PLEASANT HILL, CA, May 20, 2019 (GLOBE NEWSWIRE) -- Textmunication Holdings, Inc. (OTCM: TXHD) (“Company”), a cloud-based communication technology holding company, announced the Company has started the application process to be quoted on the OTCQB exchange within the next few weeks. The Company believes the move to the OTCQB will provide substantial investor benefits including higher reporting standards, enhanced access to analyst coverage, increased Market Maker presence and comprehensive compliance requirements.
The OTCQB is considered by the Securities and Exchange Commission (SEC) as an "established public market" for determining the public market price when registering securities for resale with the SEC. The OTC Pink is not considered as such and most broker-dealers will not trade or recommend OTC Pink stocks. Since the OTCQB dramatically increases transparency, reporting standards, management certification and compliance requirements, most broker-dealers trade stocks on the OTCQB. The Company will continue to trade under the symbol “TXHD”.
“We anticipate our trading on the OTCQB will increase our visibility with investors and broker-dealers. Uplisting to the OTCQB will be a significant milestone for the company as it provides shareholders and potential investors with greater transparency, liquidity and exposes Textmunication to institutional investors and Market Makers that don’t typically participate in Pink Sheet companies. This is the first step to our anticipated listing on the OTCQX or NASDAQ market.”
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About Textmunication Holdings, Inc.
Based in Silicon Valley, Textmunication Inc. is a leading mobile marketing solutions provider to more than a thousand clients across North America. An early adopter of next-generation text message protocol Rich Communication Services (RCS), the Company currently leverages its proprietary SMS software platform to deliver robust APIs and integrated solutions to a diverse range of end users including health and fitness facilities, beauty salons, sporting events, hospitality organizations, entertainment and digital marketing firms. Committed to ongoing innovation, Textmunication was recognized by CIO Review Magazine as one of the “Top 20 Most Promising Digital Marketing Solution Providers” of 2018. For more information: www.textmunication.com
Safe Harbor Provision:
Except for the statements of historical fact contained herein, the information presented in this news release constitutes “forward-looking statements” made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this press release as they reflect Textmunication Holdings’ current expectations with respect to future events and are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated. Potential risks and uncertainties include, but are not limited to, the risks described in Textmunication Holdings’ filings with the Securities and Exchange Commission. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and any document referred to in this press release.
Wais Asefi, CEO
Textmunication Holdings, Inc.