CAMPBELL, CA--(Marketwired - Aug 7, 2013) - Rainmaker Systems, Inc. (
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"Rainmaker is committed to providing timely news and information to help investors better analyze, value and trade our securities," said Mallorie Burak, Chief Financial Officer of Rainmaker Systems. "Listing our common stock on the OTCQX allows us the opportunity to offer these significant benefits to both existing and future shareholders."
"We are excited to welcome Rainmaker Systems to the OTCQX marketplace and serve as their DAD," said Spencer Grimes, Senior Managing Director of Scarsdale Equities. "OTCQX U.S. provides a world-class home for companies such as Rainmaker that are looking for alternatives to the traditional exchange listing model. The movement of companies like Rainmaker onto OTCQX demonstrates the dramatic increase in profile the marketplace has experienced since inception."
About Rainmaker Systems, Inc.
Rainmaker Systems is a B2B e-Commerce company that helps organizations of all sizes, ranging from Fortune 500 enterprises to small-to-medium-sized businesses, create new revenue streams from segments of their customer base that extend beyond traditional sales team capabilities. With its unique approach, Rainmaker Systems delivers proprietary cloud-based e-Commerce technology, global and localized sales-assist agents, and best-practice sales and marketing expertise, allowing customers to discover and monetize untapped revenue opportunities.
Rainmaker trades in the U.S. on OTCQX under the symbol "RMKR."
About Scarsdale Equities LLC
Scarsdale Equities LLC is an institutional FINRA member broker/dealer and SIPC member with offices in New York, NY, and San Francisco, CA. The founding partners of Scarsdale Equities LLC are respected veterans of the U.S. financial services industry with solid track records as investors, analysts, and investment bankers. The firm's main services are: investment banking, institutional equity brokerage, corporate services, institutional equity research, and discretionary account management.
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Safe Harbor Statement
This press release may contain forward-looking statements regarding future events. These forward-looking statements are based on information available to Rainmaker as of this date and the Company assumes no obligation to update any such forward-looking statements. These statements are not guarantees of future performance, and actual results could differ materially from current expectations. Among the factors that could cause actual results to differ materially from those in the forward-looking statements are client concentration, as the company depends on a small number of clients for a significant percentage of its revenue; the possibility of the discontinuation and/or realignment of some client relationships; general market conditions, the current difficult macro-economic environment and its impact on Rainmaker's business, as clients are reducing their overall marketing spending and their customers are reducing their purchase of service contracts; market acceptance of our service programs and pricing options; the financial condition of our clients' businesses and other factors detailed the company's filings with the Securities and Exchange Commission (SEC), including our filings on forms 10-K and 10-Q.