AgriMarine Commences Trading on OTCQX

January 20, 2011 15:07

AgriMarine Holdings Inc., a leader in floating closed containment technology and production for sustainable aquaculture, is pleased to announce that the Company's shares began trading today on OTCQX, the premier tier of the Over The Counter market in the United States, under the symbol "AGMHF". OTCQX is owned and operated by OTC Markets Group Inc., reports www.megafishnet.com with reference to AgriMarine.

As part of the OTCQX application process, AgriMarine is now included in the Standard & Poors Corporation Records publication.

Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcqx.com and www.otcmarkets.com .

"The superior information and visibility of the OTCQX marketplace allows companies to efficiently build investor confidence and expand their shareholder base," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome AgriMarine to OTCQX."

Dorsey & Whitney LLP will serve as AgriMarine's Principal American Liaison on OTCQX, responsible for providing guidance on OTCQX requirements.

Management believes the Company's shares are best suited to the OTCQX trading platform in the US. Built on a robust electronic quotation and trading platform, the OTCQX trading platform has emerged as the world's leading premier cross-listing venture for international issuers that wish to benefit from U.S. trading and investor demand without diluting their current shareholder base. The Company's shares may still be purchased and sold through all normal trading channels.

"AgriMarine believes that joining the OTCQX is a cost effective method to facilitate a U.S. presence", stated Richard Buchanan, President and CEO of AgriMarine. "With the Company now trading on the OTCQX, TSX Venture Exchange and Frankfurt Exchange, we are confident that we have the platforms required to broaden our shareholder base, enhance liquidity and increase international awareness of our Company as we advance our projects in China and Canada."

About OTCQX
The OTCQX marketplace is the premier tier of the U.S. OTC market. Investor-focused companies use the quality-controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. stock exchange. For more information and to view a full list of OTCQX companies, visit www.otcqx.com.

About Dorsey & Whitney LLP
Dorsey represents a number of the world's most successful Fortune 500 companies from a variety of disciplines, including leaders in the financial services, investment banking, life sciences, securities, technology and energy sectors, as well as nonprofit and government entities.

Dorsey works closely with clients' Canadian solicitors to provide seamless cross-border legal services. The firm acts as U.S. counsel to Canadian public companies and represents issuers and underwriters in cross-border public and private debt and equity offerings by Canadian entities in the securities markets of the United States, Europe and other areas of the world. Dorsey advises on all aspects of cross-border securities activities and commercial law matters.

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