OTCQX Reaches 200 CompaniesBy Otc Markets Group Inc., PRNE
Thursday, May 5, 2011
Danone Joins OTCQX as Market Capitalization Exceeds $1 Trillion
NEW YORK, May 6, 2011 - OTC Markets Group Inc. (www.otcmarkets.com/stock/128054/quote)
(OTCQX: OTCM), the company that operates the world's largest electronic
marketplace for broker-dealers to trade unlisted stocks, announced today that
Danone (www.otcmarkets.com/stock/DANOY/quote) (OTCQX: DANOY) has
joined OTCQX(R), 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: photos.prnewswire.com/prnh/20110118/MM31963LOGO )
"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
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
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.
# of Securities 2010 Dollar Avg. Dollar at December 31, Volume Volume per Marketplace 2010 (000'S) 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. (www.otcmarkets.com/stock/128054/quote)
(OTCQX: OTCM) operates the world's largest electronic marketplace for
broker-dealers to trade unlisted stocks. Our OTC Link(TM) 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(R) (the U.S. reporting company marketplace for development stage
companies), and OTC Pink(TM) (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.
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.
Grace Keith, OTC Markets Group Inc., +1-212-896-4428, grace at otcmarkets.com
Tags: May 6, New York, Otc Markets Group Inc.