Taoyuan City, Taiwan--(Newsfile Corp. - January 29, 2018) - San Lotus Holding Inc. (OTCQB: SLOT) (the "Company" or "we"), today announced followings:
On January 2, 2018, OTC Markets Group Inc. officially approved our upgrading to OTCQB Market. To be eligible for upgrading to OTCQB Market, the company must be current in its reporting and undergo an annual verification and management certification process.
Upgrading to OTCQB Market brings following benefits, such as: (1) Its Minimum bid price test of $0.01 removes companies that are most likely to be the subject of dilutive stock fraud schemes and promotion; (2) It improves investor confidence through verified information, confirming that our Company Profile displayed on www.otcmarkets.com is current and complete; (3) Its Annual management certification process verifies officers, directors, controlling shareholders, and shares outstanding;(4) It provides greater information availability for our investors through the OTC Disclosure & News Service; and (5) It brings the transparent prices for investors through full-depth of book with Real Time Level 2 quotes, etc.
By upgrading to OTCQB Market, we are entitled to use the OTC Disclosure & News Service to immediately distribute our information and bring transparency to a wide audience of U.S. investors, market data distributors, investment databases, media outlets, and broker-dealers.
OTC Markets Group Inc. operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through its SEC-registered OTC Link® ATS, it directly links a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. It is building better informed and more efficient financial markets - OTCQX, OTCQB and Pink - so that investors can effectively analyz, value and trade securities. The list of its data distribution partners and details on how to access OTC Markets Level 1+ and Level 2+ (OTCQX, OTCQB and Pink) Real-Time data are provided below: https://www.otcmarkets.com/services/investors/overview
About San Lotus Holding Inc.
We are a development stage company that plans to market travel products to the retiring baby boomer generation in the Asian markets and to develop the destination real estate. For more information on San Lotus Holding Inc. please go to the following links:
Safe Harbor Statement
This press release contains certain forward-looking statements that are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. These forward-looking statements concern San Lotus' operations, economic performance and financial condition and are based largely on San Lotus' beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of San Lotus to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Certain of these factors and risks, as well as other risks and uncertainties are stated in San Lotus' Annual Report on Form 10-K for the fiscal year ended December 31, 2016 and in San Lotus' subsequent filings with the U.S. Securities and Exchange Commission. These forward-looking statements are made as of the date of this press release, and San Lotus assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements.