NEW YORK - September 20, 2022 (Investorideas.com Newswire) FatBrain AI (LZG International Inc.; OTC: LZGI), the leader in powerful and easy-to-use artificial intelligence (AI) solutions empowering global growth businesses, is pleased to announce it has begun the process for moving off the OTC Pink Sheets® and uplisting to the OTCQB Venture Market. The Company has completed and submitted the required paperwork to facilitate the planned uplist.
FatBrain AI believes the move to the OTCQB will provide enhanced investor benefits including higher reporting standards, greater access to analyst coverage and news services, and more comprehensive compliance requirements. The OTCQB is considered by the Securities and Exchange Commission (SEC) as an "established public market" for determining the public market price when registering securities for resale with the SEC. The OTC Pink is not considered as such, and most broker dealers will not trade or recommend OTC Pink stocks. As the OTCQB dramatically increases transparency, reporting standards, management certification and compliance requirements, most broker dealers trade stocks on the OTCQB.
Historically, companies that have made the move up to the OTCQB tier have experienced increased investor awareness, greater liquidity and visibility of their common stock.
Peter B. Ritz, co-founder and CEO of FatBrain AI, said, "Uplisting to the OTCQB will assist our company in providing greater shareholder value. It will allow us to achieve greater market visibility along with increased trading liquidity within the investment community. We look forward to showcasing our company to a larger audience of domestic and international investors." Mr. Ritz added, "Uplisting to OTCQB is the first of several exciting advancements planned. We believe that while this is just the first step toward a more favorable NASDAQ listing, it provides immediate market credibility to expedite our mission to become a global AI solutions provider."
For more information, see: OTCQB Eligibility Requirements at https://www.otcmarkets.com.
About OTC Markets Group and the OTCQB Venture Market:
OTC Markets Group Inc. operates financial markets for 12,000 U.S. and global securities. We organize these securities into three markets based on the quality and timeliness of information a company provides to investors: the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market. We utilize the power of technology to make markets more efficient, empowering a broad range of companies to improve their investor experience - all without the cost, complexity and resource drain common with an exchange listing.
The OTCQB® Venture Market is for entrepreneurial and development stage U.S. and international companies. To be eligible, companies must be current in their reporting, have a minimum bid price of $0.01, may not be in bankruptcy and must undergo an annual verification and management certification process. These standards provide a strong baseline of transparency to improve the information and trading experience for investors.
About FatBrain AI (LZG International, Inc.):
FatBrain AI (LZG International, Inc.; OTC: LZGI) provides powerful and easy-to-use AI solutions to empower the star enterprises of tomorrow (aka mSMEs) to grow, innovate, and drive the majority of the global economy. FatBrain's AI 2.0 technologies and advanced data services transform continuous learning, narrative reasoning, cloud and blockchain technologies into auditable, explainable and easy to integrate AI solutions. FatBrain's subscription model allows all companies to deploy its advanced AI solutions quickly and easily, securely utilizing them on premises behind their firewalls or via cloud.
For more information, please visit: https://www.fatbrain.ai
Source: FatBrain; LZG International, Inc.
Safe Harbor Statement
This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on September 13, 2022. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. All forecasts provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are based entirely on management's best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
SOURCE LZG International, Inc.
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