DURHAM, N.C., Nov. 15, 2012 /PRNewswire/ -- EMRISE CORPORATION (OTCQB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that its shares are now trading on the OTCQB marketplace with the display of complete real-time Level 2 bid and ask price and size data. The real-time Level 2 data is being provided by EMRISE through its subscription to OTC Markets Group's Real-Time Level 2 Quote Display product. The Real-Time Level 2 Quote display will also be available to stockholders and potential investors on the Stock Quote page of the Investor Relations section of the EMRISE CORPORATION web site.
EMRISE shares trade on the OTCQB through OTC Markets Group's OTC Link® Alternative Trading System (ATS), and the shares no longer trade on the OTCBB quotation system. According to OTC Markets Group, over 900 publicly traded companies have recently moved from being dually quoted (OTCBB and OTC Link ATS) to being quoted exclusively on the OTC Link ATS platform.
Real-Time Level 2 Quotes displays the price and the number of shares available at that price for each broker-dealer's bid and ask quote, thereby providing stockholders and potential investors greater pricing and liquidity transparency than would otherwise be available.
Chairman and Chief Executive Officer Carmine T. Oliva said "Many market makers and broker-dealers prefer online electronic trading systems, such as the OTC Link ATS, over the telephone-based OTCBB system. Because of this we view EMRISE's move to the OTCQB marketplace as a positive change for our stockholders, especially with our addition of the Real-Time Level 2 Quote Display to the OTCQB price quotation for EMRISE shares on the OTC Markets website and on our Company website.
"We believe this will help make trading our stock more efficient, and it should also help attract greater investor interest due to the availability of transparent pricing information and a better indication of the potential available liquidity in our stock," Oliva added.
Shareholders and potential investors can now obtain detailed EMRISE trading information including real-time bid and ask quotes and Level 2 information at http://www.otcmarkets.com/stock/EMRI/quote. Other services will continue to display EMRISE's share price information and press releases.
The Real-Time Level 2 Quote display will also be available to stockholders and potential investors on the Stock Quote Page of the Investor Relations section of the EMRISE CORPORATION web site at http://www.emrise.com/investor_relations/stock_quote/index.htm.
For more information about OTC Markets Group, visit their web site at www.otcmarkets.com.
About EMRISE CORPORATION
EMRISE designs, manufactures and markets electronic devices, sub-systems and equipment for aerospace, defense, industrial and communications markets. EMRISE products perform key functions such as power supply and power conversion; radio frequency (RF) and microwave signal processing; and network access to public and private communications networks. The use of its network products in public and private, legacy and latest Ethernet and Internet Protocol (IP) networks is a primary growth driver for the Company's Communications Equipment business units. The use of its power supplies, RF and microwave signal processing devices and subsystems in on-board In-Flight Entertainment and Connectivity systems is a primary growth driver for the Company's Electronic Devices business units. EMRISE serves the worldwide base of customers it has built in North America, Europe and Asia through operations in the United States, England and France. For more information on EMRISE, go to www.emrise.com.
EMRISE common stock trades under the symbol EMRI on OTCQB, the venture marketplace for companies that are current in their reporting with a U.S. regulator. Investors can find Real-Time quotes and market information for EMRISE at www.otcmarkets.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
The matters discussed in this press release, including without limitation EMRISE's expectations that its move to the OTCQB marketplace is a positive change for its stockholders; will help make trading its stock more transparent and efficient; and should help attract greater investor interest due to the availability of transparent pricing information and a better indication of the potential available liquidity of the Company's stock; and other future-oriented matters are all forward looking statements within the meaning of the Private Securities Litigation Reform Act. The actual future results of EMRISE CORPORATION could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to, unforeseen technical issues, unexpected vendor or customer delays, and unexpected changes in the economic, political or overall business climate. The Company also refers you to those factors contained in the "Risk Factors" Section of EMRISE's Annual Report on Form 10-K for the year ended December 31, 2011, its Quarterly Reports on Form 10-Q, its Current Reports on Form 8-K filed in recent months, and other EMRISE filings with the SEC.
SOURCE EMRISE Corporation