Allianz SE Joins OTCQX
October 26 2009 - 3:00AM
PR Newswire (US)
The Leading Financial Services Provider Joins the U.S. OTC Market's
Highest Tier NEW YORK, Oct. 26 /PRNewswire-FirstCall/ -- Pink OTC
Markets Inc. (Pink Sheets: PINK), the leading electronic
inter-dealer quotation system, trading technology and financial
information provider for over-the-counter (OTC) securities, today
announced that Allianz SE (OTCQX: AZSEY, Frankfurt: ALV), the
leading integrated financial services provider, has chosen to list
its American Depositary Receipts (ADRs) on OTCQX®. (Logo:
http://www.newscom.com/cgi-bin/prnh/20090708/NY43125LOGO )
Allianz's ADRs began trading today on the OTC market's highest
tier, OTCQX International Premier. Investors can find current
financial disclosure and real-time Level 2 quotes for the company
on http://www.otcqx.com/ and http://www.pinksheets.com/. "We are
pleased to welcome Allianz to OTCQX," said R. Cromwell Coulson,
President and CEO of Pink OTC Markets. "The transparent OTCQX
marketplace provides Allianz with efficient U.S. trading of their
ADRs as an investor-friendly alternative to maintaining multiple
exchange listings." J.P. Morgan, which acts as Depositary for
Allianz's ADR program, will serve as Allianz's Principal American
Liaison ("PAL") on OTCQX, responsible for providing guidance on
listing requirements. About Allianz SE (OTCQX: AZSEY, Frankfurt:
ALV) Allianz SE's ADRs will trade in the United States on OTCQX
under the symbol "AZSEY", where each ADR will represent 0.1
ordinary shares. Allianz's shares are also listed on the Frankfurt
Stock Exchange - Prime Standard Regulated Market, under the symbol
ALV. The Allianz Group is one of the leading integrated financial
services providers worldwide. With nearly 155,000 employees
worldwide, the Allianz Group serves approximately 75 million
customers in about 70 countries. On the insurance side, Allianz is
the market leader in the German market and has a strong
international presence. In fiscal year 2008 the Allianz Group
achieved total revenues of over 92.5 billion Euros. The company's
headquarters are in Munich, Germany. For more about Allianz SE,
visit: http://www.allianz.com/. About OTCQX The OTCQX marketplace
is the premier tier of the U.S. over-the-counter market.
Investor-focused companies use the quality controlled OTCQX listing
platform to offer investors transparent trading, superior
information, and easy access through their regulated U.S.
broker-dealers. The innovative OTCQX platform offers companies and
their shareholders a level of marketplace services formerly
available only on a U.S. exchange. For more about OTCQX, visit
http://www.otcqx.com/. About Pink OTC Markets Inc. Pink OTC Markets
is a financial information and technology services company that
operates the leading electronic quotation and trading system in the
over-the-counter, or OTC, securities market. The OTCQX and Pink
Sheets® marketplaces that we operate constitute, by dollar volume,
the third largest U.S. liquidity pool for trading public company
shares, after The NASDAQ Stock Market, Inc. and The New York Stock
Exchange. Our technology platform provides a comprehensive suite of
information products and trading services for OTC market
participants. Our products and services promote market
transparency, facilitate regulatory compliance, and increase the
quality of issuer disclosure, to the benefit of all OTC market
participants. To learn more about how Pink OTC Markets' products
and services make OTC markets more transparent, informed, and
efficient, please visit our websites at http://www.pinkotc.com/,
http://www.pinksheets.com/ and http://www.otcqx.com/ or contact us
at . Pink OTC Markets is headquartered in New York City. Subscribe
to the OTCQX RSS Feed
http://www.newscom.com/cgi-bin/prnh/20090708/NY43125LOGODATASOURCE:
Pink OTC Markets Inc. CONTACT: Matthew Sheldon, CCG Investor
Relations, +1-310-954-1346, Web Site: http://www.pinkotc.com/
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