Wound Management reviews alternatives to return to OTCBB

Mar 16 2011

Wound Management Technologies, Inc., (WNDM.QB | WNDM.PK) a leader in advanced wound care solutions, today commented on the shift in the Company's stock quotation coverage which recently transitioned from the OTCBB to the OTCQB under the symbol "WNDM."  The shift in coverage to the OTCQB was caused by an unexpected migration of the Company's market makers away from the OTCBB, and does not affect, nor is it a reflection upon, Wound Management's business, operations or growth prospects.  

The OTCQB is one of three tiers established by OTC Markets Group, Inc., which operates one of the world's largest electronic interdealer quotation systems for broker-dealers to trade securities not listed on a national exchange. The OTCQB designation is meant to identify companies that are reporting with the SEC or a U.S. banking regulator, making it easy for investors to identify companies that are current in their reporting obligations.

Scott Haire, Chief Executive Officer of Wound Management, stated, "We have been told by several of our market makers that there is no technical difference between an OTCBB trading security and a fully reporting issuer trading on the OTCQB.  We are reviewing our alternatives to returning to the OTCBB.  In the meantime, our common stock will be quoted on the OTCQB, which can be viewed at www.otcmarkets.com."

SOURCE Wound Management Technologies, Inc.