Kinbasha Gaming International Begins Trading on OTCQX(R)
NEW YORK, Feb. 19, 2012 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Kinbasha Gaming International, Inc. (OTCQX: KNBA), an owner and operator of retail gaming centers in Japan, has chosen to trade on OTCQX(R), the qualified OTC marketplace with the highest financial standards and third-party sponsorship. Kinbasha is the first SEC-reporting company with a majority of its operations in Japan to join OTCQX.
Kinbasha will begin 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 are pleased to have Kinbasha join our OTCQX marketplace," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Companies trading on OTCQX demonstrate their commitment to providing superior information to investors and maintaining the highest quality standards."
"Kinbasha is proud to join OTCQX," Masatoshi Takahama, CEO of Kinbasha Gaming International. "The OTCQX marketplace enables us to provide our investors transparent trading and easy access to information to better understand and value our securities. We view this as a crucial step in our mission to drive awareness for our company in the U.S. capital markets and provide long-term value to our shareholders."
Brean Capital, LLC will serve as Kinbasha's Designated Advisor for Disclosure ("DAD") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
Based in Hitachi City, Japan, Kinbasha is a retail gaming company that operates 21 pachinko parlors in the Japanese prefectures of Ibaraki, Tokyo and Chiba. For more than 50 years, the company's retail gaming establishments have offered customers the opportunity to play the games of chance known as pachinko and pachislo. Pachinko is played on a device which resembles a vertical pinball machine and pachislo is played on a machine that resembles a western style slot machine. Pachinko and pachislo are collectively ranked as Japan's largest leisure activity.
Kinbasha now trades in the U.S. on OTCQX under the symbol "KNBA."
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(R) 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(R) - The Intelligent Marketplace for the Best OTC Companies; OTCQB(R) - The Venture Marketplace; and OTC Pink(R) - 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, visitwww.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC registered ATS.
SOURCE OTC Markets Group Inc.