HERZELIYA, Israel, June 28, 2017 /PRNewswire/ -- Safe-T Group Ltd. ("Safe-T" or the "Company") (TASE: SAFE) (OTCQB: SFTTY), a provider of cyber security solutions designed to mitigate attacks on business-critical services and data, is pleased to announce that its American Depositary Shares (ADSs) have been approved for trading on the OTCQB Venture Market. Safe-T will commence trading on the OTCQB today under the symbol "SFTTY", where each ADS represents four ordinary shares of the Company. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"The admission to the OTCQB market is part of a long-term strategy to introduce the Company to a broader international audience," said Shachar Daniel, CEO of Safe-T. "This provides us with a trading platform for current and future American investors as well as a means of increasing our international customer base and visibility in the United States through direct marketing and technology collaborations."
The OTCQB Venture Market is for early-stage and developing U.S. and international companies that are current in their financial reporting, pass a minimum bid price test and undergo an annual company verification and management certification process. The OTCQB Market's quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors.
BNY Mellon serves as Depositary to the Company's Level 1 ADR program.
Safe-T Data (www.safe-t.com) is the provider of solutions designed to mitigate attacks on business-critical services and data for a wide range of industries, including financial, healthcare, government and more.
Safe-T's High-risk Data Security (HDS) Solution mitigates data threats: un-authorized access to data, services, networks, or APIs, as well as data related threats, including data exfiltration, leakage, malware, ransomware and fraud.
Companies and governments around the world trust Safe-T to secure their data, services, and networks from insider and external data threats.
Focused on providing security solutions for the enterprise market, Safe-T enables organizations to benefit from enhanced productivity, efficiency, heightened security, and improved regulatory compliance.
Safe-T operates in North America, APAC, Africa, Europe, and Israel.
The Company's Ordinary Shares are traded on TASE in Israel and its American Depositary Shares are traded on the OTCQB. The Bank of New York Mellon serves as the Company's depositary for its Level 1 ADR program.
This press release contains forward-looking statements with respect to future estimates, developments and events, the occurrence of which is uncertain. Words such as "expects", "anticipate", "intends", "plans", "believes", "seeks", "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, the Company is using forward looking statements in this press release when it discusses the potential increase of the Company's international customer base and visibility in the United States. These estimates may not materialize, in whole or in part, or may materialize differently, including but not limited to causes that are not within the Company's control.
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