NEW YORK, Dec. 31, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial markets, today announced Smith-Midland Corp. (OTCQX: SMID), a leading manufacturer and installer of precast concrete products, has qualified to trade on the OTCQX® Best Market.
Smith-Midland begins trading today on OTCQX under the symbol "SMID." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"Since its foundation in 1960, Smith-Midland has been a pioneer in the precast concrete market, developing new patented products that have become the industry standard since their introduction," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "We are proud to welcome this innovative company to the OTCQX market and look forward to supporting their continued growth and success."
"We are pleased to be traded among the top 5% of companies on the OTCQX market. The OTCQX market consists of 486 securities of the 9,853 currently traded securities on the over-the-counter ("OTC") markets; of these 486 securities, Smith-Midland is in the OTCQX U.S. Premier tier of which there are only 98 securities. The OTCQX market is for established, investor-focused U.S. and global companies that have met high financial standards, are current in their disclosure and are sponsored by a professional third-party advisor. The companies found on OTCQX are distinguished by the excellence of their operations and diligence with which they convey their qualifications. The Board of Directors and management of Smith-Midland have worked diligently to increase the value of our stock for our investors. We anticipate that reaching OTC Markets Group's highest level of financial and compliance requirements will increase our visibility and allow us to attract more shareholders from a broader investment community," stated Rodney I. Smith, Chairman and CEO of Smith-Midland Corp.
Moomjian, Waite & Coleman, LLP serves as Smith-Midland's Designated Advisor for Disclosure ("DAD") on OTCQX, responsible for providing professional guidance on OTCQX requirements and U.S. securities laws.
Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation and utilities industries.
About OTC Markets Group Inc.
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.
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