NEW YORK, March 20, 2018 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, announced that Empire Stock Transfer Inc. has joined OTC Markets' Transfer Agent Verified Shares Program. This latest addition to our portfolio of leading transfer agents advances our mission to improve the availability and accuracy of share data for OTCQX®, OTCQB® and Pink® securities.
OTC Markets Group launched the Transfer Agent Verified Shares Program initiative with the goal of providing investors current and reliable share data on OTCQX, OTCQB and Pink securities. The program enables stock transfer agents to report their clients' share data, including authorized and outstanding shares, to OTC Markets Group on a regular basis via a secure, electronic file transfer.
Share data provided by transfer agents is displayed on www.otcmarkets.com alongside a "Verified" logo, indicating the information is reliable and trustworthy. This data is also disseminated through OTC Markets Group's market data feeds to investors and broker-dealers.
Currently, approximately 64% of US and Canadian companies trading on our OTCQX and OTCQB markets are represented by 16 participating transfer agents.
Both Empire and their software provider, Figtree Consulting, Inc., publisher of StockTrack shareholder accounting software, have been supportive of OTC Markets Group Transfer Agent Verified Shares program from its inception, working with us to build a solution that allows transfer agents to easily deliver data to OTC Markets Group.
"We are delighted to include Empire Stock Transfer as a participant in our Transfer Agent Verified Shares Program," said Liz Heese, Executive Vice President of Issuer and Information Services at OTC Markets Group. "Reliable share information helps public companies build credibility with investors. By partnering with transfer agents like Empire Stock Transfer and software providers such as Figtree Consulting, Inc., publisher of StockTrack, to provide verified data for their clients, we continue to engage other market participants to create better informed and more efficient financial markets."
"We understand that timely and accurate information is critical to investment decision-making," said Patrick Mokros, President, Empire Stock Transfer Inc. "Participation in the Transfer Agent Verified Shares Program will provide another avenue by which we disseminate current information for the benefit of our clients, their shareholders, the investing community, and the public."
Abby Rosenstein, President of Figtree Consulting, Inc. commented "We are happy to provide tools in StockTrack to assist transfer agents in providing verified financial information to OTC Markets. This helps to advance Figtree's mission to enable our commercial transfer agent and self-issuer clients to provide best of class services."
Transfer agents participating in the Program include:
Broadridge Financial Solutions, Inc.
Colonial Stock Transfer Co. Inc.
Continental Stock Transfer & Trust
Corporate Stock Transfer
Direct Transfer LLC
Empire Stock Transfer Inc.
Equity Stock Transfer
Island Stock Transfer
National Issuer Services, Inc.
Nevada Agency and Transfer Company
Olde Monmouth Stock Transfer
Transfer Online, Inc.
West Coast Stock Transfer, Inc.
Investors can access verified share data for Empire Stock Transfer clients on the company's respective quote page at www.otcmarkets.com and via OTC Markets' market data feeds.
Transfer agents interested in participating in the program may contact Andy Kyzyk at OTC Markets Group at (212) 896-4450 or [email protected]. There is no fee for transfer agents to participate.
About Empire Stock Transfer Inc.
Empire Stock Transfer Inc., founded in 2004 and located in Henderson, Nevada, is a full-service transfer agent and registrar registered with the U.S. Securities and Exchange Commission. Its expertise in the small cap market comes from the teams' nearly 100 years of experience in all facets of the industry. In addition to transfer services, the company offers corporate formation and resident agent services for Nevada, as well as EDGAR filing and proxy services. For more information, visit empirestock.com.
Figtree Consulting, Inc., a software company incorporated in 1983, is the developer and publisher of StockTrack software. StockTrack manages the shareholder accounting requirements of more than 2000 issuer companies. For more information, visit stocktracksoftware.com.
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 and OTC Link ECN, 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 and OTC Link ECN are operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.