NEW YORK, June 30, 2011 /PRNewswire/ -- OTC Markets Group
Inc. (OTCQX: OTCM), the financial information and technology
services company that provides the world's largest electronic
marketplace for broker-dealers to trade unlisted stocks, today
announced that Medifocus, Inc. (OTCQX: MDFZF ; TSX.V: MFS), a
medical device company, is now trading on the highest tier of the
OTC market, OTCQX®.
(Logo:
http://photos.prnewswire.com/prnh/20110118/MM31963LOGO)
Medifocus began trading today on the OTC market's prestigious
tier, OTCQX International. Investors can find current
financial disclosure and Real-Time Level 2 quotes for the Company
on www.otcqx.com and www.otcmarkets.com.
"Investors prefer the quality-controlled admission process on
OTCQX which identifies the segment of OTC companies focused on
valuation and transparency," said R.
Cromwell Coulson, President and Chief Executive Officer of
OTC Markets Group. "We are pleased to welcome Medifocus to
OTCQX."
Merriman Capital, Inc. will serve as Medifocus' Principal
American Liaison ("PAL") on OTCQX, responsible for providing
guidance on OTCQX requirements.
About Medifocus, Inc.
Medifocus, Inc. (OTCQX: MDFZF; TSX.V: MFS) trades in
the United States on OTCQX under
the symbol "MDFZF". Medifocus owns a patented adaptive phased array
(APA) microwave focusing technology platform which can precisely
target and concentrate microwave energy to destroy cancer tumors
without damaging healthy tissue when used alone or in conjunction
with chemotherapy or radiation. The ability to target tumors with a
precision controlled dose of heat can be used to destroy tumors at
higher temperatures, to treat tumors in combination with
chemotherapy and/or radiation at moderate temperatures for
increased effectiveness over those treatments alone, and to
activate temperature sensitive drugs for tumor targeted localized
drug delivery. Medifocus has completed the development of a
dedicated commercial cancer treatment system for the treatment of
breast cancer and is actively pursuing development of additional
systems for other cancers. Website: www.medifocusinc.com.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's
largest electronic marketplace for broker-dealers to trade unlisted
stocks. Our OTC Link™ platform supports an open network of
competing broker-dealers that provide investors with the best
prices in over 10,000 OTC securities. In 2010, securities on
OTC Link traded over $144 billion in
dollar volume, making it the third largest U.S. equity trading
venue after NASDAQ and the New York Stock Exchange. We categorize
the wide spectrum of OTC-traded companies into three tiers - OTCQX
(the quality-controlled marketplace for investor friendly
companies), OTCQB® (the U.S. reporting company marketplace for
development stage companies), and OTC Pink™ (the speculative
trading marketplace) - so investors can identify the level and
quality of information companies provide. To learn more about
how OTC Markets Group makes the unlisted markets more transparent,
informed, and efficient, visit www.otcmarkets.com.
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SOURCE OTC Markets Group Inc.