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 DMX Technologies Group Ltd. (SGX: 5CH; OTCQX: DMXTY), an internet network infrastructure and digital media solutions & services provider, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX®.
DMX Technologies 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.
“Investor-focused companies use the quality-controlled OTCQX platform to offer their investors transparent trading, superior information and easy access through their regulated U.S. broker-dealers,” said R. Cromwell Coulson, President and CEO of Pink OTC Markets. “We are pleased to welcome DMX Technologies to OTCQX.”
Madison Williams and Company will serve as DMX Technologies’ Principal American Liaison (“PAL”) on OTCQX, responsible for providing guidance on OTCQX requirements.
“We are delighted to be accepted into the most prestigious tier on the OTC market, allowing us to benefit from access to a diverse U.S. based investor pool to share the Group’s exciting plans in the digital TV market within China. The timing of the ADR launch could not have been better as a host of technology firms in the States have launched IPTV related products & services, ushering in a new era for digital media. We hope to speak about how this wave of digital migration will impact us in the Asian region when we hold our first roadshow for U.S. institutional investors in the week of 27th September 2010,” said Ms. Jismyl Teo, CEO of DMX Technologies.
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Steve Husk, CEO of FRSGlobal, discusses the factors financial institutions are faced with in order to equip themselves against the current regulatory environment.
The adoption of IFRS for Canadian companies is in full swing. As of January 1, 2010, Canadian companies are required to file financial statements under IFRS. Although Canadian GAAP and IFRS are similar, there are three main differences that have posed a challenge for companies: effectiveness testing, hedge accounting eligibility, and fair value measurement. While not an exhaustive list, these issues have posed the greatest challenge for Canadian corporations during the first quarter of 2010. The following paper clarifies some of the differences in hedge accounting between Canadian GAAP and IFRS and shares best practices for hedge accounting to help Canadian corporations navigate through the transition.
With this Spring 2010 Edition of the Phone System Comparison Chart quickly see differences between brands like Avaya, Mitel, Cisco, ShoreTel, 8x8, Panasonic, etc and compare over 94 phone systems by 52 brands for small to big business.