NEW YORK, Sept. 12, 2013 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of Open, Transparent and
Connected financial marketplaces, today announced that TransForce
Inc. (OTCQX: TFIFF; TSX: TFI), a North American leader in the
transportation and logistics industry, has been approved to trade
on OTCQX®, the best marketplace with qualified companies.
(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO
)
TransForce began trading today on OTCQX International Premier, a
segment of the OTCQX marketplace reserved for world-leading
non-U.S. companies that are listed on a qualified international
exchange, undergo management reviews and provide their home country
disclosure to U.S. investors. U.S. investors can find current
financial disclosures and Real-Time Level 2 quotes for the company
on www.otcmarkets.com.
"We are pleased to welcome TransForce to the OTCQX marketplace,"
said R. Cromwell Coulson, President
and CEO of OTC Markets Group. "OTCQX provides qualifying
companies like TransForce the ability to distinguish themselves in
the U.S. market and increase their visibility with traders,
investors, analysts and the media through high-quality disclosure,
transparent trading and ease of access to company
information. We look forward to supporting the management
team at TransForce as they continue to grow the company and provide
a robust public market for their shares."
"Upgrading to OTCQX is the right move for TransForce and
demonstrates our commitment to providing our U.S. investors
convenient access to the same timely news and information enjoyed
by investors in our home market," said Alain Bedard, Chairman of the Board, President
and CEO of TransForce.
Cowen and Company, LLC will serve as TransForce's Principal
American Liaison ("PAL") on OTCQX, responsible for providing
professional guidance on OTCQX requirements.
TransForce is a North American leader in the transportation and
logistics industry. Operating across Canada and the
United States through its subsidiaries, TransForce creates
value for shareholders by identifying strategic acquisitions and
managing a growing network of wholly-owned, operating subsidiaries.
Under the TransForce umbrella, companies benefit from
corporate financial and operational resources to build their
businesses and increase their efficiency.
TransForce companies service the following segments: Package and
Courier; Less-Than-Truckload; Truckload, specialized truckload and
dedicated services; Specialized Services, which includes services
to the energy sector, waste management, logistics and ancillary
transportation services.
TransForce trades in the U.S. on OTCQX under the symbol
"TFIFF."
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 with
Qualified Companies; OTCQB®, The Venture Stage Marketplace with
U.S. Reporting Companies; and OTC Pink®, The Open Marketplace with
Variable Reporting Companies. 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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SOURCE OTC Markets Group Inc.