NEW YORK, Aug. 10, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM) is pleased to congratulate SITO Mobile, Ltd., provider of a mobile location-based advertising platform, on its NASDAQ listing. Prior to joining NASDAQ, SITO Mobile traded on the OTCQB® Venture Market.
Since the beginning of the year on OTCQB, SITO Mobile's share price has increased more than 92% and its average daily dollar volume has increased more than 76%.
"We are happy to congratulate SITO Mobile on its graduation to NASDAQ from the OTCQB Venture Market," said Jason Paltrowitz, Executive Vice President- Corporate Services of OTC Markets Group. "Trading on OTCQB enables growing companies like SITO Mobile to access the public capital markets and attract new investors as they grow their businesses for the long-term. We are proud to have contributed to SITO Mobile's growth story and wish the company and its management team continued success as they take this next step."
"We want to thank OTCQB for providing a direct channel to our shareholders for the past several years. Through them, we have been able to maintain a high level of transparency with our audience on all the significant business and financial developments we've been making. With our NASDAQ listing, we continue to build on this momentum and expect to have more positive news to share as we move forward," said Jerry Hug, CEO of SITO Mobile.
OTC Markets Group is the global leader in exchange graduates, advancing 83 companies to the New York Stock Exchange, NASDAQ and NYSE MKT in 2014. More than 400 additional companies have graduated from the marketplaces in the past four years.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial markets 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 markets to inform investors of opportunities and risks: the OTCQX® Best Market; the OTCQB® Venture Market; and the OTC Pink® Open Market. 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 markets, visit www.otcmarkets.com.
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