Applied DNA Sciences, Inc. Migrates to the OTCQB Tier of the OTC Marketplace
March 08 2011 - 8:30AM
Marketwired
Applied DNA Sciences, Inc. (OTCQB: APDN) announced that it has
migrated from the OTCBB quotation and trading system to the OTC
Markets Group Inc. quotation and trading system -- APDN's stock is
now quoted on the OTC Markets (www.otcmarkets.com/stock/apdn/quote)
OTCQB tier. OTC Markets provides free level II real time quotes.
This change was caused as a result of a large migration of
brokers from the OTCBB quotation system to the OTC Markets
quotation system. OTC Markets provides an electronic platform
contrary to the OTCBB quotation system which continues to operate
on a telephonic trading platform. This change was not caused by any
action or inaction by APDN. APDN continues to be in full compliance
with all of its reporting requirements. According to
otcmarkets.com, in the past 30 calendar days, there have been 837
publicly traded companies that have moved from being dually quoted
(OTCBB and OTC Link) to being quoted exclusively on the OTC Link
platform. As of the end of last week, priced quotes published on
OTC Link made up 95% of priced quotes in the OTC marketplace. This
movement shows brokers' continued support of the electronic OTC
Link system, as they migrate to quote exclusively on this
platform.
Trading information for APDN may take a while to be updated in
some trading platforms and quotation systems. For current stock
quotes for APDN, investors can always go to the www.otcmarkets.com
website to stay current on APDN's trading activity and stock
price.
About OTC Markets Group, Inc. OTC Markets
Group Inc. operates the world's largest electronic marketplace for
broker-dealers to trade unlisted stocks. Our OTC Link platform
supports an open network of competing broker-dealers that provide
investors with the best prices in over 10,000 OTC securities. In
2010, securities on OTC Link traded over $144 billion in dollar
volume, making it the third largest U.S. equity-trading venue,
after NASDAQ and the NYSE. We categorize the wide spectrum of
OTC-traded companies into three tiers -- OTCQX (the
quality-controlled marketplace for investor friendly companies),
OTCQB (the U.S. reporting company marketplace for development stage
companies), and OTC Pink (the speculative trading marketplace) --
so investors can identify the level and quality of information
companies provide. To learn more about how OTC Markets Group, Inc.
makes the unlisted markets more transparent, informed and
efficient, visit www.otcmarkets.com.
About APDN APDN sells patented DNA
security solutions that provide anti-counterfeit protection, as
well as protecting brands and intellectual property from
counterfeiting and diversion. SigNature DNA is a botanical mark
used for product authentication in a unique manner that essentially
cannot be copied. When used in conjunction with other law
enforcement technologies, SigNature DNA can provide a forensic
chain of evidence that has been used successfully in more than 15
convictions. To learn more, go to www.adnas.com where APDN
routinely posts all press releases.
The statements made by APDN may be forward-looking in nature and
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements describe APDN's future plans, projections, strategies
and expectations, and are based on assumptions and involve a number
of risks and uncertainties, many of which are beyond the control of
APDN. Actual results could differ materially from those projected
due to our short operating history, limited financial resources,
limited market acceptance, market competition and various other
factors detailed from time to time in APDN's SEC reports and
filings, including our Annual Report on Form 10-K, filed on
December 15, 2010 and our subsequent quarterly reports on Form
10-Q. APDN undertakes no obligation to update publicly any
forward-looking statements to reflect new information, events or
circumstances after the date hereof to reflect the occurrence of
unanticipated events.
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INVESTOR CONTACT: Debbie Bailey 631-444-8090 fax: 631-444-8848
MEDIA CONTACT: Janice Meraglia 631-444-6293 fax: 631-444-8848 FCMN
Contact: Email Contact Web site: http://www.adnas.com
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