Localiza Rent A Car SA Joins OTCQX
NEW YORK, Sept. 7, 2012
NEW YORK, Sept. 7, 2012 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM),
operator of Open, Transparent and Connected financial marketplaces, today
announced that Localiza Rent A Car SA (OTCQX: LZRFY; BM&FBovespa: RENT3), the
largest car rental company in South America with more than 100,000 cars
distributed in more than 500 locations, has chosen to have its American
Depositary Receipts (ADRs) traded on the highest OTC marketplace, OTCQX^®.
(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO )
Localiza began trading today on the OTC market's prestigious tier, OTCQX
International Premier. Investors can find current financial disclosures and
Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
"We are pleased to welcome Localiza to our growing list of world-class issuers
on OTCQX," saidR. Cromwell Coulson, President and Chief Executive Officer of
OTC Markets Group. "The superior information and visibility of the OTCQX
marketplace allows companies to efficiently build investor confidence and
expand their shareholder base."
Deutsche Bank will serve as Localiza's Depositary Bank and Principal American
Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX
requirements and U.S. securities laws.
About Localiza Rent A Car SA
Localiza Rent A Car SA (OTCQX: LZRFY; BM&FBovespa: RENT3) trades in the United
States on OTCQX under the symbol "LZRFY", where each ADR represents 1 ordinary
share. The Company is the biggest car rental company in South America in terms
of number of branches present in eight countries (Brazil, Argentina, Bolivia,
Colombia, Ecuador, Paraguay, Peru and Uruguay). It also operates in the fleet
rental business and franchising of the car rental business. The businesses
complement each other and Localiza benefits from significant synergies that
exist between them.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected
financial marketplaces for investors to easily trade almost 10,000 equity and
debt securities through the broker of their choice. Our OTC Link^® ATS
directly links a diverse network of broker-dealers that provide liquidity and
execution services for a wide spectrum of securities. We organize these
securities into tiered marketplaces to inform investors of opportunities and
risks - OTCQX^® - The Intelligent Marketplace for the Best OTC Companies;
OTCQB^® - The Venture Marketplace; and OTC Pink^® - The Open Marketplace. Our
data-driven platform enables efficient trading through any broker at the best
possible price and empowers a broad range of companies to improve the quality
and availability of information for their investors. To learn more about how
we create smarter financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC registered
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SOURCE OTC Markets Group Inc.
Contact: Grace Keith, OTC Markets Group Inc., +1-212-896-4428,
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