NEW YORK, Feb. 25, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced Webjet Ltd. (ASX: WEB; OTCQX: WEBJF), Australia and New Zealand's leading online travel agency, has qualified to trade on OTCQX®, the best marketplace for established, global and growth companies.
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Webjet begins trading today on OTCQX under the symbol "WEBJF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are proud to welcome Webjet to OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Trading on OTCQX will expose Webjet to more U.S. investors through transparent trading and convenient access to its news and financial disclosure. We look forward to supporting Webjet as it continues to expand and grow its business globally."
"We are excited about the opportunity that the OTCQX global share structure provides to increase liquidity and access a broader shareholder base by providing direct market access to U.S. investors," said John Guscic, Managing Director of Webjet Ltd.
Cowen and Company, LLC serves as Webjet's Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
Webjet is an ASX listed online travel company selling to both consumers (B2C) and business (B2B) organizations. In the B2C market, it operates the leading consumer brands Webjet and ZUJI which have regional coverage across Australia, New Zealand, Singapore and Hong Kong. In the B2B market, Webjet sells hotel rooms to its travel agent partners via Lots of Hotels (an international hotel aggregation platform operating predominantly in the Middle East and Africa) and SunHotels Group (a European based company specializing in major markets of Scandinavia and Europe).
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to better inform investors of opportunities and risks – OTCQX®, The Best Marketplace; OTCQB®, The Venture Marketplace; and OTC Pink®, The Open Marketplace. Our data-driven platform enables investors to easily trade through the broker of their choice 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 better informed and more efficient financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
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Media Contact:
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, saskia@otcmarkets.com
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SOURCE OTC Markets Group Inc.