Rainmaker Systems Begins Trading on OTCQX(R)
Rainmaker Systems Begins Trading on OTCQX(R)
CAMPBELL, CA -- (Marketwired) -- 08/07/13 -- Rainmaker Systems, Inc. (OTCQX: RMKR), a recognized technology leader in the rapidly emerging Cloud-based B2B e-Commerce market based in Silicon Valley, announced today that its shares will begin trading on OTCQX(R) U.S., the highest tier of the OTC markets. Scarsdale Equities LLC will act as the Company's Investment Bank Designated Advisor for Disclosure ("DAD"), responsible for providing guidance on OTCQX requirements.
OTCQX U.S. is a segment of the OTCQX marketplace reserved for high-quality U.S. companies that meet financial standards, undergo management reviews, and provide timely news and disclosure to investors. Investors can find current financial disclosure and Real-Time Level 2 quotes at www.otcmarkets.com.
"Rainmaker is committed to providing timely news and information to help investors better analyze, value and trade our securities," said Mallorie Burak, Chief Financial Officer of Rainmaker Systems. "Listing our common stock on the OTCQX allows us the opportunity to offer these significant benefits to both existing and future shareholders."
"We are excited to welcome Rainmaker Systems to the OTCQX marketplace and serve as their DAD," said Spencer Grimes, Senior Managing Director of Scarsdale Equities. "OTCQX U.S. provides a world-class home for companies such as Rainmaker that are looking for alternatives to the traditional exchange listing model. The movement of companies like Rainmaker onto OTCQX demonstrates the dramatic increase in profile the marketplace has experienced since inception."
About Rainmaker Systems, Inc. Rainmaker Systems is a B2B e-Commerce company that helps organizations of all sizes, ranging from Fortune 500 enterprises to small-to-medium-sized businesses, create new revenue streams from segments of their customer base that extend beyond traditional sales team capabilities. With its unique approach, Rainmaker Systems delivers proprietary cloud-based e-Commerce technology, global and localized sales-assist agents, and best-practice sales and marketing expertise, allowing customers to discover and monetize untapped revenue opportunities.
Rainmaker trades in the U.S. on OTCQX under the symbol "RMKR."
About Scarsdale Equities LLC Scarsdale Equities LLC is an institutional FINRA member broker/dealer and SIPC member with offices in New York, NY, and San Francisco, CA. The founding partners of Scarsdale Equities LLC are respected veterans of the U.S. financial services industry with solid track records as investors, analysts, and investment bankers. The firm's main services are: investment banking, institutional equity brokerage, corporate services, institutional equity research, and discretionary account management.
About OTCQX OTCQX is the highest market tier on the over-the-counter 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 investors a level of marketplace services formerly available only on a U.S. exchange.
OTCQX securities are quoted on the OTC Link ATS, which directly links a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. This data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
Safe Harbor Statement This press release may contain forward-looking statements regarding future events. These forward-looking statements are based on information available to Rainmaker as of this date and the Company assumes no obligation to update any such forward-looking statements. These statements are not guarantees of future performance, and actual results could differ materially from current expectations. Among the factors that could cause actual results to differ materially from those in the forward-looking statements are client concentration, as the company depends on a small number of clients for a significant percentage of its revenue; the possibility of the discontinuation and/or realignment of some client relationships; general market conditions, the current difficult macro-economic environment and its impact on Rainmaker's business, as clients are reducing their overall marketing spending and their customers are reducing their purchase of service contracts; market acceptance of our service programs and pricing options; the financial condition of our clients' businesses and other factors detailed the company's filings with the Securities and Exchange Commission (SEC), including our filings on forms 10-K and 10-Q.
Mallorie Burak Chief Financial Officer Rainmaker Systems, Inc. 408-340-2510 firstname.lastname@example.org