NEW YORK, Jan. 3, 2012 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM) the financial information and technology services company that provides the world’s largest electronic marketplace for broker-dealers to trade unlisted stocks, announced that iSonea Ltd. (OTCQX: ISOAY; ASX: ISN), an Australian medical device manufacturer, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX®.
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iSonea 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.otcmarkets.com.
“We are pleased to welcome iSonea to OTCQX,” said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. “Investors prefer the quality-controlled admission process on OTCQX which identifies the segment of OTC companies focused on valuation and transparency.”
BNY Mellon will serve as iSonea’s Principal American Liaison (“PAL”) on OTCQX, responsible for providing guidance on OTCQX requirements.
About iSonea Ltd.
iSonea Ltd. (OTCQX: ISOAY; ASX: ISN) trades in the United States on OTCQX under the symbol “ISOAY,” where each ADR represents 500 ordinary shares. iSonea manufactures medical devices for the monitoring and management of breathing disorders, particularly related to asthma, sleep apnea and chronic obstructive pulmonary disease. The company’s devices use proprietary acoustic sensors to listen to the movement of air through a patient’s airways and lungs and proprietary software to analyze the sound.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world’s largest electronic marketplace for broker-dealers to trade unlisted stocks. Our OTC Link platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. We categorize the wide spectrum of OTC-traded companies into three tiers - OTCQX (the quality-controlled marketplace), OTCQB® (the venture marketplace), and OTC Pink (the open marketplace) - so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.
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