From the Wires
Symbility Solutions Announces US Trading on OTCQX
By: Marketwired .
Feb. 5, 2013 08:30 AM
TORONTO, ONTARIO -- (Marketwire) -- 02/05/13 -- Symbility Solutions Inc.® (OTCQX:ATBEF)(TSX VENTURE:SY) ("Symbility" or "the Company"), provider of cloud-based claims technology using the most comprehensive data for the property and casualty insurance industry, is pleased to announce that effective February 5, 2013, the Company began trading on OTCQX International under the symbol "ATBEF".
OTCQX International is a segment of the OTCQX marketplace reserved for high-quality non-U.S. companies listed on a qualified stock exchange in their home country. OTCQX has the highest financial standards of all U.S. OTC marketplaces, and requires qualified third-party sponsorship. U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
"Symbility is pleased to join OTCQX, as it will increase access to both our current and potential U.S. based investors. We feel this marks an important step towards enhancing trading and liquidity of our common shares and increasing our global visibility," commented James Swayze, CEO, Symbility Solutions.
Roth Capital Partners, LLC will serve as Symbility Solutions' Principal American Liaison ("PAL") on OTCQX, responsible for sponsoring qualified companies and providing professional guidance on OTCQX requirements and compliance with U.S. securities laws.
The Company's common shares will continue to be traded on the TSX Venture Exchange ("TSX.V") under the symbol SY.
About Symbility Solutions Inc.
Symbility Solutions (OTCQX:ATBEF)(TSX VENTURE:SY) is a progressive software company dedicated to developing applications for the insurance industry. The organization currently has two product family brands: Symbility® and Adjudicare®.
The Symbility platform is a cutting-edge, easy-to-use, cloud-based claims processing and estimating technology that optimizes claims performance for the Property & Casualty insurance industry. Relying on the most extensive and defendable property cost data developed by Marshall & Swift/Boeckh ("MSB"), our collaborative workflow management, mobile estimating, claims triage solutions and analytical services allow insurers to reduce costs while delivering a market-leading claims experience. Symbility Claims solutions, used in conjunction with MSB's Underwriting Solutions, means property insurers now have a dynamic, market-driven enterprise solution. Providing a virtual feedback loop between claims and underwriting systems, this enterprise solution allows insurers to manage property risks more proactively and effectively.
Adjudicare is an advanced, practical web-based software solution used by a network of Employee Benefits Brokers and Third-Party Administrator partners across Canada in the adjudication of health and dental claims. Adjudicare's rules-based engine and leading-edge features ensure that claims are precisely adjudicated and paid in real-time, giving our partners' customers optimum flexibility, along with transparent disclosure on the benefit plan's financial performance.
All trade names are the property of their respective owners.
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