Business
Ambient Water Approved for Trading on OTCQB Marketplace
Ambient Water Approved for Trading on OTCQB Marketplace.
About this update from Japan Food Tech Holdings, Inc.
[{"type":"text","content":"\n \n \n Ambient Water Approved for Trading on OTCQB Marketplace\n \n \nAmbient Water Approved for Trading on OTCQB Marketplace\n\nDeveloper of Atmospheric Water Generation Technologies One of the First 100 Companies Verified to Join the Venture Marketplace for Entrepreneurial and Developmental Stage Companies\n\n \n SPOKANE, WA--(Marketwired - Oct 14, 2014) - Ambient Water (OTCQB: AWGI), a leading provider of atmospheric water generation systems for extracting water from humidity in the air, today announced that the company has been named one of the first 100 verified OTCQB companies approved since the OTC Markets Group announced new standards and eligibility requirements in March of this year. \n The new standards and compliance requirements announced earlier this year were put in place to allow more transparency between companies and their investors. To be eligible to trade on OTCQB, companies must maintain reporting to a U.S. or foreign regulator, pass a minimum bid test of one penny ($0.01), and provide annual insight into the company's insiders, advisors, and share count. Companies also may not be in bankruptcy or reorganization, and must be approved for trading within 120 days post their Fiscal Year End.\n \"We are thrilled to be among the first companies approved for the OTCQB under the new requirements, and excited to provide additional transparency sought by investors,\" said Keith White, Founder and CEO of Ambient Water. \"We are excited for both our company and our shareholders as we continue moving toward our goals of providing clean water to both consumers and commercial industries via our innovative atmospheric water generation technology.\"\n The first 100 verified OTCQB companies come from a variety of different industries, including biotechnology, media, technology, natural resources (mining, oil/gas), food, and consumer products. Of the 100, 91 are headquartered in the United States, 66 were approved to continue trading on OTCQB, 30 were upgraded from OTC Pink, and one joined from NASDAQ. The verified 100 have a total median market capitalization of $11.4 million.\n Ambient Water's patented atmospheric water generation technology literally makes water out of thin air, transforming humidity into an abundant source of clean water near the point of use. With multiple systems already commercially available or in d...