MRV Engenharia e Participacoes SA Joins OTCQX
December 02 2009 - 4:00AM
PR Newswire (US)
NEW YORK, Dec. 2 /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 MRV
Engenharia e Participacoes SA (OTCQX: MRVNY, Bovespa: MRVE3), a
leading Brazilian real estate developer and homebuilder, has chosen
to list its American Depositary Receipts (ADRs) on OTCQX®. (Logo:
http://www.newscom.com/cgi-bin/prnh/20090708/NY43125LOGO) MRV'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 MRV Engenharia e Participacoes to OTCQX," said
R. Cromwell Coulson, President and CEO of Pink OTC Markets.
"Companies like MRV use the quality controlled OTCQX listing
platform to offer investors transparent trading, superior
information, and easy access through their U.S. regulated
broker-dealers." Deutsche Bank, which acts as Depositary for MRV's
ADR program, will serve as MRV's Principal American Liaison ("PAL")
on OTCQX, responsible for providing guidance on listing
requirements. About MRV Engenharia e Participacoes SA (OTCQX:
MRVNY, Bovespa: MRVE3) MRV's ADRs will trade in the United States
on OTCQX under the symbol "MRVNY", where each ADR will represent 2
ordinary shares. MRV's shares are also listed on Bovespa's Novo
Mercado, under the symbol MRVE3. MRV Engenharia e Participacoes SA
is the largest Brazilian real estate developer and homebuilder in
the lower-income segment, with 30 years of experience, active in 74
cities, in 13 Brazilian states and in the Federal District. For
more about MRV, visit http://www.mrv.com.br/. 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
Inc. (Pink Sheets: PINK) 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, improve price discovery, 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 the OTC marketplace
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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