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Naples Soap Company Uplisting Approved - Commences Trading on the OTCQB Market
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Rhea-AI Summary
Naples Soap Company, Inc (OTCQB: NASO) has successfully uplisted and begun trading on the OTCQB Venture Market. This allows investors to trade transparently in entrepreneurial and development stage companies. The uplisting provides increased transparency, liquidity, and visibility within the U.S. investment community.
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NAPLES, Fla.--(BUSINESS WIRE)--
Naples Soap Company, Inc (OTCQB: NASO), a health and wellness brand that offers high-quality skin and hair care products throughout the United States, is pleased to announce that it has successfully uplisted and has begun trading on the OTCQB® Venture Market operated by the OTC Markets Group Inc.
OTCQB is a U.S. trading platform that offers investors transparent trading in entrepreneurial and development stage U.S. and international companies that may not yet qualify for OTCQX. To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process. The OTCQB quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors. The potential benefits of trading on the OTCQB include efficient market standards, as well as increased liquidity and visibility within the U.S. investment community.
“This uplisting is an important milestone in the growth of our Company. Having our shares quoted on the OTCQB, a well-known U.S. securities trading platform, allows investors to invest with greater confidence due to the increase in transparency. Anyone can now invest in our common stock through any broker that provides access to OTC Markets, thereby allowing them to share in our success,” said Deanna Wallin, Naples Soap Company founder and CEO.
As a verified market with efficient access for United States investors, OTCQB helps companies build shareholder value with the goal of enhancing liquidity and achieving a fair valuation. To learn more about how OTC Markets Group, Inc. creates better informed and more efficient markets, visit www.otcmarkets.com.
About OTC Markets Group Inc.
OTC Markets Group Inc. operates the OTCQX Best Market, the OTCQB Venture Market and the Pink Open Market for over 12,000 U.S. and global securities. Through OTC Link ATS and OTC Link ECN, the OTC Markets Group connects a diverse network of broker-dealers that provide liquidity and execution services. OTC Markets Group enables investors to easily trade through the broker of their choice and empowers companies to improve the quality of information available for investors.
About Naples Soap Company
Founded in 2009 by Deanna Wallin, Naples Soap Company is a supplier of more than 400 bath, body and personal care products. Products are sold at the Company’s retail locations in Florida. Naples Soap Company products are sold online from the Company’s website at www.naplessoap.com, through other DTC (direct-to-consumer) channels such as Amazon.com and in more than 300 boutiques, spas and stores throughout the United States via the Company’s wholesale division. For more information about investing with Naples Soap Company, visit www.ir.naplessoap.com.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are subject to uncertainty and may not come to fruition. Readers are cautioned not to place undue reliance on any forward-looking statement including statements that list numbers and dates.
