Message #1 From:
NewsBot Date: April 8, 2008 08:08:08 PM
Air France KLM Joins International OTCQX
Pink Sheets, LLC, the leading electronic
inter-dealer quotation system, trading technology and financial information
provider for over-the-counter (OTC) securities, today announced that Air
France (OTCQX: AFLYY) (PINKSHEETS: AFLYY), a world leader in air
transportation, has chosen to list its American Depositary Receipts (ADR)
on International OTCQX. Beginning today, Air France KLM's ADRs will trade
on the OTC market's highest tier, International PremierQX, where investors
can find current disclosure and financial information on the company
(available on www.otcqx.com and www.pinksheets.com).
"We are pleased to welcome a prestigious company of Air France KLM's
caliber to the International OTCQX market tier," said R. Cromwell Coulson,
Chairman and CEO of Pink Sheets LLC. "As an International OTCQX-listed
company, Air France KLM distinguishes itself as one of the most prestigious
companies trading over-the-counter, and provides U.S. investors with access
to their latest news and disclosure information."
Citibank, which acts as Depositary for Air France KLM's ADR program, will
serve as Air France KLM's Depositary Principal American Liaison
("Depositary PAL") on International OTCQX. Air France KLM's ADRs will trade
in the U.S. on International OTCQX under the ticker "AFLYY" where each ADR
will represent one ordinary share.
Air France KLM's shares are also listed on the Euronext Paris stock
exchange. The company is headquartered in Paris, France.
About Air France KLM
Air France-KLM is a France-based holding company, which holds the two
airlines Air France and KLM. The group is the global leader with the
largest network between Europe and the rest of the world. Passenger
transportation is the main Air France-KLM group's activity, representing
around 80% of the turnover. Cargo (around 12% of the turnover) and
maintenance (around 4%) are the two other core businesses.
About International OTCQX
International OTCQX provides a gateway to U.S. securities markets for
international companies that are listed on a qualified international
exchange and provide ongoing disclosure in English to U.S. investors. More
importantly, International OTCQX distinguishes the reputable international
issuers from the 8,000 over-the-counter (OTC) securities traded in the U.S.
Only leading companies that have substantial operating businesses and
provide credible disclosure to the public are eligible for inclusion on the
premium-tier International OTCQX, which commenced trading on March 5, 2007.
For more about International OTCQX, visit www.otcqx.com.
About Pink Sheets LLC
Pink Sheets LLC is the leading electronic quotation and trading system in
the over-the-counter (OTC) securities market. We create innovative
technology and data solutions to efficiently connect market participants,
improve price transparency, increase issuer disclosure and better inform
investors. Pink Sheets is the largest U.S. equity trading venue after NYSE
and NASDAQ and operates the elite OTCQX market tier for strong OTC-traded
companies that can satisfy stringent financial and disclosure listing
standards.
Over 230 financial services firms, including the ten largest U.S.
investment banks, actively make markets in OTCQX and Pink Sheets
securities. In 2007 these firms traded over $160 billion of Pink Sheets
securities. Pink Sheets offers widespread access to all U.S.
broker-dealers, enabling investors to seamlessly trade these securities
through their institutional, online or full service brokers.
Pink Sheets is headquartered in New York City.
To learn more about how Pink Sheets products and services make OTC markets
more transparent, informed and efficient, please visit our websites at
www.pinksheets.com and www.otcqx.com.
Media Contact:
Javier David
CCG Investor Relations
+1 (646) 454-4519 Email Contact
