NEW YORK, July 12, 2011 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), the company that operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks, today announced that Imperial Petroleum, Inc. (OTCQX: IPMN), an energy company with operations in bio-fuels and oil and natural gas production, is now trading on the OTC market's highest tier, OTCQX®.
Imperial Petroleum began trading today on the OTC market's prestigious tier, OTCQX U.S. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.
"Investors prefer the quality-controlled admission process on OTCQX which identifies the segment of OTC companies focused on valuation and transparency," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Imperial Petroleum to OTCQX."
Rodman & Renshaw, LLC will serve as Imperial Petroleum's Designated Advisor for Disclosure ("DAD") on OTCQX, responsible for providing guidance on OTCQX requirements.
About Imperial Petroleum, Inc.
Imperial Petroleum, Inc. (OTCQX: IPMN) trades in the United States on OTCQX under the symbol "IPMN". Imperial Petroleum, Inc., a Nevada corporation ("the Company"), is a diversified energy company headquartered in Evansville, Indiana. The Company is engaged in three principal areas of energy production: (i.) biodiesel and biofuels production; (ii.) traditional oil and gas exploration and production and (iii.) non-traditional oil production of heavy oil from mineable tar sands.
About Rodman & Renshaw, LLC
Rodman & Renshaw, LLC is a full-service investment bank committed to fostering the long-term success of growth companies through capital raising, sales and trading, strategic advisory and insightful research. Rodman & Renshaw is a recognized leader in arranging private investments in small-cap and mid-cap public companies. The Firm has two core operating segments – capital markets and merchant banking. Over the past nine years, Rodman & Renshaw has raised billions of dollars in capital for public companies. The Firm has dedicated investment banking groups with proven track records in the health care, biotechnology, energy, metals & mining sectors, community & regional bank and technology sectors.
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 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.