Lucosky Brookman Approved as Designated Advisor for Disclosure (DAD) by OTC Markets Group
ISELIN, N.J., May 1, 2012 /PRNewswire/ -- Lucosky Brookman LLP (www.lucbro.com) ("Lucosky Brookman" or the "Firm") is pleased to announce that on April 4, 2012 the Firm was approved to become a Designated Advisor for Disclosure ("DAD") by OTC Markets Group Inc. ("OTC Markets Group").
A Designated Advisor for Disclosure is selected by an OTCQX company, or a company applying to be on the OTCQX marketplace, to serve as a securities professional knowledgeable in both the disclosure requirements of U.S. securities laws and the most effective investor communications practices. In order to qualify as a DAD, a law firm must submit an application to OTC Markets Group demonstrating evidence that the firm and its partners have reached a level of expertise and experience which would allow the law firm to adequately advise companies on the OTCQX.
The OTCQX is the premier marketplace offered by OTC Markets Group that allows companies to better engage U.S. investors via an innovative trading, quotation and disclosure venue for the U.S. Over-the-Counter (OTC) market. Designed to meet the particular needs of small to medium-sized U.S. public companies and non-U.S. companies listed on international stock exchanges, the OTCQX aims to promote investor friendly companies that have strong operating models and that provide high-quality disclosure to the marketplace. All U.S. domiciled issuers trading on OTCQX are required to appoint and retain a DAD for ongoing guidance and advice on disclosure and other securities matters.
Joseph Lucosky, the Firm's Managing Partner, commented "This is another positive step forward for our firm and the over 35 public companies that we represent. Being accepted as a Designated Advisor for Disclosure will allow us to continue helping our clients reach the next level."
Joseph Oltmanns, Director of OTCQX at OTC Markets Group, stated "We are delighted to approve Lucosky Brookman as an attorney DAD and look forward to continuing to work with the firm on all levels of the OTC Markets."
ABOUT LUCOSKY BROOKMAN LLP
Lucosky Brookman LLP is a corporate finance and securities law firm with offices in New York and New Jersey, representing both domestic and international clients in sophisticated corporate and securities transactions, mergers and acquisitions, secured and unsecured lending transactions, PIPEs and general corporate matters.
FOR ADDITIONAL INFORMATION
For additional information concerning Lucosky Brookman LLP and to discuss any corporate finance or securities matter, please contact Joseph Lucosky or Seth Brookman.
Lucosky Brookman LLP
33 Wood Avenue South, 6th Floor
Iselin, New Jersey 08830
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