Lupatech S.A. Joins OTCQX
December 15 2009 - 3:00AM
PR Newswire (US)
NEW YORK, Dec. 15 /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 Lupatech
S.A. (OTCQX: LUPAY, BM&FBovespa: LUPA3), a leading Brazilian
manufacturer for the oil & gas sector, has chosen to list its
American Depositary Receipts (ADRs) on OTCQX®. (Logo:
http://www.newscom.com/cgi-bin/prnh/20090708/NY43125LOGO )
Lupatech'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/. "OTCQX
enables companies, like Lupatech, to communicate with and engage
their U.S. investors, while providing them with transparent trading
and easy access to company information," said R. Cromwell Coulson,
President and CEO of Pink OTC Markets. "We are pleased to welcome
Lupatech to OTCQX." J.P. Morgan, which acts as Depositary for
Lupatech's ADR program, will serve as Lupatech's Principal American
Liaison ("PAL") on OTCQX, responsible for providing guidance on
listing requirements. About Lupatech S.A. (OTCQX: LUPAY,
BM&FBovespa: LUPA3) Lupatech's ADRs will trade in the United
States on OTCQX under the symbol "LUPAY", where each ADR will
represent 1 ordinary share. Lupatech's shares are also listed on
BM&FBovespa's Novo Mercado, under the symbol LUPA3. Lupatech is
the only Brazilian public company supplying equipment and services
to the oil & gas sector. Lupatech's main products are anchoring
ropes for platforms, oil & gas valves, completion tools,
coating, compressors, sensors and services. Lupatech also produces
industrial valves and parts for the automotive chain. For more
about Lupatech, visit http://www.lupatech.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/NY43125LOGO
http://photoarchive.ap.org/ DATASOURCE: Pink OTC Markets CONTACT:
Matthew Sheldon, CCG Investor Relations, +1-310-954-1346, Web Site:
http://www.pinkotc.com/
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