NEW YORK, March 10, 2011 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), the financial information and technology services company that provides the world's largest electronic marketplace for broker-dealers to trade unlisted stocks, today announced that China Health Labs & Diagnostics Ltd. (TSX.V: CHO; OTCQX: CHLBF), a leading lab solution provider for the public healthcare industry in China, is now trading on the OTC market's highest tier, OTCQX®.
China Health Labs & Diagnostics began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.
"OTCQX provides the highest level of visibility and access to U.S. investors possible in the OTC marketplace," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome China Health Labs & Diagnostics to OTCQX."
Berenbaum Weinshienk PC will serve as China Health Labs & Diagnostics' Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements and compliance with U.S. securities laws.
About China Health Labs & Diagnostics Ltd.
China Health Labs & Diagnostics Ltd. (TSX.V: CHO; OTCQX: CHLBF) trades in the United States on OTCQX under the symbol "CHLBF". China Health Labs & Diagnostics Ltd. is a leading lab solution provider for the public healthcare industry in China. Its total lab solution encompasses the development, manufacture and distribution of medical diagnostic equipment, medical reagents, consumables, and lab information system software.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. Our OTC Link™ platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange. We categorize the wide spectrum of OTC-traded companies into three tiers - OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies), and OTC Pink™ (the speculative trading marketplace) - so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.
SOURCE OTC Markets Group Inc.