Singapore, May 8, 2008: Living Cell Technologies has applied to list its American Depository Receipt (ADR) program on the International OTCQX to increase the Company’s exposure to US investors.
Living Cell Technologies’ Chief Financial Officer Mr Richard Justice said, ‘Listing on the OTCQX will help to raise LCT’s profile amongst US investors with the expectation to increase the volume of trading of the Company’s ADR’s. This listing, combined with substantial recent US investment signifies the progression of the company as an international operation.’
The International OTCQX helps non-USA publicly listed companies with a gateway to the US securities markets including a vehicle to trade shares in the US with accompanying ongoing disclosure to US investors.
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