Quantum Rare Earth Developments Corp. Joins OTCQX
NEW YORK, Jan. 21, 2011 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), 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 Quantum Rare Earth Developments (TSX.V: QRE; OTCQX: QREDF), an exploration and development company, is now trading on the OTC market's highest tier, OTCQX®.
"The OTCQX platform offers investor-focused companies a winning combination of quality control, transparency, and broader visibility to U.S. investors," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Quantum Rare Earth Developments to OTCQX."
Quantum Rare Earth Developments began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcqx.com and www.otcmarkets.com.Berenbaum Weinshienk PC will serve as Quantum Rare Earth's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements. About Quantum Rare Earth Developments Corp. Quantum Rare Earth Developments (TSX.V: QRE; OTCQX: QREDF), trades in the United States on OTCQX under the symbol "QREDF". Quantum Rare Earth Developments is an exploration and development company with a focus on seeking out potentially economic deposits of niobium and rare earth elements in North America and elsewhere in the world. It currently has two primary projects, the Elk Creek Niobium and Rare Earth project in Nebraska, and the Archie Lake Rare Earth project in Saskatchewan, Canada. 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. Our 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 New York Stock Exchange. We categorize 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 makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com. Subscribe to the OTCQX RSS Feed
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