Business
OPTEC International (OPTI) Announces Upgrade to OTCQB Trading Platform
CARLSBAD, CA / ACCESSWIRE / July 31, 2018 / OPTEC International, Inc. ( OTCQB: OPTI ), a l...
About this update from Optimi Health Corp.
[{"type":"text","content":"OPTEC International (OPTI) Announces Upgrade to OTCQB Trading PlatformCARLSBAD, CA / ACCESSWIRE / July 31, 2018 / OPTEC International, Inc. (OTCQB: OPTI), a leading worldwide provider of green technologies, today announced the company stock has commenced trading to the upgraded OTCQB Venture Market (\"OTCQB\") platform.\"Uplisting to the OTCQB is a significant step forward for OPTEC International,\" said Peter Sollenne, CEO of OPTEC International. \"We are very pleased to be trading on the OTCQB as it will provide our shareholders with greater transparency and liquidity in our common stock. We believe this will instill our shareholders with even greater confidence in the information we publicly disclose each quarter.\"Mr. Sollenne continued, \"Meeting the increased compliance and disclosure requirements of the OTCQB market demonstrates OPTEC's commitment to accountability and transparency. We hope that trading on this established public market will help to provide a more stable trading platform and exposure for OPTEC to additional institutional investors.\"The OTCQB is considered by the U.S. Securities and Exchange Commission (SEC) as an \"established public market\" for the purpose of determining the public market price when registering securities for resale with the SEC. The OTC Pink platform is not considered as such and most broker-dealers will not trade or recommend OTC Pink stocksBecause the OTCQB dramatically increases transparency, reporting standards, management certification and compliance requirements, the majority of broker-dealers trade stocks on the OTCQB. Historically, this has resulted in improved liquidity and awareness for companies that ascend to the OTCQB tier. The OTCQB is a venture market designed for early-stage and developing US and international companies.OPTEC International has continued to make advances in becoming a worldwide provider of green technologies. Last month, the company announced the expansion of the exclusive International Distribution agreement to Worldwide Exclusive Distributor of the OPTEC Fuel Maximizer product lines. Additionally, the company also established the OPTEC™ Power Generation Division as a key part of the company’s strategic expansion plans.The OPTEC™ Fuel Maximizer is a proprietary patented \"plug-and-play\" technology designed for use in modern, compu...