Therma Bright Successfully Up-lists to the OTCQB Venture Market Under Symbol TBRIF Provides Update on FDA-EUA Application Process
September 14 2021 - 12:11PM
InvestorsHub NewsWire
Therma Bright Successfully Up-lists
to the OTCQB Venture Market Under Symbol TBRIF
Provides Update on FDA-EUA Application
Process
Toronto, Ontario, September 14, 2021 -- InvestorsHub NewsWire
-- Therma Bright Inc. (TSXV: THRM, OTCQB: TBRIF) ("Therma" or the "Company"), developer
of its smart-enabled AcuVid™ COVID-19 Rapid Antigen Saliva Test and
other progressive diagnostic and medical device technologies,
announced today its successful up-listing from the OTC Pink Sheets
to the OTCQB® Venture Market (the "OTCQB"). Therma Bright will
commence trading on the OTCQB with the market open on September 14,
2021, under the symbol "TBRIF".
"We're excited to be up-listed to the OTCQB, which is an
important milestone for Therma Bright," shared Rob Fia, CEO of
Therma Bright. "The OTCBQ affords us greater visibility within the
U.S. investment community, which should enhance our liquidity and
increase our access to institutional and retail investors. This
additional capital markets exposure will be invaluable as we
continue to buildout our AcuVid™, Venowave, Benepod™ and other
product lines, along with their U.S. and global distribution sales
channels."
The OTCQB, operated by OTC Markets Group Inc., is designed
for developing and entrepreneurial companies in the United States
and abroad. Companies must be current in their financial reporting
and undergo an annual verification and management certification
process, including meeting a minimum bid price and other financial
conditions. With more compliance and quality standards, the OTCQB
provides investors improved visibility to enhance trading
decisions. The OTCQB is recognized by the United States Securities
and Exchange Commission as an established public market providing
public information for analysis and value of securities. B. Riley
Securities acted as the Company's OTCQB sponsor. B. Riley
Securities, Inc. is a full-service investment bank and
subsidiary of B. Riley Financial, Inc., based in Los
Angeles with offices across the United
States, providing
corporate finance, research, sales, and trading
services.
As reported on September
1st,
2021, the Company successfully completed and submitted
additional research
and documentation requested
by the FDA. Therma
Bright has since received an acknowledgement letter
from the FDA for the information submitted for the
EUA submission. The
information has been formally logged into the FDA system and is
under review.
Therma Bright will continue to work interactively with the
FDA to provide additional information, if necessary, to complete
the review.
Therma Bright is not making any express or implied claims
that its test product has the ability to eliminate or cure COVID-19
or the SARS-CoV-2 virus.
About Therma Bright Inc.
Therma Bright, developer of the
AcuVid™ COVID-19 Rapid Antigen Saliva Test, is a progressive
medical diagnostic and device technology company focused on
providing consumers and medical professionals with quality,
innovative solutions that address some of today's most important
medical and healthcare challenges. The Company's initial
breakthrough proprietary technology delivers effective,
non-invasive, and pain-free skincare. Therma Bright received a
Class II medical device status from the FDA for its platform
technology that is indicated for the relief of the pain, itch, and
inflammation of a variety of insect bites or stings. The Company
received clearance for the above claims from the US FDA in
1997. Therma Bright Inc. trades on the TSXV (TSXV: THRM)
(OTCQB: TBRIF) (FSE:
JNX). Visit: www.thermabright.com.
Therma Bright Inc.
Rob Fia, CEO
rfia@thermabright.com
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FORWARD LOOKING
STATEMENTS
Certain statements in this news release constitute
"forward-looking" statements. These statements relate to future
events such as development and commercialization of a rapid
COVID-19 viral assay and related instrumentation. as described in
the news release. All such statements involve substantial known and
unknown risks, uncertainties and other factors which may cause the
actual results to vary from those expressed or implied by such
forward-looking statements. Forward-looking statements involve
significant risks and uncertainties, they should not be read as
guarantees of future performance or results, and they will not
necessarily be accurate indications of whether or not such results
will be achieved. Actual results could differ materially from those
anticipated due to several factors and risks. Although the
forward-looking statements contained in this news release are based
upon what management of the Company believes are reasonable
assumptions on the date of this news release, the Company cannot
assure investors that actual results will be consistent with these
forward-looking statements. The forward-looking statements
contained in this press release are made as of the date hereof and
the Company disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required under
applicable securities regulations.
Neither the 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 press release.
This press release is not an offer of the securities for sale
in the United States. The securities have not been registered under
the U.S. Securities Act of 1933, as amended, and may not be offered
or sold in the United States absent registration or an exemption
from registration. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy nor shall there be
any sale of the securities in any state in which such offer,
solicitation or sale would be unlawful.
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