OTC Markets Group Welcomes Newly Verified OTCQB Companies – May 6
May 06, 2015
OTC Disclosure & News Service
New York, NY –
OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced the following companies are verified for trading on the OTCQB® Venture Marketplace:
Advanced Cannabis Solutions, Inc. (OTCQB: CANN) – Proteo Inc. with its wholly owned subsidiary Proteo Biotech AG, a German corporation, is a clinical stage drug development company focused on the development of anti-inflammatory treatments for rare diseases with significant unmet needs.
Proteo’s lead product Elafin is a copy of a naturally occurring human anti-inflammatory protein and promises an excellent therapeutic risk-benefit profile. It is a potent inactivator of tissue destroying neutrophil elastase and proteinase-3, and was well tolerated in three randomized, double-blinded, placebo-controlled clinical studies. Elafin’s ability to block tissue destroying proteases makes it a promising drug candidate for the prevention and treatment of tissue damage occurring in the course of major surgery, pulmonary diseases and severe reperfusion injury in organ transplantation.
Elafin is under clinical development for prophylactic treatment of acute postoperative complications, with focus on the prevention of postoperative inflammatory complications in the surgical therapy of esophageal cancer. Its potential for the treatment of pulmonary arterial hypertension and lung diseases is currently evaluated in preclinical models.
Elafin has obtained orphan drug designations for the treatment of complications of esophageal cancer surgery as well as for the treatment of pulmonary arterial hypertension in the United States and the European Union.
Proteo intends to establish international strategic partnerships for the development, manufacturing and marketing of Elafin.
Capstone Financial Group Inc. (OTCQB: CAPP) – Capstone Financial Group’s current business focus is to invest in stock of other companies. It seeks to discover, unlock and grow value in privately-held or illiquid companies, including through the exercise of friendly influence at a company in support of operational improvements and strategic initiatives. In some cases it might be one of the largest shareholders of the other company. It seeks to work closely and constructively with the management and boards of the other companies. While it does not manage the day-to-day operations of these companies, it seeks to maintain a thorough understanding of how they operate and evaluate their performance and prospects on an ongoing basis. It may also seek to actively trade in its strategic investment positions and/or enter into private securities transactions with regard to those positions, to capitalize on price fluctuations and realize profits or minimize losses. The company was formerly known as Creative App Solutions, Inc. and changed its name to Capstone Financial Group, Inc. in August 2013. Capstone Financial Group, Inc. was founded in 2013 and is headquartered in East Amherst, New York.
E-Qure Corp. (OTCQB: EQUR) – E-Qure, f/k/a ADB International Group, Inc., is a medical device company with exclusive ownership and worldwide rights to commercially exploit its Bioelectrical Signal Therapy device (“BST Device”).
The company’s BST device treats wounds via electrical stimulation, resulting in accelerated wound healing by imitating the natural electrical current that occurs in injured skin on the human body. Its BST device stimulates renewed blood flow and oxygen in order to induce local cell regeneration and therefore promote wound healing. The company’s mission is to improve non-invasive wound care treatments and to become a leading provider of non-invasive wound and ulcer healing treatment.
Its BST Device, which has already received the Communaute Europeenne (“CE”) mark and is approved to be sold in the EU market, is designed to specifically address many of the limitations associated with other invasive and non-invasive wound care devices to treat chronic wounds – primarily Stage III and Stage IV ulcers, which it believes comprise about 11% and 7% of all chronic wounds, respectively, and severe Stage II wounds.
The company is in the initial clinical trial process for the purpose of obtaining approval from the United States Food and Drug Administration (the “FDA”) in order to be able to sell its BST device in the United States.
GreenPower Motor Co. Inc. (OTCQB: GPVRF) – GreenPower Motor Company (GPI) develops electric powered vehicles for commercial markets. In 2014, GPI launched the EV350 40-foot transit bus, which is an electric powered transit bus deploying electric drive and battery technologies with a lightweight chassis and low floor body. Presently, GreenPower is building and marketing the EV350 in North America. The EV350 utilizes a custom battery management system and a proprietary Flex Power system for the drive motors while integrating global suppliers for key components such as Siemens for the two drive motors, Knorr for the brakes, ZF for the axles and Parker for the dash and control systems. This OEM design allows GreenPower’s EV350 to meet the specifications of the operator while providing standard parts for ease of maintenance and accessibility for warranty requirements.
Iveda Solutions, Inc. (OTCQB: IVDA) – Iveda enables cloud video surveillance via its Sentir Software as a Service (SaaS) video management platform, utilizing proprietary video streaming and Big Data storage technology. Iveda enables a recurring revenue model by licensing Sentir to service providers for plug-and-play cloud video offering to their customers. Iveda has a SAFETY Act Designation from the Department of Homeland Security as a Qualified Anti-Terrorism Technology Provider. Iveda is headquartered in Mesa, Arizona with a subsidiary in Taiwan.
Praxsyn Corporation (OTCQB: PXYN) – Praxsyn Corporation is the parent company of Mesa Pharmacy. Mesa Pharmacy is a compounding pharmacy that specifically compounds custom topical trans-dermal creams that are specifically formulated by the prescribing physician for the patient. Patients apply these medications to the affected area with the goal of reducing the potential side effects as compared to using oral medications.
Propell Technologies Group, Inc. (OTCQB: PROP) – Propell Technologies Group, through its wholly owned subsidiary Novas Energy USA, Inc. offers enhanced oil recovery technology and services through commercial application of a proprietary “Plasma-Pulse Technology.” The company’s technology is designed to be suitable for oil wells as deep as 12,000 feet and to be highly effective, fast and economical. By optimizing production efficiency combined with the resulting increased oil production, the company expects to extend the economic life of mature oil fields and to recover previously unrecoverable oil efficiently. The treatment uses no chemicals and is environmentally friendly.
uSell.com, Inc. (OTCQB: USEL) – uSell.com is a reCommerce marketplace that helps individual sellers and large wholesalers turn used smartphones into cash. uSell ensures that sellers get the highest payouts with the least amount of hassle by facilitating risk-free transactions with its network of professional buyers. For uSell’s buyers, uSell offers a scalable solution that provides a high volume of inventory at a low acquisition cost.
Workhorse Group Inc. (OTCQB: WKHS) – AMP Electric Vehicles, founded in 2007 and based in Loveland, Ohio, is the first ever fully electric car electrification company to begin selling the 4-door GM Chevy Equinox in July with its patented drive-train technology. The AMP team is comprised of top engineers and business executives, as well as two key pioneers of GM’s EV1 project. AMP’s first conversions to all-electric are the GM Saturn Sky, Pontiac Solstice, Chevrolet Equinox and Mercedes Benz ML450. In 2013, the company purchased an OEM Truck manufacturing plant from Navistar and started designing, developing, manufacturing, and selling high-performance, medium-duty trucks with advanced powertrain components under the Workhorse proven chassis brand. The company believes that its vehicles, engineering expertise, innovation, and operational structure differentiate it from traditional truck manufacturers. Consequently, the company recently changed its name from AMP to Workhorse.
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for these companies on www.otcmarkets.com.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected
financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to inform investors of opportunities and risks: the OTCQX® Best Marketplace; the OTCQB® Venture Marketplace; and the OTC Pink® Open Marketplace. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com.
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