OXE Marine available for trading on the OTCQB Market in the United States of America
OXE Marine AB has begun trading on the OTCQB Market in the US under the ticker symbol CMMCF.
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Rhea-AI Summary
OXE Marine AB has begun trading on the OTCQB Market in the US under the ticker symbol CMMCF. This move is designed to enhance visibility within the US investor community. CEO Myron Mahendra highlighted the launch of the new OXE300 diesel outboard and plans for a production facility in the US in 2021, anticipating significant revenue generation from North America. The company is already publicly listed on Nasdaq's First North Growth Market in Sweden.
Positive
- Commencement of trading on OTCQB increases visibility among US investors.
- Launch of the OXE300 diesel outboard and presence in government and commercial sectors.
- Plans to establish a production facility in the US in early 2021.
- Expected significant revenue stream from North America.
Negative
- None.
Details
News Market Reaction – CMMCF
The recorded move for CMMCF in the trading session of this news was +3.34%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
STOCKHOLM, Aug. 17, 2020 /PRNewswire/ -- OXE Marine AB ("the Company") (NASDAQ STO: OXE) (OTCQB: CMMCF) is pleased to announce that it has commenced trading in the US on the OTCQB Market as an F share under the symbol "CMMCF". As an OTCQB-traded company, the Company can benefit from increased visibility across the U.S. investor community. Investors can find financial disclosure and real time level-2 quotes for the company on www.otcmarkets.com.
"This is an exciting time for OXE Marine as it launches its latest product, the OXE300 diesel outboard. It's patented product portfolio, including the OXE200 series, is sought after by Government and Commercial users. The Company is to establish a production facility in the US at the beginning of 2021 as it expects a significant part of its revenue stream to be generated in North America. Quite naturally, the company has had investor interest from the US for some time - the solution of trading its shares on the OTCQB International Market will make it easier for them to join OXE Marine's exciting growth journey," says Myron Mahendra, CEO.
The Company's shares are primary listed on Nasdaq's First North Growth Market segment in Sweden under trade symbol STO: OXE.
CONTACT:
Certified Adviser
FNCA Sweden AB is Certified Adviser for OXE Marine AB (publ). Contact details to FNCA Sweden AB: tel. +46 8 528 00 399, e-mail info@fnca.se
For further information, please contact:
Myron Mahendra, CEO, myron.mahendra@oxemarine.com , +46 76 347 59 82
Anders Berg, Chairman, anders.berg@oxemarine.com , +46 70 358 91 55
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
Oxe Marine AB OTCQB August 17 2020. |
View original content:http://www.prnewswire.com/news-releases/oxe-marine-available-for-trading-on-the-otcqb-market-in-the-united-states-of-america-301113127.html
SOURCE OXE Marine AB
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