HOUSTON, Oct. 24, 2017 (GLOBE NEWSWIRE) — SMG Indium Resources Ltd. (OTCQB:SMGI) (“SMG” or the “Company”) is pleased to announce that the Company has been approved to upgrade its common shares from the Pink Open Market to the OTCQB® Venture Market under the trading symbol “SMGI” effective October 24, 2017.
CEO Matthew Flemming commented, “Upgrading to the OTCQB is a positive step forward for the Company. The improved trading venue for our common stock confirms the Company’s commitment to our growing shareholder base, and in management’s view, should improve the trading activity for our investors.”
About OTCQB®: The OTCQB® Venture Market, operated by the OTC Markets Group Inc., requires companies to remain current and compliant in their reporting and undergo an annual verification and management certification process. These standards provide improved investor confidence through verified information, as well as greater information availability and transparent prices for investors with Real Time Level 2 quotes.
Investors can find current financial disclosure and Real-Time Level 2 quotes for SMG Indium Resources Ltd. at www.otcmarkets.com.
About SMG Indium Resources Ltd.: SMG is a growth-oriented oilfield services company headquartered in Houston, Texas with operations throughout Texas. The Company, through its operating subsidiary MG Cleaners LLC, is focused on selling proprietary branded products including soaps, surfactants and degreasers such as Miracle Blue™, to drilling rig contractors and other oilfield companies. In addition to the Company’s proprietary products, the Company sells equipment and parts, and has service crews that perform repairs, maintenance and drilling rig wash services for customers such as Nabors Industries, Patterson-UTI, and H&P along with oil and gas operators and other service companies. Read more at www.smg-indium.com and www.mgcleanersllc.com.
This press release may contain certain statements of a forward-looking nature. Such statements are made pursuant to the “forward-looking statements” and “safe harbor” provisions within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange of 1934, as amended. The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws. Such forward-looking statements are based on the beliefs of our management as well as assumptions made by and information currently available to them. The Company has no obligation to update such forward-looking statements. Actual results may vary significantly from these forward-looking statements.
Contact: Matthew Flemming, CEO 713-821-3153