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
"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.
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
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.
Chief Financial Officer
Rainmaker Systems, Inc.
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