China Voice Holding announced yesterday that it has retained the services of three professional accounting firms to complete its U.S. and China Subsidiary audits by the end of this year and that it has plans to apply for listing on the NASDAQ or AMEX exchange. This news caused the share price and volume to increase dramatically as well as attracted the attention of investors and analysts alike.
SmallCap Sentinel analyst D.R. Clark stated, “It’s the rarest of events in the small cap space when one of its ranks ascends to the prestigious AMEX or the Nasdaq. Only very few qualified companies will take this leap in credibility and exposure leading their equity to a legion of new investors waiting at the higher strata. This allure perhaps explains China Voice Holding Corp’s announcement that it has retained three accounting firms to assist in the completion of audits of its U.S. and China-based subsidiaries in preparation to petition for listing on a senior exchange”
He continued to add, “A major exchange listing like AMEX, NYSE or Nasdaq is a critical element enabling most stockbrokers to recommend the purchase of shares to retail clients. This often leaves OTCBB and Pink Sheet companies off the radar screen of most stockbrokers and institutions. And while CHVC’s substantial trading volume indicates that it already has a large following even while trading on the Pink Sheets, a listing on a major exchange could dramatically expand the company’s investor appeal.”
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