Mr. Omri Brill reports
ADCORE ANNOUNCES COMMENCEMENT OF TRADING ON THE OTCQX BEST MARKET IN THE UNITED STATES
Adcore Inc.'s common shares are now qualified for trading under the ticker symbol ADCOF on the OTCQX Best Market, a United States trading platform operated by OTC Markets Group Inc. in New York. The company's common shares will continue to trade on the Toronto Stock Exchange under the symbol ADCO and on the Frankfurt Stock Exchange under the symbol ADQ.
The OTCQX Best Market is recognized by the U.S. Securities and Exchange Commission as an established public market providing public information for the analysis and value of securities. As a verified market with efficient access for U.S. investors, the OTCQX Best Market helps companies build shareholder value, with the goals of enhancing liquidity and achieving a fair valuation. The OTCQX Best Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home-market reporting to make their information available in the United States. To qualify for the OTCQX Best Market, companies must: meet high financial standards; follow best practice corporate governance; and demonstrate compliance with applicable securities laws.
Given that Adcore is now traded on the OTCQX Best Market, the company is in the process of securing Depository Trust Company (DTC) eligibility for its common shares. DTC manages the electronic clearing and settlement of publicly traded companies across the United States and 131 other countries. Trading through DTC allows for cost-effective clearing and guaranteed settlement, simplifying and accelerating the settlement process of daily trades.
"Many of our U.S.-based investors have been waiting for some while for the company to start trading on the OTCQX. As anticipated, I'm happy to announce that today we will begin trading on the OTCQX," commented Omri Brill, chief executive officer of Adcore. "This is yet another demonstration of the company's commitment to building long-term shareholder value, both in the U.S. and Canada. We believe this will complement our Toronto Stock Exchange listing by further broadening our visibility to a large investor audience as we continue to create unique solutions and drive growth as a marketing innovator in the e-commerce sector.
"Moreover, I believe that once the company is DTC eligible, this will further improve our overall liquidity and help to accelerate the expansion of our shareholder base in North America over time."
Securities Law USA PLLC acted as the company's OTCQX sponsor.
About Adcore Inc.
Adcore is empowering entrepreneurs, advertisers and the future of e-commerce through its advertising management and automation platform. By combining extensive industry knowledge and experience with its proprietary artificial intelligence engine, Adcore offers a unique digital marketing solution that empowers entrepreneurs and advertisers by managing and automating their e-commerce store advertising, and monitoring and analyzing the performance of their advertising budget to ensure maximum return on investment. In addition to being named numerous times on Deloitte's Fast 50 Technology list, Adcore is a certified Google Premier partner, Microsoft partner, Facebook partner and TikTok partner.
Established in 2006, the company employs greater than 50 people at its headquarters in Tel Aviv, Israel, and satellite offices in Melbourne, Australia, Toronto, Canada, and Hong Kong and Shanghai, China.
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