UK dealer software and DMS provider Pinewood Technologies Group has started trading on the OTCQX Best Market in the US.
Pinewood’s admission to the OTCQX market will provide transparent trading for investors in the US.
US investors will now be able to access the same level of information and disclosure available to investors in the United Kingdom, but through US-facing platforms and portals.
The Pinewood’s ordinary shares will continue to trade on the main market of the London Stock Exchange.
Bill Berman, chief executive officer of Pinewood Technologies Group, said:
“We are thrilled to begin trading on the OTCQX Market, which offers investors in the U.S. the opportunity to purchase shares in Pinewood Automotive Intelligence more easily.
“The Pinewood Automotive Intelligence platform gives dealers and OEMs alike the ability to drive growth and unlock greater profits while operating securely in our fully connected environment.
“With the global market for Dealer Management Software solutions fragmented, the Pinewood Automotive Intelligenc platform capitalizes on the universal need for clarity between customer, dealer and manufacturer.
Strengthened by our partnership with Lithia, one of the largest automotive dealer groups in the US, we believe Pinewood Automotive Intelligence™ is a compelling investment proposition that will continue to deliver significant value for shareholders.”
