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.
Forward-Looking Statements
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).
Contact:
Rich Granville
Investor Relations
Yippy, Inc.
1-877-YIPPY01
SOURCE Yippy, Inc.