJX) trades in the United
States on OTCQX under the symbol "AXXIY", where each ADR
represents 40 ordinary shares. Alexium International Group Limited
holds proprietary patent applications for a process developed by
the US Department of Defense, which allows the surface modification
and attachment of nano particles or multiple chemical functional
groups to surfaces or substrates to provide functions such as water
proofing, oil proofing, anti microbial, non-stick and UV
protection. Applications under development include but are not
limited to textiles, paints, packaging, glass and building
materials.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's
largest electronic marketplace for broker-dealers to trade unlisted
stocks. Our OTC Link™ platform supports an open
network of competing broker-dealers that provide investors with the
best prices in over 10,000 OTC securities. We categorize the
wide spectrum of OTC-traded companies into three tiers - OTCQX (the
quality-controlled marketplace), OTCQB® (the venture marketplace),
and OTC Pink™ (the open marketplace) - so investors
can identify the level and quality of information companies
provide. To learn more about how OTC Markets Group makes the
unlisted markets more transparent, informed, and efficient, visit
www.otcmarkets.com.
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SOURCE OTC Markets Group Inc.