NEW YORK, Feb. 7, 2014 (GLOBE NEWSWIRE) -- NASDAQ OMX's (Nasdaq:NDAQ), GlobeNewswire one of the world's largest news distribution services, and OTC Markets Group Inc. (OTCQX:OTCM) announced a strategic agreement that integrates GlobeNewswire's press release service with OTC Markets Group's OTC Disclosure & News Service®, providing seamless connectivity and expanded news distribution options for OTCQX®, OTCQB® and OTC Pink® companies.
"We are pleased to now offer integration of our OTC Disclosure & News Service with GlobeNewswire's news distribution service," said Lisabeth Heese, Managing Director of Issuer and Information Services for OTC Markets Group. "One of our chief goals at OTC Markets Group is to enhance and streamline the communications and SEC compliance process for OTCQX, OTCQB and OTC Pink companies, enabling them to cost-effectively reach a wider audience of U.S. investors, analysts, the media and other stakeholders. Our agreement with GlobeNewswire will allow us to further our efforts to bring transparency and efficiency to our market."
Companies can now use GlobeNewswire to publish press releases directly via OTC Markets Group's OTC Disclosure & News Service, which feeds a company's stock page at www.otcmarkets.com , market data distributors, investment databases and the broker-dealers who trade OTCQX, OTCQB and OTC Pink securities, eliminating duplication and maximizing distribution of company news and financial information."The integration with OTC Disclosure & News Service streamlines the disclosure process for our mutual clients at GlobeNewswire and OTC Markets Group," said Gaugarin Oliver, Vice President of PR Solutions, Corporate Solutions, NASDAQ OMX. "It allows OTCQX, OTCQB and OTC Pink companies to fulfill their compliance obligations with OTC Markets Group's Issuer Compliance Department and distribute press releases to the media and investment communities simultaneously through GlobeNewswire, now a one-stop solution for disclosure compliance and comprehensive newswire distribution."