Advanced Wound Technologies-MidAtlantic, Inc. (AWTM.PK) announced that the company plans to list on the Over-The-Counter Bulletin Board exchange in 2007. Such a decision was made per the Corporate Growth Strategy, as the company will become more transparent by uplisting to the OTCBB.
As well as greater transparency, the company will experience greater liquidity, increased access to capital markets, and increased exposure of AWTM common stock as well. Management believes that these steps will allow the company to become a leader in specialized equipment for the wound care segment of healthcare.
CEO Christopher J. Neill commented, “As expected, the move from the Pink Sheets to the Over-The-Counter Bulletin Board can be a demanding undertaking, but we’re committed to the objective of creating additional value for our shareholders. With an aggressive acquisition and roll-up plan already in place, and our expansion operations at increased levels from 2006, we feel that the time is right for our company to begin the process of registering for listing on the OTCBB. We continue to thank our shareholders for their support.”
Let us hear your thoughts below: