LOS ANGELES, CA--(Marketwire -04/26/12)- Southern Products (SNPD.OB - News) (SNPD.OB - News), a manufacturer of "Assembled in the USA" flat-panel televisions, was approved beginning April 20, 2012 for a joint listing on the Berlin Stock Exchange. The Company has already been approved and trading on the Over The Counter Bulletin Board (OTC BB) in the United States, but decided it needed a European trading platform to accommodate its European shareholders and investors. As a result, the Company engaged a consultant, Continental Advisors (Lux), knowledgeable in European Investments and trading and Continental arranged for the dual listing. The Company has received the trading symbol "ZSP" on the BSE.
The Berlin Stock Exchange or Börse Berlin AG is one of the oldest stock exchanges in Germany. The BSE has pursued a successful niche strategy since the mid-nineties, with a particular focus on trading the widest possible range of foreign stocks. With the advent of Markets in Financial Instruments Directive in Germany, in 2007 the exchange decided to realign itself completely with its new market segment Equiduct Trading. Equiduct Trading has allowed the BSE to expand its service offering, which until recently was primarily addressing retail investors, by offering custom made solutions for professional market participants.
"Dual listings, sometimes called Cross-Border listings, literally open up an entirely new world of funders, investors, liquidity and potential shareholders to a Company," said Andreea Porcelli of Continental Advisors. This dual listing will allow Southern Products to better serve its present and future European investors."
The Company believes a Dual listing on the Berlin Stock Exchange will:
Improved the Company's image, reputation and prestige as a global player;
Greatly expand the ability of the Company to raise equity or debt financing;
Increased the Company's trading volume and liquidity;
Improved the Company's shareholder relations; and
Vastly enhance the visibility of the Company among overseas investors and consumers.
About Southern Products, Inc.
Southern Products, dba Sigmac USA, is a manufacturer of quality, mid-priced flat-panel televisions and peripherals for distribution through big-box retailers in the US. The Company currently has a product line of 21 flat-panel models in production, and has entered into large-scale distribution agreements with Fry's Electronics, Target, K-Mart, Costco.com, Tiger Direct and Walmart.com for the sale of Sigmac-branded flat-panel televisions and peripherals in North America. The Company is a fully-reporting public consumer electronics company incorporated in the state of Nevada and trading on the Over-the-Counter Bulletin Board in the US (SNPD.OB - News).
For further information please visit www.sigmacusa.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those identified under "Risk Factors" in the Company's most recently filed Annual Report on Form 10-K, Quarterly Report on Form 10-Q and in other filings made with the Securities Exchange Commission. Actual results may differ materially from those contemplated by these forward-looking statements and the Company does not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date of this press release.
- Berlin Stock Exchange