Jun 29, 2015, 07:00 ET
NEW YORK, June 29, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced Mill City Ventures III, Ltd. (OTCQX: MCVT), a business development company that invests in the equity and debt of startup companies, has qualified to trade on the OTCQX® Best Marketplace for established, global and growth companies.
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Mill City Ventures III begins trading today on OTCQX under the symbol "MCVT." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"Mill City Ventures III is helping foster the growth of small companies while offering its investors exciting early-stage investment opportunities," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "We are pleased to welcome Mill City Ventures III to the OTCQX marketplace and look forward to supporting the company in its continued growth."
"We are pleased to have our stock on the OTCQX marketplace," stated Douglas Polinsky CEO of Mill City Ventures III, Ltd. "Our upgrade to OTCQX is our commitment to deliver greater value to our shareholders and better position the company to institutional and retail investors."
Maslon LLP serves as Mill City Ventures III's Designated Advisor for Disclosure ("DAD") on OTCQX, responsible for providing professional guidance on OTCQX requirements and U.S. securities laws.
Mill City Ventures III is a business development company which typically invests in the debt and equity of small startup and growing businesses. The company's goal is to achieve above market returns for its investors while working diligently to mitigate its investor risk. In addition, it provides the management of portfolio companies with advice with regard to operations and finance.
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 inform investors of opportunities and risks: the OTCQX® Best Marketplace; the OTCQB® Venture Marketplace; and the OTC Pink® 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.
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Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, [email protected]
SOURCE OTC Markets Group Inc.
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