AUSTIN, Texas--(BUSINESS WIRE)--Xplore Technologies Corp. (OTCQB: XLRT) (“Xplore” or the “Company”), a manufacturer of award-winning rugged tablet PCs, announced its shares are now being exclusively quoted on OTC Markets Group Inc.'s (“OTC Markets”) OTC Link™ quotation platform. Xplore was previously quoted on the OTC Bulletin Board (“OTCBB”). This change was not caused by any action or inaction by Xplore, which continues to be in full compliance with all of its U.S. Securities and Exchange Commission (“SEC”) reporting requirements. For stock quotes for Xplore, investors can go the www.otcmarkets.com website to stay current on Xplore’s trading activity and stock price.
Philip Sassower, Chairman and Chief Executive Officer of Xplore commented, "We believe this move is a natural progression to our ultimate objective which is to be listed on a major exchange. As of the end of last week, according to the OTC Markets, priced quotes published on OTC Link accounted for approximately 95% of priced quotes in the OTC marketplace. We believe this movement shows brokers' continued support of the electronic OTC Link system."
OTC Markets has been a leader in using technology to bring positive changes to the OTC marketplace for the benefit of investors, as well as broker-dealers and OTC-traded companies. OTC Markets’ electronic interdealer quotation and trading system (“OTC Link”) has become one of the leading OTC quotation platforms in the U.S. In 2010, according to the OTC Markets, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange.
There has been a significant migration of brokers from the OTCBB quotation system to the OTC Link quotation system. According to otcmarkets.com, in the past 30 calendar days, there have been 818 publicly traded companies, including Xplore, that have moved from being dually quoted on OTCBB and OTC Link to being quoted exclusively on the OTC Link platform.
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. OTC Link platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity-trading venue, after NASDAQ and the NYSE. OTC Markets Group, Inc. categorizes 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, Inc. makes the unlisted markets more transparent, informed and efficient, visit www.otcmarkets.com.
About Xplore Technologies®
Xplore (www.xploretech.com) is engaged in the business of developing integrating and marketing mobile wireless Tablet PC computing systems. The Company’s products enable the extension of traditional computing systems to a range of field and on-site personnel, regardless of location or environment. Using a range of wireless communication mediums together with the Company’s rugged computing products, the Company’s end-users are able to receive, collect, analyze, manipulate and transmit information in a variety of environments not suited to traditional non-rugged computing devices. The Company’s end-users are in markets that include utility, warehousing/logistics, public safety, field service, transportation, manufacturing, route delivery, military and homeland security
This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect Xplore’s current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause actual results to differ materially from the statements made including those factors detailed from time to time in filings made by Xplore with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. Xplore does not intend and does not assume any obligation to update these forward-looking statements.