Innovative Composites Announces US Trading on the OTCQX
January 04 2012 - 7:00AM
PR Newswire (Canada)
- Provides additional liquidity and increases access for US based
investors - TORONTO, Jan. 4, 2012 /CNW/ - Innovative Composites
International Inc. , (OTCQX: ICIZF), ("ICI" or the "Company"), a
producer of patented protected composite products targeting the
multi-billion dollar housing and transportation markets, announced
that it will begin to trade on the OTC markets' OTCQX International
Tier today under the symbol ICIZF. "OTCQX International provides US
investors with direct access to a trading platform that has a
strong reputation for providing US investors with improved
liquidity, transparency, superior information, and easy access
through their US regulated broker-dealers," said Terry Ball, CEO of
ICI. "As the majority of our current and near-term production
will be based in the US, it is only natural that we have a strong
US presence." ICI began trading today on the OTC market's highest
tier, the OTCQX International. Investors can find current
financial disclosure and Real-Time Level 2 quotes for the Company
on www.otcqx.com and www.otcmarkets.com. Hodgson Russ LLP will
serve as ICI's Principal American Liaison ("PAL") on OTCQX,
responsible for providing guidance on OTCQX requirements. About OTC
Markets Group Inc. OTC Markets Group Inc. (OTCQX: OTCM) 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. 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 makes the unlisted markets more
transparent, informed, and efficient, visit www.otcmarkets.com.
About Innovative Composites International Inc. Headquartered in
Toronto, Canada, Innovative Composite International Inc. is a
high-tech engineering and manufacturing company that is
successfully commercializing a patent protected line of
state-of-the-art composite products targeted at the multi-billion
dollar transportation and affordable housing markets. Led by a team
of commercialization experts ICI has adopted a tier two business
model: It designs and manufactures game-changing products and
partners with established companies in its target markets to
utilize their sales channels for faster product roll-out. This
strategy and the superior characteristics of the products have
resulted in rapidly growing sales in both markets and opened up
opportunities that could lead to large scale contracts on an
ongoing basis. To find out more about ICI please visit our website
at: www.innovativecompositesinc.com. Follow us on www.waggle.ca
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release. "Statements made in this press release include
forward-looking statements that involve a number of risks and
uncertainties. These statements relate to future events or future
performance and reflect management's current expectations and
assumptions. A number of factors could cause actual events,
performance or results to differ materially from the events,
performance and results discussed in the forward-looking
statements, such as the economy, generally, competition in its
target markets, the demand for ICI's products and the availability
of funding. These forward-looking statements are made as of the
date hereof and ICI does not assume any obligation to update or
revise them to reflect new events or circumstances. Actual events
or results could differ materially from ICI's expectations and
projections." Innovative Composites International Inc.
CONTACT: Contact Information:Ilja Troitschanski or Philip DaleChief
Financial Officer TMX Equicom(416) 646 0754 (416) 815 0700 ext
253ilja@innovativecompositesinc.com pdale@equicomgroup.com
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