NEW YORK, Aug. 7, 2013 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of Open, Transparent and
Connected financial marketplaces, today announced that Rainmaker
Systems, Inc. (OTCQX: RMKR), a recognized technology leader in the
rapidly emerging Cloud-based B2B e-Commerce market based in Silicon
Valley, has been approved to trade on OTCQX®, the best marketplace
with qualified companies.
(Logo:
http://photos.prnewswire.com/prnh/20110118/MM31963LOGO)
Rainmaker Systems will begin trading today on OTCQX U.S., a
segment of the OTCQX marketplace reserved for high-quality U.S.
companies that meet financial standards, undergo management reviews
and provide timely news and disclosure to investors.
Investors can find current financial disclosure and Real-Time Level
2 quotes for the company on www.otcmarkets.com.
"We are pleased Rainmaker Systems has chosen to upgrade to the
OTCQX marketplace," said R. Cromwell
Coulson, President and CEO of OTC Markets Group.
"OTCQX provides qualifying companies like Rainmaker Systems 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 Rainmaker Systems as they continue to grow
the company and provide a robust public market for their
shares."
"We believe that moving our common stock to OTCQX offers
significant benefit to existing and future Rainmaker Systems
shareholders. It underscores our commitment to providing investors
with timely news and information to help them better analyze, value
and trade our securities," said Mallorie
Burak, Chief Financial Officer of Rainmaker Systems,
Inc.
Scarsdale Equities LLC will serve as Rainmaker Systems'
Designated Advisor for Disclosure ("DAD") on OTCQX, responsible for
providing professional guidance on OTCQX requirements.
Rainmaker Systems is a B2B e-Commerce company that helps
organizations of all sizes, ranging from Fortune 500 enterprises to
small-to-medium-sized businesses, create new revenue streams from
segments of their customer base that extend beyond traditional
sales team capabilities. With its unique approach, Rainmaker
Systems delivers proprietary cloud-based e-Commerce technology,
global and localized sales-assist agents, and best-practice sales
and marketing expertise, allowing customers to discover and
monetize untapped revenue opportunities.
Rainmaker trades in the U.S. on OTCQX under the symbol
"RMKR."
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.
