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Eurocontrol Announces Upgrade to the OTCQB Market
TORONTO, CANADA--(Marketwired - Aug. 11, 2016) - Eurocontrol Technics Group Inc. (TSX VENTURE:EUO)(OTCQB:EUCTF) ("Eurocontrol" or the "Company"), a Canadian public company specializing in the acquisition, development and commercialization of innovative authentication, verification and certification technologies, is pleased to announce that the Company's shares have been approved to trade on the OTCQB Venture Market, under the symbol EUCTF.
Trading the Company's shares on OTCQB provides a dealer market for Eurocontrol shares and easy access to continuous disclosure documents giving investors in the United States greater access to invest in the Company's shares. The OTCQB Market provides trading for close to 900 US and international companies through its SEC-registered OTC Link® ATS, which features over 110 broker-dealers. Quotes for Eurocontrol's US symbol are available directly at http://www.otcmarkets.com/stock/EUCTF/quote.
The Company's shares will continue to trade on the TSX Venture Exchange under the symbol EUO.
Bruce Rowlands, Chairman and Chief Executive Officer, stated, "Given the increased volume of trading that occurred this past year on the Pink Open Market, we decided to make a formal application to OTCQB to upgrade our disclosure and facilitate ease of trading in Eurocontrol shares for US investors. We are pleased to have been accepted to trade on the OTCQB Venture Market which we believe will increase Eurocontrol's exposure to US retail and institutional investors, increasing liquidity for existing and new shareholders."
About Eurocontrol Technics Group Inc.
Eurocontrol is a TSX Venture and OTCQB traded company that specializes in the acquisition, development and commercialization of innovative authentication, verification and certification technologies. Eurocontrol has two wholly owned subsidiaries, Xenemetrix Ltd. and XwinSys Technology Development Ltd. and an agreement with SICPA S.A. for earn-out payments of 5% (minimum $9 million) on revenues generated from the oil and gas marking and monitoring field relating to the sale of its former subsidiary Global Fluids International (GFI) S.A. Xenemetrix is a leading designer, manufacturer and marketer of ED-XRF systems, a technology that is the most accurate and economic method for determining the chemical composition of many types of materials, including the analysis of petroleum oils and fuel. Xenemetrix has an exclusive long-term supply, maintenance and support agreement with SICPA/GFI to supply SICPA/GFI with Xenemetrix products and services related to the oil and gas marking and monitoring field. XwinSys is in the final stage of developing a fully automated metrology system for the semiconductor industry that combines 2D and 3D image processing technology with Xenemetrix's ED-XRF technology.
For further information on Eurocontrol, please visit the Company's website at www.eurocontrol.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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.