KETCHIKAN, Alaska–(BUSINESS WIRE)–Alaska Power & Telephone Company (AP&T) is pleased to share that it has uplisted its stock from the Pink Limited Information tier to Pink Current Information tier. AP&T’s stock trades under the symbol APTL.
AP&T’s CEO Bill Marks remarked: “Uplisting to the Pink Current Information tier reflects AP&T’s heightened commitment to providing its investors with timely, fulsome information about company financial performance, on a reliable and transparent basis.”
The Pink Open Market is operated by OTC Markets Group, Inc., an American financial services business corporation. It provides brokers and investors with a regulated platform used to conduct transparent trading and best execution. The market is comprised of two tiers. Companies in the Pink Limited Information, to which AP&T previously belonged, are required to meet the minimum disclosure requirements of SEC Rule 15c2-11. The Pink Current Information tier – to which AP&T now belongs – requires more expansive financial disclosure, including quarterly and interim filings by predictable deadlines.
Some broker-dealers impose added restrictions upon companies within the Limited Information tier, making it more difficult for investors to purchase and own stock. Uplisting to the Current Information tier may help improve access to AP&T’s stock, making it available to a broader range of parties, and potentially improving liquidity.
Marks stated: “No matter what line of business you are in, communication is critical. Timely financial filings are an important part of AP&T’s new strategy to enhance communications with investors and stakeholders. In the coming months, expect to see more frequent updates on developments within our company.”
AP&T (OTCMKTS:APTL) is an employee- and investor-owned utility providing diverse services in 40 locations. Additional company information can be found at: www.aptalaska.com
“AP&T – Employee-Owned, Community-Minded.”
Contacts
Jason Custer
P: 907-617-3773 // E: jason.c@aptalaska.com
