Business
OTC Markets Group Welcomes Elio Motors to OTCQX
OTC Markets Group Welcomes Elio Motors to OTCQX.
About this update from Elio Motors Inc
[{"type":"text","content":"\n\n\n\nOTC Markets Group Welcomes Elio Motors to OTCQX\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nOTC Markets Group Welcomes Elio Motors to OTCQX\nStart-up vehicle manufacturer is the 1st company to go public on OTCQX under JOBS Act Regulation A+\nPR Newswire\nNEW YORK, Feb. 19, 2016\n\n\n\nNEW YORK, Feb. 19, 2016 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Elio Motors Inc. (OTCQX: ELIO), developer of the Elio, a revolutionary new high-mileage, three-wheeled vehicle, has been approved to trade on the OTCQX® Best Market.  \n\nElio Motors begins trading today on OTCQX under the symbol \"ELIO.\"  U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.\n\n\"We are proud to welcome Elio Motors, the first company to raise capital online and go public on OTCQX under the JOBS Act Regulation A+,\" said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group.  \"OTC Markets Group welcomes innovators and entrepreneurs and is proud to offer the market of choice for the new generation of crowdfunded capital raisings.  We look forward to seeing Elio Motors grow its business and its visibility with investors.\"\n\n\"This is an important day for Elio Motors, our reservation holders, fans and investors, and we are thrilled to see the ELIO symbol on the OTCQX,\" said Paul Elio, founder and CEO of Elio Motors.  \"OTC Markets Group provides a valuable service to organizations and investors and is truly an important engine in the American economy.  We look forward to having our stock trade here as we continue to build a great American success story.\"\n\nWR Hambrecht + Co, www.wrhambrecht.com, serves as Elio Motors' capital markets advisor and Designated Advisor for Disclosure (\"DAD\"), responsible for providing professional guidance on OTCQX requirements, U.S. securities laws, and corporate finance strategy.\n\nFounded by car enthusiast Paul Elio in 2009, Elio Mo...