NEW YORK, June 3, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced Sono-Tek Corp. (OTCQX: SOTK), a world leader in ultrasonic spray system technology, has qualified to trade on the Premier tier of the OTCQX® Best Marketplace.
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Sono-Tek begins trading today on OTCQX U.S. Premier under the symbol "SOTK." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"Sono-Tek has been revolutionizing the field of ultrasonic spray systems for 40 years, developing new, environmentally-friendly applications for use in everything from drug eluting cardiac stents and medical devices to printed circuit boards to fuel cells, solar cells, architectural and automotive glass," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "We are thrilled to welcome Sono-Tek to our family of investor-focused OTCQX companies and look forward to supporting the company in its continued growth."
Commenting on Sono-Tek's move, Stephen J. Bagley, Chief Financial Officer, stated, "We are extremely happy to upgrade to OTCQX U.S. Premier, where our company stock will now be traded. The move to OTCQX is further evidence that Sono-Tek's sales growth and profitable results are paying off due to the qualification requirements that must be met to trade on OTCQX. In addition, our shareholders and potential shareholders should find it easier to trade and hold our stock through the institutional, retail and online broker of their choice.
"The move to OTCQX could not have come at a better time. The company recently announced its goal of growing revenues to $20,000,000 by 2020, based on the creation of a New Product Development Team to augment its current market and product development staffing. It is also seeing the potential for its food industry segment to grow at a faster pace as the industry becomes more sensitive to the consequences of food borne illnesses," said Bagley.
Burns, Figa & Will, P.C. serves as Sono-Tek's Designated Advisor for Disclosure ("DAD") on OTCQX, responsible for providing professional guidance on OTCQX requirements and U.S. securities laws.
Sono-Tek is a world leader in ultrasonic atomizing nozzle systems for applying precise, thin film coatings. Major industries utilizing the company's ultrasonic nozzle systems include electronics - printed circuit board fluxing, medical nanocoatings such as implantable device coatings onto stents, catheters, balloons and pacemakers, fuel cell PEMs, thin film solar cells, phosphoric doping, anti-reflection coatings, CIGs, float glass coatings, pan release coatings for commercial baking, spray drying, carbon nanotube suspensions, and any other spray application requiring uniform deposition with minimal overspray.
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 inform investors of opportunities and risks: the OTCQX® Best Marketplace; the OTCQB® Venture Marketplace; and the OTC Pink® 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.
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Media Contact:
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, [email protected]
SOURCE OTC Markets Group Inc.
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