NEW YORK, Feb. 6, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Xcel Brands, Inc. (OTCQX: XELB), a leader and innovator in Omnichannel retail sales and owner of the Isaac Mizrahi designer apparel brands, has chosen to trade on OTCQX®, the qualified OTC marketplace with the highest financial standards and third-party sponsorship.
Xcel Brands will begin trading today on OTCQX U.S., a segment of the OTCQX marketplace reserved for high-quality U.S. companies that meet financial standards and provide timely news and disclosure to investors. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased Xcel Brands has chosen to trade on OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Companies trading on OTCQX demonstrate their commitment to providing superior information to investors and maintaining the highest quality standards.""We are proud to join OTCQX, the highest OTC marketplace," said Robert D'Loren, Chairman and CEO of Xcel Brands. "We are committed to providing our U.S. investors with timely news and information to help them better analyze, value and trade our securities." Brean Capital, LLC will serve as Xcel Brands' Designated Advisor for Disclosure ("DAD") on OTCQX, responsible for providing professional guidance on OTCQX requirements. Xcel Brands engages in the acquisition, design, licensing and marketing of consumer brands incorporating an OMNICHANNEL sales strategy inclusive of interactive media, digital and bricks and mortar retail. In 2011, the company acquired designer apparel brand Isaac Mizrahi New York and an interest in Liz Claiborne New York, quickly expanding into 100+ categories for the Isaac Mizrahi brand. The company's executive management team possesses significant talent, experience and a proven track record of success to create and grow branded consumer products businesses.