NEW YORK, Jan. 10, 2019 /PRNewswire/ -- OTC Markets Group Inc. (OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced A.M. Castle & Co. (OTCQX: CTAM), a global distributor of specialty metals and supply chain services, has qualified to trade on the OTCQX® Best Market. A.M. Castle & Co. upgraded to OTCQX from the OTCQB® Venture Market.
A.M. Castle & Co. begins trading today on OTCQX under the symbol "CTAM." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"Congratulations to A.M. Castle & Co. on upgrading to the OTCQX Best Market," said Jason Paltrowitz, Director of OTC Markets Group International Ltd. and EVP of Corporate Services at OTC Markets Group. "OTCQX provides innovative and entrepreneurial companies with a transparent, cost-effective public market to build visibility. We look forward to supporting A.M. Castle & Co. and the company's shareholders."
"Trading on the OTCQX will increase A.M. Castle's exposure to the investor community and help support our growth initiatives in the years ahead," said Chairman and CEO Steve Scheinkman of A.M. Castle & Co. "Upgrading to OTCQX evidences A.M. Castle's successful transformation since completing our financial restructuring in 2017. Moreover, we have now demonstrated an ability to generate positive EBITDA in excess of cash interest and are continuing to focus on improving the profitability of our core operations and executing strategic growth initiatives."
A.M. Castle & Co. was sponsored for OTCQX by Imperial Capital, LLC, a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership.
About A.M. Castle & Co.
Founded in 1890, A.M. Castle & Co. is a global distributor of specialty metals and supply chain services, principally serving the producers of durable equipment, commercial aircraft, heavy equipment, industrial goods, construction equipment, and retail sectors of the global economy. Its customer base includes many Fortune 500 companies as well as thousands of medium and smaller-sized firms spread across a variety of industries. It specializes in the distribution of alloy and stainless steels, nickel alloys, aluminum and carbon. Together, A.M. Castle & Co. and its affiliated companies operate out of 21 metals service centers located throughout North America, Europe and Asia.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
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OTC Markets Group Inc., +1 (212) 896-4428, email@example.com
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