Pink OTC Markets Inc., the leading electronic
inter-dealer quotation system, trading technology and financial information
provider for over-the-counter (OTC) securities, today announced that Intec
Ltd (PINKSHEETS: ICLJY) (OTCQX: ICLJY), a mining and minerals processing
technology company for base and precious metals, has chosen to list its
American Depositary Receipts (ADRs) on International OTCQX.
Intec's ADRs will begin trading today 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). The company is headquartered in Sydney, Australia.
"We are pleased to welcome Intec to International OTCQX," said R. Cromwell
Coulson, Chairman and CEO of Pink OTC Markets. "As an International
OTCQX-listed company, Intec 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."
Merriman Curhan Ford & Co will serve as Intec's Principal American Liaison
("PAL") on International OTCQX. Intec's ADRs will trade in the U.S. on
International OTCQX under the ticker "ICLJY" where each ADR will represent
twenty ordinary Intec shares.
"We're pleased to work with Intec, as their PAL sponsor, as they make this
important step to gain access to U.S. investors," added Stephen Nash, Group
Head of Merriman Curhan Ford's OTCQX Advisory Group. "High-growth
international companies are increasingly recognizing the value that OTCQX
can provide, a superior platform for trading and disclosure, thereby
enhancing liquidity for companies that list and for U.S. investors who want
to gain visibility into a company's news and filings. Registration with the
SEC is not required to list on the OTCQX, thus removing costs associated
with Sarbanes-Oxley."
Intec's shares are also listed on the Australian Stock Exchange and on the
Deutsche Boerse in Germany.
About Intec Ltd
Intec Ltd is an Australian company which owns the Intec Process, a
revolutionary technology for superior and sustainable metals production.
The Intec Process comprises a set of patented chloride-based
hydrometallurgical processes that have been demonstrated to produce high
purity base and precious metals from concentrates of sulphide and oxide
ores, tailings and industrial wastes, which has substantial environmental
and cost advantages over both the widely used conventional smelting and
refining processes and other known hydrometallurgical processes. The Intec
Process represents a paradigm shift that will, over time, have a
substantial favorable impact on the structure, economics and environmental
impact of the world base and precious metals industries. Intec Ltd also
owns minerals processing assets in Tasmania that are currently generating
significant positive cashflow via production of zinc/lead/silver
concentrates for the international market. For further information please
visit www.intec.com.au.
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 operation on March 5,
2007. For more about International OTCQX, visit www.otcqx.com.
About Merriman Curhan Ford
Merriman Curhan Ford is a financial services firm focused on fast-growing
companies and the institutions that invest in them. The company offers
high-quality investment banking, equity research, institutional services,
primary market research, asset management and corporate & venture services,
and specializes in growth industry sectors.
About Pink OTC Markets Inc.
Pink OTC Markets Inc. provides the leading inter-dealer electronic
quotation and trading system in the over-the-counter (OTC) securities
market, with innovative technology and data solutions to efficiently
connect market participants, improve price discovery, increase issuer
disclosure, and better inform investors. Pink OTC Markets operates the
third largest U.S. equity trading venue which includes both the elite OTCQX
market tiers for strong OTC-traded companies that can satisfy financial and
disclosure listing standards and Pink Sheets for all other OTC quoted
securities.
Over 230 financial service firms, including the ten largest U.S. investment
banks, actively make markets in OTCQX and Pink Sheets quoted securities and
in 2007 these firms traded over $160 billion of OTCQX and Pink Sheets
securities. Pink OTC Markets 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 OTC Markets is headquartered in New York City.
To learn more about how Pink OTC Markets' products and services make OTC
markets more transparent, informed, and efficient, please visit our
websites at www.pinksheets.com and www.otcqx.com or contact us at
info@pinkotc.com.
