SAN FRANCISCO, Jan. 13, 2012/PRNewswire/ -- Merriman Capital, Inc., a wholly owned subsidiary of Alexium International Group Limited (OTCQX: AXXIY; ASX: AJX; AX: AJX) as its American Depositary Receipts (ADRs) begin trading on OTCQX®.
Alexium holds proprietary patent applications for a process developed by the U.S. Department of Defense, which allows the surface modification and attachment of nanoparticles or multiple chemical functional groups to surfaces or substrates to provide functions such as water proofing, oil proofing, anti microbial, non-stick and UV protection. The Company announced today that its ADRs, each representing 40 ordinary shares, are now trading on the OTC market's highest tier, OTCQX.
OTCQX distinguishes the best companies traded over-the-counter (OTC) from more than 9,000 securities traded on the OTCBB and OTC Link that are not required to meet any financial standards or undergo a qualitative review.
Spencer Grimes, Head of Capital Markets Services at Merriman Capital, stated: "We are excited to welcome Alexium to OTCQX as their PAL sponsor. OTCQX offers a tremendous opportunity for innovative, fast-growing companies, like Alexium, to access U.S. capital markets, which remain the deepest and most developed in the world. The Company is enabling the next generation of material science and nanotechnology to successfully create a new, diversified marketplace in the 21st Century. We look forward to increasing Alexium's exposure to retail and institutional investors through the unique platform that OTCQX offers international companies seeking access to U.S. capital."
About Merriman Capital, Inc.
Merriman Capital, Inc. is an investment banking firm
providing equity and options execution services, market
making, and differentiated research for high growth
companies. We also provide capital raising, advisory, and
M&A services. Merriman Capital, Inc. is a wholly owned
subsidiary of .
About Alexium International Group Limited
Alexium International Group Limited (OTCQX:AXXIY; ASX: AJX;
AX: AJX) holds proprietary patent applications for a
process developed initially by the U.S. Department of
Defense , which allows for the surface modification and
attachment of nanoparticles or multiple chemical functional
groups to surfaces or substrates to provide functions such
as water proofing, oil proofing, anti-microbial, non-stick
and UV protection. Applications under development include
but are not limited to textiles, paints, packaging, glass
and building materials.
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 .
Note to Investors
This press release contains certain forward-looking
statements based on our current expectations, forecasts and
assumptions that involve risks and uncertainties. This
release does not constitute an offer to sell or a
solicitation of offers to buy any securities of the
Company. Forward-looking statements in this release are
based on information available to us as of the date hereof.
Our actual results may differ materially from those stated
or implied in such forward-looking statements, due to risks
and uncertainties associated with our business, which
include the risk factors disclosed in our Form 10-K/A filed
on April 28, 2011and our Form 10-Q filed on
November14, 2011. Forward-looking statements include
statements regarding our expectations, beliefs, intentions
or strategies regarding the future and can be identified by
forward-looking words such as "anticipate,"
"believe," "could,"
"estimate," "expect,"
"intend," "may," "should,"
and "would" or similar words. We assume no
obligation to update the information included in this press
release, whether as a result of new information, future
events or otherwise. The Form 10-K/A filed on April
28, 2011and 10-Q filed on November 14,
2011, together with this press release and the
financial information contained herein, are available on
our website, . Please click on "Investor
Relations."
SOURCE
Spencer Grimes, +1-415-262-1342, or Howard Bernstein, Chief Compliance Officer, +1-415-262-1377, both of Merriman Capital, Inc.
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