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OTC Markets' Transfer Agent Verified Shares Program Expands

Traders Magazine Online News, September 7, 2018

John D'Antona Jr.

OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, announced that five (5) additional transfer agents have joined OTC Markets' Transfer Agent Verified Shares Program.  Action Stock Transfer, Manhattan Transfer Registrar Co., Mountain Share Transfer, Pacific Stock Transfer and Securities Transfer Corporation are now included among a distinguished roster of leading transfer agents that are working with OTC Markets Group to create better informed and more efficient financial markets.  91% of US companies trading on our OTCQX and OTCQB markets are represented by 25 participating transfer agents.

Effective January 1, 2019, OTC Markets Group plans to require all US companies trading on the OTCQX and OTCQB Markets to provide verified share data through a transfer agent who participates in the Transfer Agent Verified Share Program.

OTC Markets Group launched the Transfer Agent Verified Shares Program in order to provide investors with current and reliable share data on OTCQX and OTCQB securities.  The program enables eligible stock transfer agents to report their clients' share data, including authorized and outstanding shares, to OTC Markets Group on a regular basis via a secure, electronic file transfer. 

Share data provided by transfer agents is displayed on alongside a "Verified by Transfer Agent" logo, indicating the information is reliable and trustworthy.  This data is also disseminated through OTC Markets Group's market data feeds and is widely available to investors and broker dealers. 

"The recent additions of Action, Manhattan, Mountain Share, Pacific and Securities Transfer Corporation further expand the availability of key data in OTCQX and OTCQB securities," said Liz Heese, Executive Vice President of Issuer and Information Services at OTC Markets Group. "We are delighted to welcome this latest group of providers to our growing portfolio of transfer agents who have qualified to take part in the Transfer Agent Verified Shares Program."

"As one of the premier service providers for issues traded on the OTC Markets Group trading platforms, Pacific Services Group ("PSG"), including Pacific Stock Transfer and Capital Transfer Agency, is excited to participate in the Transfer Agent Verified Shares Program ("TAVSP")," said Kevin Kopaunik, CEO of PSG. "PSG recognizes the extreme importance of technology in the marketplace and participating in TAVSP allows technology to assist in providing transparency in the marketplace."

"Our Clients understand investors are presented with a growing number of investment opportunities and having the right partnership can help drive interest in our clients and improve the overall investor experience. We are excited to be partnering with OTC Markets through their Transfer Agent Verified Shares Program to bring transparency to the market and improve the relationship between investors and our Issuers," said Jason Freeman, Director of Relationship Management at Securities Transfer Corporation.

"Manhattan Transfer Registrar Co. is honored to be participating in OTC Markets Group's "Transfer Agent Verified Shares Program."  Providing the public with our issuers' current and accurate share structure information gives current shareholders and future investors the transparency they need to make informed investment decisions. We are eager to see the positive changes that will unfold from this initiative."

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