NEW YORK, Jan. 21, 2011 /PRNewswire/ -- OTC Markets Group
Inc. (OTCQX: OTCM), the financial information and technology
services company that operates the leading electronic quotation and
trading system in the U.S. OTC securities market, today announced
that Quantum Rare Earth Developments (TSX.V: QRE; OTCQX: QREDF), an
exploration and development company, is now trading on the OTC
market's highest tier, OTCQX®.
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"The OTCQX platform offers investor-focused companies a winning
combination of quality control, transparency, and broader
visibility to U.S. investors," said R.
Cromwell Coulson, President and Chief Executive Officer of
OTC Markets Group. "We are pleased to welcome Quantum Rare Earth
Developments to OTCQX."
Quantum Rare Earth Developments 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.otcqx.com and www.otcmarkets.com.
Berenbaum Weinshienk PC will serve as Quantum Rare Earth's
Principal American Liaison ("PAL") on OTCQX, responsible for
providing guidance on OTCQX requirements.
About Quantum Rare Earth Developments Corp.
Quantum Rare Earth Developments (TSX.V: QRE; OTCQX: QREDF),
trades in the United States on
OTCQX under the symbol "QREDF". Quantum Rare Earth Developments is
an exploration and development company with a focus on seeking out
potentially economic deposits of niobium and rare earth elements in
North America and elsewhere in the
world. It currently has two primary projects, the Elk Creek Niobium
and Rare Earth project in Nebraska, and the Archie Lake Rare Earth
project in Saskatchewan,
Canada.
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. In 2010, securities on
OTC Link traded over $144 billion in
dollar volume, making it the third largest U.S. equity trading
venue after NASDAQ and the New York Stock Exchange. We
categorize the wide spectrum of OTC-traded companies into three
tiers– OTCQX (the quality-controlled marketplace for investor
friendly companies), OTCQB (the U.S. reporting company marketplace
for development stage companies), and OTC Pink (the speculative
trading 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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SOURCE OTC Markets Group Inc.