CIBT Education Group Begins Trading on OTCQX®
NEW YORK, May 7, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that CIBT Education Group, Inc. (OTCQX: CIBTF; TSX: MBA), an education management company focused on the global education market, has chosen to trade on OTCQX®, the best OTC marketplace with qualified companies. CIBT Education Group voluntarily delisted its shares from the NYSE MKT stock exchange, effective May 6, 2013.
CIBT Education Group began trading today on OTCQX International, a segment of the OTCQX marketplace reserved for high-quality non-U.S. companies listed on a qualified stock exchange in their home country. U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased CIBT has chosen to trade on OTCQX International, the best OTC marketplace for global companies that meet the highest financial and disclosure standards," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "With OTCQX, CIBT can continue to provide its U.S. investors with the same high-quality disclosure, transparent trading and access to company information they are used to as they transition from NYSE MKT."
"Trading on OTCQX will enable us to provide our U.S. investors with timely news and information to help them better analyze, value and trade our securities," said Toby Chu, President, CEO and Vice Chairman of CIBT Education Group.
Dorsey & Whitney LLP will serve as CIBT Education Group's Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements and U.S. securities laws.
CIBT Education Group is an education management company focused on the global education market. CIBT owns and operates a network of business, technical, and language colleges and has cooperative joint programs and representative offices in 18 countries. Its wholly owned college subsidiaries include Sprott-Shaw College, Acsenda School of Management, King George International College and CIBT School of Business in China.
CIBT Education Group trades in the U.S. on OTCQX under the symbol "CIBTF."
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to better inform investors of opportunities and risks – OTCQX®, The Best Marketplace with Qualified Companies; OTCQB®, The Venture Stage Marketplace with U.S. Reporting Companies; and OTC Pink®, The Open Marketplace with Variable Reporting Companies. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
SOURCE OTC Markets Group Inc.