NEW YORK, Aug. 20, 2014 /PRNewswire/ -- OTC
Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and
Connected financial marketplaces, today announced that 808
Renewable Energy Corp. (OTCQX: RNWR), an owner and operator of
on-site cogeneration systems, has qualified to trade on OTCQX®, the
best marketplace.
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808 Renewable Energy begins trading today on OTCQX under the
symbol "RNWR." U.S. investors can find current financial
disclosure and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
"808 Renewable Energy, through its focus on owning and operating
co-generation plants throughout California and the Western U.S., is helping
America achieve green energy solutions that can reduce our nation's
dependence on foreign oil," said R.
Cromwell Coulson, President and CEO of OTC Markets
Group. "We are excited to welcome this innovative American
company to the OTCQX marketplace and wish them success and growth
in the public markets."
Patrick Carter, CEO of 808
Renewable Energy, added, "We at 808 Renewable Energy Corporation
are thrilled about our first trading day on the OTCQX, August 20th. And we are extremely
appreciative of Merriman Capital's efforts, as advisor and sponsor
of this initiative. We feel now, more than ever, that America
needs to focus on becoming an independent energy user and needs to
wean ourselves from our dependence on foreign oil. Our
investors now have an opportunity to have some liquidity and our
exposure to the stock market will allow even more of the public to
have an opportunity to participate in our growth."
Merriman Capital, Inc. serves as 808 Renewable Energy's
Designated Advisor for Disclosure ("DAD") on OTCQX, responsible for
providing professional guidance on OTCQX requirements.
808 Renewable Energy owns and operates on-site cogeneration
systems that produce energy in the form of electricity, heat, hot
water and chilled water under long-term contracts with its
commercial, institutional and light industrial customers. Its
business is to own the equipment that is located at customers'
facilities and to sell the energy produced by these systems to the
customers on a long-term contractual basis.
To date, the company's focus has been on acquiring existing
combined heat and power ("CHP") plants. However, its
objective is to grow revenue by pursuing the following areas:
continuing acquisition of new or existing CHP or other renewable
energy projects, providing maintenance service, monitoring, and
operations support to existing CHP plants not owned by the company,
and sales of CHP and other renewable energy plants to interested
third parties.
About OTC Markets Group Inc.
OTC Markets Group Inc.
(OTCQX: OTCM) operates Open, Transparent and Connected financial
marketplaces for 10,000 U.S. and global securities. Through
our OTC Link® ATS, we directly link a diverse network of
broker-dealers that provide liquidity and execution services for a
wide spectrum of securities. We organize these securities
into marketplaces to better inform investors of opportunities and
risks – OTCQX®, The Best Marketplace; OTCQB®, The Venture
Marketplace; and OTC Pink®, The Open Marketplace. Our
data-driven platform enables investors to easily trade through the
broker of their choice at the best possible price and empowers a
broad range of companies to improve the quality and availability of
information for their investors. To learn more about how we
create better informed and more efficient financial marketplaces,
visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC regulated ATS.
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SOURCE OTC Markets Group Inc.