Yippy, Inc. (YIPI) to Begin Trading on the OTCQX U.S.
FORT MYERS, Fla., May 3, 2012 /PRNewswire/ -- Yippy, Inc. (PINKSHEETS: YIPI) (www.yippy.com) ("Yippy" or the "Company"), providers of the world's fastest, family friendly search engine and web portal, announced today that its common stock will transition from the OTC Pink tier of the OTC marketplace and will begin trading on the quality-controlled OTCQX® U.S. trading platform (the "OTCQX U.S."), effective Friday, May 4, 2012.
The OTCQX U.S. tier distinguishes the highest quality-controlled companies traded over-the-counter (OTC) from more than 9,000 securities traded on the OTC Bulletin Board and OTC Link platform that are not required to meet any additional financial standards or undergo a formal qualitative review. The OTCQX U.S. also offers a level of marketplace services formerly available only on the top U.S. exchanges, further distinguishing Yippy and its ongoing commitment to achieve the highest quality standards possible. This investor-friendly platform provides superior trading information and easy access through all major online and full-service U.S. brokerage firms. Trades are settled and cleared in the U.S. similar to any NASDAQ or NYSE security, and trade reports are disseminated through most financial data providers.
Investors can find current financial disclosure and Real-Time Level 2 quotes for Yippy, Inc. on www.otcmarkets.com. Lucosky Brookman LLP will serve as Yippy's Designated Advisor for Disclosure (DAD) on OTCQX U.S., responsible for providing guidance on OTCQX U.S. requirements.
"OTCQX provides services to companies which enable them to communicate with and engage their investors, while providing them with transparent trading and easy access to company information," stated R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. He added, "We are pleased to welcome Yippy to the OTCQX U.S."
Richard Granville, Chief Executive Officer of Yippy, commented, "This is just the next step in our evolution as a company. The up-listing from the Pink Sheets to the OTCQX U.S. trading platform is a testament to everyone that has believed in our mission and team. This further signals that Yippy meets the highest qualitative standards among OTC traded companies." He continued, "We still have a long way to go as a company to meet our goals, but the future does look bright for Yippy."
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest OTC marketplace for equity securities. Our OTC Link trading system delivers price transparency in over 10,000 securities and enables direct interaction between broker-dealers that provide liquidity and execution services. We organize the marketplace by categorizing the wide spectrum of OTC-traded companies into three tiers: (i) OTCQX - The Intelligent Marketplace for the Best OTC Companies; (ii) OTCQB - The Venture Marketplace; and (iii) OTC Pink - The Open Marketplace. Our information-driven platform makes it easy for investors to trade at the best price through the broker of their choice and empowers companies to build the best markets for their investors. To learn more about our open, transparent, and connected marketplace, visit www.otcmarkets.com.
About Yippy Inc.
Based in Fort Myers, Florida, Yippy, Inc. is a new economy technology company that develops search technologies, content aggregation services and application services environments for both consumer and commercial market segments. The Company operates several online web properties and educational reference portals. Yippy, Inc. (OTCQX: YIPI) has been approved to trade on the OTCQX U.S., the intelligent marketplace for the best OTC companies with the highest financial standards and superior information availability. Investors can find current financial disclosure and Real‑Time Level 2 quotes for the Company on www.otcmarkets.com. The Company began operations in 2009. For more information please visit: www.yippy.com.
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Additional information on risks and other factors that may affect the business and financial results of Yippy, Inc. can be found in the filings of Yippy, Inc. on OTC Markets (www.otcmarkets.com).
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