NEW YORK, May 2, 2012 /PRNewswire/ -- Midas Medici Group Holdings, Inc. (OTCQX: MMED) ("Midas Medici" or "Company"), an innovative, global IT company in the fields of virtualization, cloud computing and data management, today announced the Company has received approval to begin trading on OTCQX ®, the highest tier of the OTC market, starting today, May 2, 2012.
"We are extremely pleased to have qualified to trade on the OTCQX," said Nana Baffour, CEO and Chairman of Midas Medici. "The OTCQX platform offers global emerging companies such as Midas Medici a combination of quality control, transparency, and broader visibility to investors worldwide. With the significant growth in scale and revenues that we have achieved over the past 18 months including our expansion to Brazil through our CIMCORP brand, the management and board are very focused on increasing our visibility to the investment community. This upgrade of our stock to the OTCQX, we believe, is the right logical step to improving our liquidity, transparency, governance and better engagement with our investors.
"The superior information and visibility of the OTCQX marketplace allows companies to efficiently build investor confidence and expand their shareholder base," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Midas Medici to OTCQX."
Merriman Capital Inc. will serve as Midas Medici's Principal American Liaison (PAL) on OTCQX, responsible for providing guidance on OTCQX requirements.Investors can find current financial disclosure and real-time Level 2 quotes for the Company on www.otcmarkets.com. About Midas Medici Midas Medici Group Holdings, Inc. (OTCQX: MMED) is a managed IT services and infrastructure company that supplies mid-sized and select enterprises and institutions with leading-edge IT solutions in the fields of virtualization, cloud computing and data management, as well as working with utilities and other institutions to transform the electric grid through digital technologies in the United States and Brazil. Across its Cimcorp, StraTech and UtiliPoint brands, Midas works with its customers by optimizing IT and data center investments, streamlining communications between departments, reducing costs and preventing data loss, all while maximizing productivity. Visit Midas Medici at www.midasmedici.com.