NEW YORK, June 23, 2017 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of financial markets for
10,000 U.S. and global securities, today announced that the Series
B Preferred Stock of Overstock.com, Inc. (OTCQX: OSTBP), an
online retailer and advancer of blockchain technology, has
qualified to trade its Voting Series B Preferred shares on the
OTCQX® Best Market. Overstock.com upgraded the Series B Preferred
shares to OTCQX from the OTCQB® Venture Market.
Overstock.com's Series B Preferred shares begin trading today on
OTCQX under the symbol "OSTBP." U.S. investors can find
current financial disclosures and Real-Time Level 2 quotes for the
company on www.otcmarkets.com. Overstock.com's Common Stock
continues to be listed on the NASDAQ exchange.
"We are pleased to welcome Overstock.com's Series B Preferred
Shares to the OTCQX market," said Jason
Paltrowitz, Executive Vice President of Corporate Services
at OTC Markets Group. "Trading on OTCQX will allow Overstock.com to
provide investors a convenient method to trade its Series B
Preferred Shares and access the company's news and financial
disclosures."
"In December 2016, Overstock
became the first firm in history to issue a blockchain-based
SEC-registered public security. For various legal reasons, we had
to simultaneously offer a conventional (i.e. non-blockchain based)
version of this security. Having the non-blockchain component
of Overstock's Series B Preferred Stock trading on OTCQX will
provide additional visibility," said Overstock.com founder and CEO
Patrick Byrne. "OTC Market Group's
premier securities market is the best way to achieve that extra
exposure."
About Overstock.com, Inc.
Overstock.com, Inc. (Common Shares (NASDAQ: OSTK) / Series A
Preferred (Medici Ventures' t0 platform: OSTKP) / Series B
Preferred (OTCQX: OSTBP)) is an online retailer based in
Salt Lake City, Utah that sells a
broad range of products at low prices, including furniture, décor,
rugs, bedding, and home improvement. In addition to home goods,
Overstock.com offers a variety of products including jewelry,
electronics, apparel, and more, as well as a marketplace providing
customers access to hundreds of thousands of products from
third-party sellers. Additional stores include Worldstock.com,
dedicated to selling artisan-crafted products from around the
world. Forbes ranked Overstock in its list of the Top 100 Most
Trustworthy Companies in 2014. Overstock regularly posts
information about the company and other related matters under
Investor Relations on its website, http://www.overstock.com.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best
Market, the OTCQB® Venture Market, and the Pink® Open Market for
10,000 U.S. and global securities. Through OTC Link® ATS, we
connect a diverse network of broker-dealers that provide liquidity
and execution services. We enable investors to easily trade
through the broker of their choice and empower companies to improve
the quality of information available for investors.
To learn more about how we create better informed and more
efficient markets, visit www.otcmarkets.com
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC regulated ATS.
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Media Contact:
OTC Markets Group Inc., +1 (212)
896-4428, media@otcmarkets.com
Overstock.com, Inc., +1 (801) 947-3564, pr@overstock.com
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SOURCE OTC Markets Group Inc.