FLYHT Aerospace Solutions Begins Trading on OTCQX®
NEW YORK, June 24, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that FLYHT Aerospace Solutions Ltd. (TSX-V: FLY; OTCQX: FLYLF), a provider of products and services to the aviation industry, has been approved to trade on OTCQX®, the best marketplace with qualified companies.
FLYHT begins trading today on OTCQX under the symbol "FLYLF." U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased to welcome FLYHT to OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "FLYHT joins the many established international companies that have chosen OTCQX to provide their U.S. investors with transparent trading and convenient, timely access to their news and disclosure. We look forward to working with FLYHT's management team as they celebrate many more milestones to come."
"Upgrading to OTCQX was a logical step for FLYHT to increase accessibility for our shareholder base in the U.S.," said Bill Tempany, CEO of FLYHT. "As part of the international aviation community, it makes sense to open our doors for investment outside of Canada and make investment in FLYHT easier for U.S. investors."
Troutman Sanders LLP serves as FLYHT's Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements and U.S. federal securities laws.
About FLYHT Aerospace Solutions Ltd.
FLYHT provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The Company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real time. If an aircraft encounters an emergency, FLYHT's triggered data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. The Dragon is FLYHT's latest product, a revolutionary light weight portable satellite communications device that blends existing FLYHT technology with that of the iPad.
AFIRS, UpTime, the Dragon, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.
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; OTCQB®, The Venture Stage Marketplace; and OTC Pink®, The Open Marketplace. 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.