NEW YORK, Nov. 21, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Wheels Group, Inc. (OTCQX: WGIJF; TSX.V: WGI), a leading North American third-party logistics ("3PL") provider, has been approved to trade on OTCQX®, the best marketplace with qualified companies.
Wheels began trading today on OTCQX International, a segment of the OTCQX marketplace reserved for high-quality non-U.S. companies that are listed on a qualified international exchange, undergo management reviews and provide their home country disclosure to U.S. investors. U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"As one of North America's leading third-party supply chain logistics providers, Wheels exemplifies the reputable companies on the OTCQX marketplace," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "We are thrilled Wheels has chosen to trade on OTCQX and look forward to working with its management team as it seeks to increase the company's visibility with U.S. investors."
"We expect trading on OTCQX to provide U.S. investors with enhanced access to trading in our common shares which should allow us to further diversify our shareholder base," said Doug Tozer, CEO of Wheels.
Dorsey & Whitney LLP will serve as Wheels' Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements and U.S. securities laws.
Founded in 1988, Wheels is a leading North American 3PL, supply chain logistics provider. As a non-asset provider, the company develops advanced supply chain solutions delivered through its qualified partner network of over 6,000 truck, rail, air and ocean carriers. Wheels serves consumer goods, food and beverage, manufacturing and retail clients through 26 offices throughout the US and Canada. Wheels has been named one of Canada's 50 Best Managed Companies since 1997, Platinum since 2003. Wheels has been named one of North America's Top 100 Third-Party Logistics ("3PL") Companies, one of the Top 100 Food 3PL's and one of the Top Five IMC's (intermodal marketing companies).
Wheels trades in the U.S. on OTCQX under the symbol "WGIJF."
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 with Qualified Companies; OTCQB®, The Venture Stage Marketplace with U.S. Reporting Companies; and OTC Pink®, The Open Marketplace with Variable Reporting Companies. 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.