Smith-Midland Corporation (OTCBB: SMID) announced today that as of
December 31, 2015, the Company will be qualified to trade on the OTCQX®
Best Marketplace, the top tier of the OTC Markets Group.
“We are pleased to be traded among the top 5% of companies on the OTCQX
market. The OTCQX market consists of 486 securities of the 9,853
currently traded securities on the over-the-counter (“OTC”) markets; of
these 486 securities, Smith-Midland is in the OTCQX U.S. Premier tier of
which there are only 98 securities. The OTCQX market is for established,
investor-focused U.S. and global companies that have met high financial
standards, are current in their disclosure and are sponsored by a
professional third-party advisor. The companies found on OTCQX are
distinguished by the excellence of their operations and diligence with
which they convey their qualifications. The Board of Directors and
management of Smith-Midland have worked diligently to increase the value
of our stock for our investors. We anticipate that reaching OTC Markets
Group’s highest level of financial and compliance requirements will
increase our visibility and allow us to attract more shareholders from a
broader investment community,” stated Rodney I. Smith, Chairman and CEO
of Smith-Midland Corp.
The Smith-Midland Corporation develops, manufactures, rents, and sells a
broad array of precast concrete products for use primarily in the
construction, transportation and utilities industries. Its wholly-owned
subsidiary, Easi-Set Worldwide, licenses the manufacturing of many of
these proprietary products to precasters across the globe.
This announcement contains forward-looking statements, which involve
risks and uncertainties. The Company's actual results may differ
significantly from the results discussed in the forward-looking
statements. Factors which might cause such a difference include, but are
not limited to, product demand, the impact of competitive products and
pricing, capacity and supply constraints or difficulties, general
business and economic conditions, the effect of the Company's accounting
policies and other risks detailed in the Company's Annual Report on Form
10-K and other filings with the Securities and Exchange Commission.
For more complete information on Smith-Midland Corporation, visit the
Company’s web site at SMITHDELAWARE.com.
The “Investor Relations” area will include the Company’s Form 10-K.
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