NEW YORK, June 30, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that LX Ventures Inc. (TSX-V: LXV; OTCQX: LXVTF), a technology startup accelerator, has qualified to trade on OTCQX®, the best marketplace.
LX Ventures begins trading today on OTCQX under the symbol "LXVTF." U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased to welcome LX Ventures, Canada's first Silicon Valley-style technology accelerator, to OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "LX's track record and expertise in acquiring, integrating and accelerating early stage high-growth technology companies embodies the ambitious drive of companies on our best marketplace. We look forward to working with LX Ventures and its management team for many years to come."
"Joining OTCQX is a natural step in the growth of LX Ventures," commented Mike Edwards, President and CEO of LX Ventures. "Our primary focus is developing our social media platform Mobio INsider. Currently a majority of our users are U.S. based and we look to expand our sales and marketing efforts in this region. With this new access, we are excited to start increasing our market visibility and sharing our vision with a larger audience of U.S. investors."
Merriman Capital, Inc. serves as LX Ventures' Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
LX Ventures is a publicly-traded technology accelerator that acquires and accelerates high- growth technology companies. LX Ventures is primarily focused on the development of Mobio INsider, a fan-directed social media platform that allows influencers to monetize high rates of fan engagement. The company also operates Strutta, a converged social promotions platform.
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; OTCQB®, The Venture Stage Marketplace; and OTC Pink®, The 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.
SOURCE OTC Markets Group Inc.