NEW YORK, Feb. 19, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that CVSL Inc. (OTCQX: CVSL), a holding company for the acquisition of multiple businesses in the global micro-enterprise industry, has been approved to trade on OTCQX®, the best marketplace with qualified companies.
CVSL begins trading today on OTCQX U.S., a segment of the OTCQX marketplace reserved for high-quality U.S. companies that meet financial standards and provide timely news and disclosure to investors. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We welcome CVSL to the OTCQX marketplace," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Led by John Rochon and a board with deep expertise in the micro-enterprise/direct selling industry, including at Mary Kay, Avon and The Longaberger Company, CVSL exemplifies the world-class U.S. companies trading on OTCQX. We look forward to working with CVSL's management team as they continue to grow the company's visibility with U.S. investors."
"In less than a year, seven micro-enterprise companies have already come into the CVSL family. Our strategy is working and we are building a strong foundation for growth of our social commerce network of networks," said John Rochon, CVSL's Chairman. "Moving up to OTCQX is another important step for us as we execute our global strategy in this exciting sector. We believe this will help us tell our story more widely within the investment community."
Gracin & Marlow, LLP serves as CVSL's Designated Advisor for Disclosure ("DAD") on OTCQX, responsible for providing professional guidance on OTCQX requirements and U.S. securities laws.
CVSL is a growing group of micro-enterprise companies that connect social media networks into an ever-expanding virtual "community" of social commerce. CVSL companies currently include The Longaberger Company, a 40-year old maker of hand-crafted baskets and other home decor items; Your Inspiration At Home, an award-winning maker of hand-crafted spices and other gourmet food items from around the world; Tomboy Tools, a direct seller of tools designed for women as well as home security systems; and Agel Enterprises, a global seller of nutritional products in gel form as well as a skin care line sold under the Ageless™ brand, operating in 40 countries; Paperly, which offers a line of custom stationery and other personalized products; and My Secret Kitchen, a U.K.-based seller of gourmet food products. In addition, CVSL and Golden Girls, a purchaser of gold and tradable jewelry, have signed a definitive purchase agreement, which is subject to customary closing conditions.
CVSL will trade in the U.S. on OTCQX under the symbol "CVSL."
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.