NEW YORK, Oct. 19, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial markets, today announced Precision Auto Care, Inc. (OTCQX: PACI), a world leading franchisor of auto care centers, has qualified to trade on the OTCQX® Best Market.
Precision Auto Care begins trading today on OTCQX under the symbol "PACI." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"Precision Auto Care has been taking care of cars and the people who depend on them for nearly 40 years, offering quality service, value and convenience," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "We are thrilled to welcome the company to our OTCQX Best Market and look forward to supporting its continued growth and success."
Precision Auto Care's President and CEO Robert Falconi said, "PACI is pleased to have achieved OTC Markets Group's requirements for its premier securities market and as a consequence, to be able to upgrade to OTCQX today, joining the other prestigious companies trading on the OTCQX Best Market. This will provide our shareholders with a more efficient and transparent platform to follow PACI's progress in the market."
Burns Figa & Will PC serves as Precision Auto Care's Designated Advisor for Disclosure ("DAD") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
Precision Auto Care franchises the operation of Precision Tune Auto Care service centers, owns and operates Precision Tune Auto Care centers, and provides products and services to the system of Precision Tune Auto Care Centers. Centers offer automotive products and services to the public, including the diagnosis, maintenance and repair of ignition systems, fuel systems, computerized engine control systems, cooling systems, starting/charging systems, emissions control systems, engine drive train systems, electrical systems, air conditioning systems, oil and other fluid systems, and brake systems.
About OTC Markets Group
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial markets 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 markets to inform investors of opportunities and risks: the OTCQX® Best Market; the OTCQB® Venture Market; and the OTC Pink® Open Market. 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 markets, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, [email protected]
SOURCE OTC Markets Group Inc.