Let’s GOWEX Begins Trading on OTCQX Market®
• GOWEX ADRs will trade on the OTCQX Market®, the premier tier of the
over-the-counter (OTC) marketplace in the U.S.
• GOWEX will join Adidas, Repsol, Gazprom and AkzoNobel by listing on the
MADRID -- April 16, 2013
GOWEX (GOW-MAB, ALGOW-NYSE Alternext, LGWXY), a leader in creating Wi-Fi Smart
Cities (Wireless Smart Cities®) and Intelligent Wi-Fi for Transport, has
chosen to have its American Depositary Receipts (ADRs) traded on OTCQX®, ^ the
best OTC marketplace with qualified companies.
Following the stock split by 5:1 effective since March 25, the ADR ratio per
share remains 1 ADR per common share.
GOWEX ADRs will move to the OTCQX Market®, the largest OTC market in the U.S.
which has been chosen by prominent international companies including Gazprom,
Adidas and Peugeot among many others.
U.S. investors can find information about the Company and its ADR listing at
BNY Mellon will continue to be the custodian bank of GOWEX ADRs on OTCQX® and
will be responsible for advising the Company and making sure that it meets
About GOWEX (GOW-MAB, ALGOW-NYSE Alternext, LGWXY OTCQX)
GOWEX has operated in the telecommunications sector for 14 years. It is
currently leading the creation of "Wi-Fi Cities," which offers free and
premium Wi-Fi connectivity on the street and in public transportation. The
company exports its innovative business models to cities in Europe, South
America, Asia, and emerging countries.
In 2010, GOWEX became the first and only Spanish SMB to achieve a "dual
listing," publicly traded in MAB (GOW) and NYSE-Euronext (ALGOW). The
company's total revenue amounted to €66.7 million in 2011, and for the first
half of 2012, it was €41 million (a 60% increase over the same period in
2011). In December 2012, GOWEX executed a €18 million capital raising
exercise, adding 1,528,404 new common shares to the market. In February 2012,
the SEC approved the launch of a program of ADR’s (American Depositary
Receipts), enabling the Group to also be traded in the United States on the
Headquartered in Madrid, the company has offices in Burgos, Buenos Aires,
London, San José (Costa Rica), Paris, Shanghai, and Dubai. GOWEX has developed
a sustainable business model in its Wi-Fi networks, based on the efficient and
technical quality of their patented platforms. Its “Roaming Platform” allows
users to connect freely in all the cities and the “Geolocalization Content and
Advertisement Platform,” which enables marketing and advertising agreements.
In 2011, GOWEX joined the Wireless Broadband Alliance and received a prize for
the “Best Web Company” on Internet Day.
In February 2012, Jenaro García GOWEX CEO received the “Entrepreneur of the
Year Award” by Ernst & Young in the category of "Innovation.”
David Villafruela Orduna
+34 635 58 16 53
Inmaculada Guerra Paz
+34 635 58 16 53
Florencia Mate Garabito
+34 670 73 85 79
Alicia Vinas Diaz
+34 91 360 14 70
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