OTC Markets Group Welcomes Media and Games Invest SE to OTCQX

Rhea-AI Summary

Media and Games Invest SE has upgraded to trade on the OTCQX Best Market from the Pink market. The company, an advertising software platform, aims to enhance access for U.S. investors, allowing trades in U.S. dollars during U.S. hours. Paul Echt, CFO, noted the increasing interest from U.S. investors. MGI has shown impressive growth, with a revenue CAGR of 77% from 2018 to 2021, alongside successful acquisitions of over 35 companies in six years. This upgrade facilitates more transparent trading and aligns with the company's commitment to high financial standards.

Positive

• Upgraded from Pink market to OTCQX Best Market, enhancing visibility.
• Facilitates easier access for U.S. investors to trade MGI shares.
• Reported revenue CAGR of 77% from 2018 to 2021.
• Successfully acquired over 35 companies, supporting growth.

Negative

• None.

NEW YORK, April 20, 2022 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Media and Games Invest SE (Nasdaq Stockholm First North Premier: M8G; Frankfurt Stock Exchange Scale Segment: M8G; OTCQX: MDGIF), an advertising software platform with first party games content, has qualified to trade on the OTCQX^® Best Market. Media and Games Invest SE upgraded to OTCQX from the Pink^® market.

Media and Games Invest SE begins trading today on OTCQX under the symbol “MDGIF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

“We see increasing interest in MGI from US investors and are excited to now be traded on OTCQX, providing easier access to MGI shares for US investors. US investors can trade the MGI share in US dollars and during US hours by cross trading our shares on a fully regulated market in the US,” said Paul Echt, CFO of Media and Games Invest.

Carsted Rosenberg acted as the company’s OTCQX sponsor.

About Media and Games Invest SE
Media and Games Invest SE (“MGI”) is an advertising software platform with strong first party games content. MGI’s main operational presence is in Europe and North America. The company combines organic growth with value-generating synergetic acquisitions, which has demonstrated continuous strong profitable growth with a revenue CAGR of 77% (2018 –2021). Next to strong organic growth, the MGI Group has successfully acquired more than 35 companies and assets in the past 6 years. The acquired assets and companies have been integrated and amongst others cloud technology is actively used to achieve efficiency gains and competitive advantages. MGI is registered as Societas Europaea in Malta (registration number SE 15) and its shares are listed on Nasdaq First North Premier Growth Market in Stockholm and in the Scale segment of the Frankfurt Stock Exchange. The Company has a secured bond that is listed on Nasdaq Stockholm and on the Frankfurt Stock Exchange Open Market.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX^® Best Market, OTCQB^® Venture Market and Pink^® Open Market.

Our OTC Link^® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

FAQ

What does Media and Games Invest SE's upgrade to OTCQX mean for U.S. investors?

The upgrade allows U.S. investors to trade shares in U.S. dollars and during U.S. market hours, enhancing accessibility.

When did Media and Games Invest SE start trading on the OTCQX?

Media and Games Invest SE began trading on OTCQX on April 20, 2022.

What is the significance of OTCQX for companies like Media and Games Invest SE?

OTCQX enables companies to provide transparent trading and meet high financial standards for U.S. investors.

What is the revenue growth rate of Media and Games Invest SE?

Media and Games Invest SE reported a revenue CAGR of 77% from 2018 to 2021.

How many companies has Media and Games Invest SE acquired?

Media and Games Invest SE has successfully acquired over 35 companies in the past six years.