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OMNIQ CORP ANNOUNCES UPLISTING TO OTCQB VENTURE MARKET

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OMNIQ CORP (OTCQB: OMQS), a leading AI solutions provider for supply chain management, public safety, and healthcare, has announced its uplisting from the OTC Pink Market to the OTCQB Venture Market. This move, effective immediately, reflects OMNIQ's commitment to increased transparency, improved investor confidence, and attracting a broader shareholder base.

The uplisting is expected to provide better trading conditions, including improved market depth and reduced spreads. CEO Shai Lustgarten emphasized that this milestone validates their business model and sets the stage for future expansion. OMNIQ continues to leverage its proprietary AI technology in machine vision and IoT to optimize operations across various industries.

OMNIQ CORP (OTCQB: OMQS), un fornitore leader di soluzioni AI per la gestione della supply chain, la sicurezza pubblica e la sanità, ha annunciato il suo passaggio dal mercato OTC Pink al mercato OTCQB Venture. Questo passaggio, che entra in vigore immediatamente, riflette l'impegno di OMNIQ per una maggiore trasparenza, una migliore fiducia degli investitori e l'attrazione di una base azionaria più ampia.

Il passaggio è previsto per fornire condizioni di trading migliori, inclusa una maggiore profondità di mercato e spread ridotti. Il CEO Shai Lustgarten ha sottolineato che questo traguardo convalida il loro modello di business e prepara il terreno per una futura espansione. OMNIQ continua a sfruttare la sua tecnologia AI proprietaria nella visione artificiale e nell'IoT per ottimizzare le operazioni in vari settori.

OMNIQ CORP (OTCQB: OMQS), un proveedor líder de soluciones de IA para la gestión de la cadena de suministro, la seguridad pública y la salud, ha anunciado su inclusión del mercado OTC Pink al mercado OTCQB Venture. Este movimiento, efectivo de inmediato, refleja el compromiso de OMNIQ con una mayor transparencia, una mejor confianza de los inversores y la atracción de una base de accionistas más amplia.

Se espera que la inclusión ofrezca mejores condiciones comerciales, incluyendo una mayor profundidad de mercado y spreads reducidos. El CEO Shai Lustgarten enfatizó que este hito valida su modelo de negocio y establece las bases para una futura expansión. OMNIQ continúa aprovechando su tecnología de IA propietaria en visión por computadora e IoT para optimizar las operaciones en diversas industrias.

OMNIQ CORP (OTCQB: OMQS)은 공급망 관리, 공공 안전 및 의료를 위한 AI 솔루션 제공업체로서 OTC 핑크 마켓에서 OTCQB 벤처 마켓으로의 상장 전환을 발표했습니다. 이 조치는 즉시 시행되며 OMNIQ의 투명성 증가, 투자자 신뢰 개선 및 더 넓은 주주 기반 유치에 대한 의지를 반영합니다.

상장은 개선된 시장 깊이 및 축소된 스프레드를 포함한 더 나은 거래 조건을 제공할 것으로 예상됩니다. CEO Shai Lustgarten은 이 이정표가 그들의 사업 모델을 검증하고 향후 확장을 위한 무대를 설정한다고 강조했습니다. OMNIQ는 다양한 산업에서 운영 최적화를 위해 자체 AI 기술을 활용하고 있습니다.

OMNIQ CORP (OTCQB: OMQS), un fournisseur de solutions IA de premier plan pour la gestion de la chaîne d'approvisionnement, la sécurité publique et la santé, a annoncé son passage du marché OTC Pink au marché OTCQB Venture. Ce changement, effectif immédiatement, reflète l'engagement d'OMNIQ à augmenter la transparence, améliorer la confiance des investisseurs et attirer une base d'actionnaires plus large.

Le passage est prévu pour fournir de meilleures conditions de trading, y compris une profondeur de marché améliorée et des spreads réduits. Le PDG Shai Lustgarten a souligné que ce jalon valide leur modèle commercial et prépare le terrain pour une future expansion. OMNIQ continue d'exploiter sa technologie IA propriétaire en vision machine et IoT pour optimiser les opérations dans divers secteurs.

OMNIQ CORP (OTCQB: OMQS), ein führender Anbieter von KI-Lösungen für das Management der Lieferkette, die öffentliche Sicherheit und das Gesundheitswesen, hat von OTC Pink Market auf OTCQB Venture Market umgestellt. Dieser Schritt, der sofort wirksam ist, spiegelt OMNIQs Engagement für größere Transparenz, verbesserte Investorenvertrauen und die Gewinnung einer breiteren Aktionärsbasis wider.

Die Umstellung wird voraussichtlich bessere Handelsbedingungen bieten, einschließlich einer verbesserten Marktiefe und reduzierter Spreads. CEO Shai Lustgarten betonte, dass dieser Meilenstein ihr Geschäftsmodell validiert und die Grundlage für zukünftige Expansionen schafft. OMNIQ nutzt weiterhin seine eigenen KI-Technologien in der Maschinenvision und IoT, um die Abläufe in verschiedenen Branchen zu optimieren.

Positive
  • Uplisting from OTC Pink Market to OTCQB Venture Market
  • Improved visibility and liquidity for shareholders
  • Validation of business model and operational achievements
  • Potential for better trading conditions and reduced spreads
Negative
  • None.

Salt Lake City, UT, Aug. 01, 2024 (GLOBE NEWSWIRE) -- OMNIQ CORP. (OTCQB: OMQS), a leading provider of AI-based solutions for supply chain management, public safety, and healthcare, is pleased to announce that its common stock has been approved for uplisting from the OTC Pink Market to the OTCQB Venture Market, effective immediately.

The OTCQB Venture Market, operated by OTC Markets Group, is recognized as a premier marketplace for early-stage and developing U.S. and international companies. The move to OTCQB reflects OMNIQ’S commitment to increasing transparency, improving investor confidence, and attracting a broader base of shareholders. This significant milestone underscores the Company’s sustained growth, financial stability, and adherence to high standards of corporate governance and disclosure.

“We are thrilled to announce our uplisting to the OTCQB Venture Market,” said Shai Lustgarten, CEO of omniQ® Inc. “This achievement marks a crucial step in our strategic plan, enhancing our visibility within the investment community and providing greater liquidity for our shareholders. The uplisting not only validates our business model and operational achievements but also sets the stage for future expansion.”

The transition to OTCQB is expected to provide current and potential investors with better trading conditions, including improved market depth and reduced spreads. Additionally, it highlights the Company’s ongoing efforts to meet rigorous financial and operational standards.

OMNIQ continues to leverage its proprietary AI technology to deliver innovative solutions that optimize supply chain operations, enhance public safety, and improve healthcare outcomes. The Company’s advancements in machine vision and IoT (Internet of Things) have positioned it as a leader in the intelligent technology space, driving efficiency and sustainability across various industries.

Investors can find real-time Level 2 quotes and market information for omniQ® at www.otcmarkets.com under the ticker symbol “OMQS.”

About OMNIQ Corp.

OMNIQ Corp. (OTCQB: OMQS) provides computerized and machine vision image processing solutions that use patented and proprietary AI technology to deliver real time object identification, tracking, surveillance, and monitoring for the Supply Chain Management, Public Safety, and Traffic Management applications. The technology and services provided by the Company help clients move people, and objects and manage big data safely and securely through airports, warehouses, schools, and national borders and in many other applications and environments.

OMNIQ’s customers include government agencies and leading Fortune 500 companies from several sectors, including manufacturing, retail, distribution, food and beverage, transportation and logistics, healthcare, and oil, gas, and chemicals. Since 2014, annual revenues have more than doubled, reaching $81 million in 2023, from clients in more than 40 countries.

The Company currently addresses several billion-dollar markets with double-digit growth, including the Global Smart City & Public Safety markets.

Information about forward-looking statements

This press release includes forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995, specifically under Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements, which address expected future events, economic performance, and financial outcomes, are not historical facts but predictions based on current expectations and projections.

Such forward-looking statements, identifiable by terms like "anticipate," "expect," "may," "believe," and similar expressions, should not be seen as guarantees of future results. They are based on the information available at the time of making and reflect management's current expectations about future events. These statements are subject to various risks and uncertainties that could cause actual results to differ significantly from those projected or implied. Some of these risks include fluctuations in product demand, the introduction of new offerings, maintaining customer and strategic relationships, competitive pressures, market growth, financial liquidity, debt management, and the ability to integrate new acquisitions effectively.

Specific forward-looking statements in this release include expectations regarding financial strategies, revenue growth, and operational improvements. For a detailed discussion of risks and uncertainties that could affect OMNIQ Corp.'s future performance, please refer to our recent filings with the Securities and Exchange Commission at https://www.sec.gov. OMNIQ Corp. does not commit to updating these forward-looking statements unless required by law.

Contact Info:
IR@OMNIQ.com


FAQ

What is the new trading symbol for OMNIQ CORP after uplisting to OTCQB?

OMNIQ CORP's trading symbol remains 'OMQS' after uplisting to the OTCQB Venture Market.

When did OMNIQ CORP's uplisting to OTCQB Venture Market become effective?

OMNIQ CORP's uplisting to the OTCQB Venture Market became effective immediately as of the announcement on August 1, 2024.

What are the expected benefits of OMNIQ's uplisting to OTCQB for investors?

The uplisting is expected to provide better trading conditions, improved market depth, reduced spreads, and greater liquidity for OMNIQ's shareholders.

What industries does OMNIQ CORP (OMQS) serve with its AI-based solutions?

OMNIQ CORP (OMQS) provides AI-based solutions for supply chain management, public safety, and healthcare industries.

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Software - Application
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United States of America
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