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OTC Stock News: Localiza Rent A Car SA (OTCQX: OTCM) Joins OTCQX
Category: Investment, Brazil
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News about OTC Markets Group Inc.
NEW YORK, NY - September 10, 2012 (InvestorIdeas.com Newswire) OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, announced Friday September 7th that Localiza Rent A Car SA (OTCQX: LZRFY; BM&FBovespa: RENT3), the largest car rental company in South America with more than 100,000 cars distributed in more than 500 locations, has chosen to have its American Depositary Receipts (ADRs) traded on the highest OTC marketplace, OTCQX®.Localiza began trading today on the OTC market’s prestigious tier, OTCQX International Premier. Investors can find current financial disclosures and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
"We are pleased to welcome Localiza to our growing list of world-class issuers on OTCQX," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. “The superior information and visibility of the OTCQX marketplace allows companies to efficiently build investor confidence and expand their shareholder base."
Deutsche Bank will serve as Localiza’s Depositary Bank and Principal American Liaison (“PAL") on OTCQX, responsible for providing guidance on OTCQX requirements and U.S. securities laws.
About Localiza Rent A Car SA
Localiza Rent A Car SA (OTCQX: LZRFY; BM&FBovespa: RENT3) trades in the United States on OTCQX under the symbol “LZRFY", where each ADR represents 1 ordinary share. The Company is the biggest car rental company in South America in terms of number of branches present in eight countries ( Brazil , Argentina , Bolivia , Colombia , Ecuador , Paraguay , Peru and Uruguay ). It also operates in the fleet rental business and franchising of the car rental business. The businesses complement each other and Localiza benefits from significant synergies that exist between them.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for investors to easily trade almost 10,000 equity and debt securities through the broker of their choice. Our OTC Link® ATS directly links a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into tiered marketplaces to inform investors of opportunities and risks - OTCQX® - The Intelligent Marketplace for the Best OTC Companies; OTCQB® - The Venture Marketplace; and OTC Pink® - The Open Marketplace. Our data-driven platform enables efficient trading through any broker at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create smarter financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC registered ATS.
Media Contact for OTC Markets Group:
Grace Keith, OTC Markets Group Inc., +1 (212) 896-4428, grace@otcmarkets.com
This news is published on the Investorideas.com Newswire and its syndicated partner network
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