NEW YORK, May 6, 2011 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), the company that operates the world's
largest electronic marketplace for broker-dealers to trade unlisted
stocks, announced today that Danone (OTCQX: DANOY) has joined
OTCQX®, the highest tier of the U.S. OTC market. The addition
of Danone marks a significant milestone, as OTCQX reaches 200
companies. With a combined market capitalization exceeding
$1 Trillion, OTCQX offers investors
exciting investment opportunities with companies ranging from
smaller U.S. entrepreneurial businesses to global leaders.
(Logo:
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"Danone is an elite organization that belongs on the premier
tier of our marketplace, where companies provide the highest
quality disclosure to U.S. investors," said R. Cromwell Coulson, President and Chief
Executive Office of OTC Markets Group. "We are pleased to welcome
Danone as our 200th OTCQX company."
Danone, an international leader in the food and beverage sector,
chose to trade its American Depositary Receipts (ADRs) on OTCQX
International Premier to better serve their existing and potential
U.S. investors by providing easier access to their financial
disclosure and increased trading transparency.
Today, OTCQX stands 200 companies strong with a combined market
capitalization over $1 Trillion. The
OTCQX tier has grown from 108 to 200 companies over the previous 12
months, adding global powerhouses such as AXA, BNP Paribas,
Deutsche Telekom AG, Repsol, and Zurich Financial Services Ltd., as
well as 70 TSX-listed Canadian companies and a number of
entrepreneurial U.S. companies. Equally impressive has been the
growth of the OTCQX Designated Advisor for Disclosure/Principal
American Liaison ("DAD/PAL") advisor community. Today, OTCQX
companies have access to a diverse pool of competing Investment
Banks, DR Banks, and Attorneys to choose from to meet their unique
advisory needs.
"We'd like to thank our first 200 OTCQX companies for sharing
our vision of a superior platform for OTC companies to provide
their investors with high quality information in an efficient
manner," stated Coulson. "OTCQX has become the most successful
innovation for OTC companies since NASDAQ was founded 40 years ago.
The rapid growth of OTCQX has proven the need for a transparent and
trusted alternative to the traditional U.S. exchange model."
OTCQX represents nearly 5 times the market cap of LSE AIM and
the TSX Venture combined, demonstrating its position as a leading
competitor in the global alternative marketplace space.
In 2010, OTCQX was the leader among alternative or entry level
markets, by average dollar volume per security. This indicates a
compelling demand for quality companies that provide transparency
to U.S. investors through financial disclosure.
|
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Marketplace
|
|
# of
Securities at December 31, 2010
|
|
2010 Dollar
Volume
(000'S)
|
|
Avg. Dollar
Volume per Security
|
|
OTCQX
|
|
159
|
|
$15,267,394
|
|
$96,021,346
|
|
LSE AIM
|
|
1,194
|
|
50,605,800
|
|
42,383,417
|
|
OTC Pink
|
|
5,954
|
|
95,736,805
|
|
16,079,410
|
|
TSX Venture
|
|
2,376
|
|
34,350,300
|
|
14,457,197
|
|
OTCBB
|
|
2,896
|
|
19,716,810
|
|
6,808,291
|
|
|
|
|
|
|
|
|
|
|
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. In 2010, securities on
OTC Link traded over $144 billion in
dollar volume, making it the third largest U.S. equity trading
venue after NASDAQ and the New York Stock Exchange. We categorize
the wide spectrum of OTC-traded companies into three tiers - OTCQX
(the quality-controlled marketplace for investor friendly
companies), OTCQB® (the U.S. reporting company marketplace for
development stage companies), and OTC Pink™ (the speculative
trading 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.
About Danone
One of the fastest-growing food companies in the world, Danone
is present in over 120 countries on five continents. Its mission is
to bring health through food to as many people as possible. In 2010
Danone had more than 160 production plants and around 100,000
employees, generating sales of Euro 17
billion, of which half were in emerging markets. The group
holds top positions in healthy food through four businesses: it
ranks no. 1 worldwide in Fresh Dairy Products, no. 2 in Bottled
Water and Baby Nutrition, and is Europe's no. 1 Medical Nutrition company.
Listed on Euronext Paris, Danone is a component stock of leading
social responsibility indexes including the Dow Jones
Sustainability Indexes DJSI Stoxx and DJSI World, ASPI Eurozone and
the Ethibel Sustainability Index.
SOURCE OTC Markets Group Inc.