- Provides additional liquidity and increases access for US
based investors -
TORONTO,
Jan. 4, 2012 /PRNewswire/ -
Innovative Composites International Inc. (TSXV: IC), (OTCQX:
ICIZF), ("ICI" or the "Company"), a producer of patented protected
composite products targeting the multi-billion dollar housing and
transportation markets, announced that it will begin to trade on
the OTC markets' OTCQX International Tier today under the symbol
ICIZF.
"OTCQX International provides US investors with
direct access to a trading platform that has a strong reputation
for providing US investors with improved liquidity, transparency,
superior information, and easy access through their US regulated
broker-dealers," said Terry Ball,
CEO of ICI. "As the majority of our current and near-term
production will be based in the US, it is only natural that we have
a strong US presence."
ICI began trading today on the OTC market's
highest tier, the OTCQX International. Investors can find
current financial disclosure and Real-Time Level 2 quotes for the
Company on www.otcqx.com and www.otcmarkets.com.
Hodgson Russ LLP will serve as ICI's Principal
American Liaison ("PAL") on OTCQX, responsible for providing
guidance on OTCQX requirements.
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 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 Innovative Composites International Inc.
Headquartered in Toronto, Canada, Innovative Composite
International Inc. (TSX-V: IC; OTCQX: ICIZF) is a high-tech
engineering and manufacturing company that is successfully
commercializing a patent protected line of state-of-the-art
composite products targeted at the multi-billion dollar
transportation and affordable housing markets.
Led by a team of commercialization experts ICI
has adopted a tier two business model: It designs and
manufactures game-changing products and partners with established
companies in its target markets to utilize their sales channels for
faster product roll-out.
This strategy and the superior characteristics
of the products have resulted in rapidly growing sales in both
markets and opened up opportunities that could lead to large scale
contracts on an ongoing basis.
To find out more about ICI please visit our
website at: www.innovativecompositesinc.com.
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Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
"Statements made in this press release
include forward-looking statements that involve a number of risks
and uncertainties. These statements relate to future events or
future performance and reflect management's current expectations
and assumptions. A number of factors could cause actual events,
performance or results to differ materially from the events,
performance and results discussed in the forward-looking
statements, such as the economy, generally, competition in its
target markets, the demand for ICI's products and the availability
of funding. These forward-looking statements are made as of the
date hereof and ICI does not assume any obligation to update or
revise them to reflect new events or circumstances. Actual events
or results could differ materially from ICI's expectations and
projections."
SOURCE Innovative Composites International Inc.