Message #1 From:
NewsBot Date: April 8, 2008 08:25:40 PM
Delta Galil Industries LTD. 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 Delta
Galil Industries LTD. (OTCQX: DELTY) (PINKSHEETS: DELTY), a leading global
apparel company specializing in intimate apparel, men's underwear and
socks, has chosen to list its American Depositary Receipts (ADRs) on
International OTCQX. Beginning today, Delta Galil's ADRs will trade on the
OTC market's prestigious tier, International PrimeQX, 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 Delta Galil IndustriesLTD to the International
OTCQX market tier," said R. Cromwell Coulson, Chairman and CEO of Pink
Sheets LLC. "As an International OTCQX-listed company, Delta Galil
distinguishes itself as one of the most prestigious companies trading
over-the-counter, and becomes part of a visible market tier via which they
can increase U.S. investor awareness."
Bank of New York Mellon will serve as Delta Galil's Principal American
Liaison ("PAL") on International OTCQX. Delta Galil's ADRs will trade in
the U.S. on International OTCQX under the ticker "DELTY" where each ADR
will represent one ordinary share.
Delta Galil's shares are also listed on the Tel Aviv stock exchange. The
company is headquartered in Tel Aviv, Israel.
Delta Galil Industries Ltd. is a leading global apparel company
specializing in intimate apparel, men's underwear and socks. The Company
produces customized, innovative fashion and basic apparel for leading
retailers and brands around the world. Since its inception in 1975, Delta
has expanded from its original base in Israel to encompass design,
development and manufacturing centers on four continents and service more
than 50 customers in the US, the UK, continental Europe and Israel. With
more than 9,700 employees located worldwide, Delta exemplifies the concept
of a global company and takes pride in being a responsible corporate
citizen.
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.
Pink Sheets, LLC is the leading electronic inter-dealer quotation system,
trading technology and financial information provider for the
over-the-counter (OTC) securities markets. Its centralized information
network includes services designed to benefit market makers, issuers,
brokers and OTCinvestors. Pink Sheets information enhances the efficiency
of OTC trading, provides better executions for OTCinvestors and improves
the capital formation process for OTC issuers. For more information visit
the Pink Sheets website at www.pinksheets.com.
Media Contact:
Javier David
CCG Investor Relations
+1 (646) 454-4519 Email Contact