NEW YORK, Sept. 18, 2017 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities,
today announced Covalon Technologies
Ltd. (TSX-V: COV; OTCQX: CVALF), a researcher, developer, manufacturer, and marketer of patent protected medical products,
has qualified to trade on the OTCQX® Best Market. Covalon Technologies upgraded to OTCQX from the Pink® market.
Covalon Technologies begins trading today on OTCQX under the symbol "CVALF." U.S. investors can find current financial
disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"Trading on OTCQX will enable Covalon Technologies to provide a transparent trading and information experience for its U.S.
investors as it focuses on growing its business and delivering long-term shareholder value," said Jason
Paltrowitz, Executive Vice President of OTC Markets Group. "We welcome Covalon to the OTCQX market and wish the company
growth and success."
"We are seeing increasing investor interest from the United States and having our
shares also trade on OTCQX will help increase shareholder liquidity," said Danny Brannagan, Chief
Financial Officer of Covalon Technologies Ltd. "Our strong growth in revenue and profits combined with our growing presence in
global healthcare markets makes Covalon an attractive company for the investment community in the
United States. OTCQX provides Covalon with exposure to both institutional and retail investors through major online and
full-service brokerage firms, helping us to continue to drive shareholder value for existing shareholders and provide
opportunities for future shareholders."
Covalon Technologies was sponsored for OTCQX by McMillan LLP, a qualified third-party firm responsible for providing guidance
on OTCQX requirements and recommending membership.
About Covalon Technologies
Covalon Technologies Ltd. researches, develops and commercializes new healthcare technologies that help save
lives around the world. Covalon's patented technologies, products and services address the advanced healthcare needs of
medical device companies, healthcare providers and individual consumers. Covalon's technologies are used to prevent,
detect and manage medical conditions in specialty areas such as wound care, tissue repair, infection control, disease management,
medical device coatings and biocompatibility. To learn more about Covalon, visit our website at www.covalon.com
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink®
Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, we connect a diverse network of broker-dealers
that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and
empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS. Subscribe to the OTC Markets RSS Feed
Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
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SOURCE OTC Markets Group Inc.