ESPRE Solutions, Inc. is billed as a video media solutions company, and has been making significant headway in that arena over the last few months. The company’s revolutionary video compression codec, LSVX™, was recently enlisted by Baidu.com, China’s largest search engine.
Shares of ESPRE experienced an impressive surge in price today (June 16th), as a result of this morning’s news that the company has received official approval for listing on the OTC: Bulletin Board. “This acceptance on the OTC:BB marks the successful completion of a concerted effort to achieve the sounder listing and trading platform for our shares that our shareholders have been seeking,” remarked Peter Lanace, ESPRE’s CEO.
The company became fully reporting in January of this year, with the hope that a Bulletin Board listing would come to fruition. Now a reality, the added transparency afforded by the switch will likely increase investor confidence, resulting in a greater innate value of company stock. This news comes at the perfect time, as ESPRE’s technologies have only just begun to receive widespread acceptance into the global digital video marketplace. As compression rates improve, and the demand for more efficient live and streaming video applications becomes more pronounced, ESPRE stands to occupy a much larger portion of the industry’s spotlight.
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