Message #1 From:
NewsBot Date: April 8, 2008 08:32:15 PM
Linc Energy 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 Linc
Energy (PINKSHEETS: LNCGY) (OTCQX: LNCGY), an Australian energy company,
has been listed on International OTCQX. Linc Energy's American Depositary
Shares (ADSs) are now trading on International PrimeQX under the ticker
"LNCGY." Beginning today, investors can find real-time quotes, disclosure
and financial information about Linc Energy at www.otcqx.com and
www.pinksheets.com.
"We are happy to welcome Linc Energy to International PrimeQX," said
Cromwell Coulson, Chairman and CEO of Pink Sheets LLC. "International
OTCQX gives Linc Energy a visible market tier to increase U.S. investor
awareness of their ADR program in the U.S."
Merriman Curhan Ford & Co. will act as the company's Investment Bank
Principal American Liaison (PAL).
"We're pleased to work with Linc Energy, as their PAL sponsor, as they make
this important step to gain access to U.S. investors," added Stephen Nash,
Vice President of Merriman Curhan Ford & Co.'s OTCQX Advisory Group.
"High-growth international companies are increasingly recognizing the value
that OTCQX can provide. We're seeing major international firms listing on
OTCQX, in some cases leaving larger U.S. exchanges to do so. With the
recent additions of blue chip companies, and now Linc Energy, OTCQX is
taking shape as a premier international listing alternative."
About Linc Energy
Linc Energy is an innovative energy company located in Australia and listed
on the Australian Stock Exchange (ASX). The company's vision is to become a
dominant player in the supply of more environmentally friendly power,
diesel and jet fuel by bringing together, for the first time anywhere in
the world, two proven production processes known as Underground Coal
Gasification (UCG) clean coal technology and Gas to Liquids (GTL). For
more information about Linc Energy, visit www.lincenergy.com.au.
OTCQX and International OTCQX are new market tiers launched by Pink Sheets,
LLC in March 2007 that aim to separate out companies worthy of investor
consideration from the thousands of economically distressed and speculative
companies trading over-the-counter (OTC). Similar to the Nomad system of
the London Stock Exchange's Alternative Investment Market (AIM), OTCQX
companies must nominate a Designated Advisor for Disclosure (for U.S.
companies) or Principal American Liaison (for international companies) to
list on OTCQX. This community of trusted advisors work closely with a
company's management to increase investor confidence and close the
credibility gap in the OTC market. For more about OTCQX and 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:
Lee Morrell
CCG Investor Relations
+1 (310) 477-9800 Email Contact