NEW YORK, April 10, 2017 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Loop Industries, Inc. (OTCQX: LLPP), an environmentally responsible manufacturer of Purified Terephthalic Acid and Ethylene Glycol, has qualified to trade on the OTCQX® Best Market. Loop Industries upgraded to OTCQX from the OTCQB® Venture Market.
Loop Industries begins trading today on OTCQX under the symbol "LLPP." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased to welcome Loop Industries to the OTCQX market," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "Upgrading to OTCQX from OTCQB will enable Loop Industries to demonstrate the company's financial and operating qualifications and to provide a transparent, shareholder-friendly trading experience for investors."
"Loop Industries trading on the OTCQX market is a strong confirmation of the quality of our company, management team and growth value," said Daniel Solomita, CEO of Loop Industries. "We continue to seek to enhance stockholder value, and as we continue to execute on our business strategy, we believe that trading on OTCQX will help drive liquidity, broaden our existing stockholder base, and elevate the visibility of the company's investment proposition among new investors."
Loop Industries was sponsored for OTCQX by Law Offices of Thomas E. Puzzo, PLLC, a qualified 3rd party firm responsible for providing guidance on OTCQX requirements and recommending membership.
Loop Industries is an environmentally responsible manufacturer of Purified Terephthalic Acid (PTA) and Ethylene Glycol (EG), the fundamental chemical components used in manufacturing polyethylene terephthalate (PET). PET plastic is most commonly found in beverage bottles, consumer packaging and polyester fiber. Loop Industries' proprietary process sustainably converts waste plastics into high purity PTA and EG that can be used to create up to 100 percent recycled food grade PET resin. This commercial grade PET resin can be used in a variety of bottling, consumer packaging and other industrial applications.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
OTC Markets Group Inc., +1 (212) 896-4428, email@example.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/otc-markets-group-welcomes-loop-industries-to-otcqx-300436604.html
SOURCE OTC Markets Group Inc.