NEW YORK, March 18 /PRNewswire-FirstCall/ -- Pink OTC Markets Inc. (OTCQX: PINK), the financial information and technology services company that operates the leading electronic quotation and trading system in the U.S. OTC securities market, today announced that Klabin S.A. (OTCQX: KLBAY, BM&FBovespa: KLBN4), the biggest paper producer, exporter and recycler in Brazil, has chosen to list its American Depositary Receipts (ADRs) on OTCQX®.
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"Companies, like Klabin, use OTCQX to expand their access to investors, engage them with quality disclosure of their financials, and provide trading transparency to stimulate liquidity," said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "We are pleased to welcome Klabin to OTCQX."
Klabin's ADRs began trading today on the OTC market's highest tier, OTCQX International Premier. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcqx.com and www.otcmarkets.com.
"The move to OTCQX is in line with the Company's strategy to increase liquidity of its ADR program and attract new foreign investors to its shareholder base," said Antonio Sergio Alfano, CFO of Klabin S.A.
The Bank of New York Mellon, which acts as Depositary for Klabin's ADR program, will serve as Klabin's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on listing requirements.
About Klabin S.A.
(OTCQX: KLBAY, BM&FBovespa: KLBN3, KLBN4) Klabin's ADRs trade in the United States on OTCQX under the symbol "KLBAY", where each ADR will represent 10 preferred shares. Klabin's preferred shares are listed on BM&FBovespa under the symbol KLBN4. Klabin is the biggest paper producer, exporter and recycler in Brazil. It is the leading manufacturer of packaging paper and board, corrugated boxes, industrial sacks and timber in logs. It has 17 industrial plants in Brazil and one in Argentina. Self-sufficient in wood, it has 214 thousand hectares of planted forests and 191 thousand hectares of preserved native woodlands.
About OTCQX
The OTCQX Marketplace is the premier tier of the U.S. OTC market. Investor-focused companies use the quality controlled OTCQX listing platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. stock exchange. For more information and to view a full list of OTCQX-listed companies, visit www.otcqx.com.
About Pink OTC Markets Inc.
Pink OTC Markets Inc. (OTCQX: PINK) is a financial information and technology services company that operates the leading electronic quotation and trading system in the OTC securities market. The OTCQX and Pink Sheets marketplaces constitute, by dollar volume, the third largest U.S. liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc. and The New York Stock Exchange. Our technology platform provides a comprehensive suite of information products and trading services for OTC market participants. Our products and services promote market transparency, improve price discovery, facilitate regulatory compliance, and increase the quality of issuer disclosure, to the benefit of all OTC market participants. 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.otcmarkets.com, www.pinkotc.com and www.otcqx.com or contact us at info@pinkotc.com.
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