Smith-Midland Corporation Announces Upgrade to OTCQX Best Marketplace
By Business Wire News
By Business Wire News
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.