- Provides additional liquidity and increases access for US based
TORONTO, Jan. 4, 2012 /CNW/ - Innovative Composites International Inc. (TSXV: IC), (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. (TSX-V: IC; OTCQX: ICIZF) 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
To find out more about ICI please visit our website at: www.innovativecompositesinc.com.
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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
SOURCE Innovative Composites International Inc.
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