Imagi International Holdings Limited Begins Trading on the International OTCQXJan 21st 2009
Hong Kong – January 22, 2009 – Imagi International Holdings Limited today announced that it has obtained an American Depositary Receipt (ADR) program and began listing on the International OTCQX for greater access to the U.S. capital markets.
Imagi International Holdings Limited ADR began trading today on International PrimeQX, under the ticker IINHY. Investors can find real-time quotes, disclosure and financial information about at www.otcqx.com.
“OTCQX provides Imagi International Holdings with local access to the largest capital market in the world,” said Douglas Glen, CEO of Imagi International Holdings, “as well as to a very large pool of sophisticated entertainment industry investors.”
U.S. investment bank, Merriman Curhan Ford, will serve as Imagi International Holdings Limited Principal American Liaison ("PAL") on the International OTCQX, responsible for providing guidance on the company's International OTCQX-listing requirements and arranging a comprehensive suite of U.S. capital markets services.
"We are pleased to sponsor Imagi and help them gain U.S. institutional investor visibility from our capital markets leadership in the media subsector," said Stephen Nash, Managing Director and Head of Merriman Curhan Ford's OTCQX Advisory Group. "Imagi represents Merriman's first Hong Kong company to list on OTCQX, a highly visible platform that has attracted nearly 50 global companies from more than 13 countries since early 2007 with a consolidated market capitalization of $300 billion."
About Imagi International Holdings Limited
Imagi International Holdings Limited (Stock Code 585, OTCQX: IINHY) is a listed company on the main board of the Hong Kong Stock Exchange. Imagi's principal business is the development and production of CG-animated theatrical feature films. Imagi's first theatrical movie TMNT was released in March 2007, opening #1 in U.S. box office revenue, the first time in history that an Asian animated film achieved that honor. Imagi has development operations in Los Angeles, California, and CG production studios at its Chai Wan (Hong Kong) headquarters. Astro Boy is Imagi's next motion picture for worldwide theatrical release in October 2009. For further information, please visit www.imagi.com.hk.
About Merriman Curhan Ford
Merriman Curhan Ford (NASDAQ: MERR) is a financial services firm focused on fast- growing companies and the institutions who invest in them. The company offers high- quality investment banking, equity research, institutional services, primary market research, corporate & executive services, asset management and venture services, and specializes in three growth industry sectors: CleanTech, Consumer/Internet/Media and Health Care. For more information, please go to www.mcfco.com.
About International OTCQX
International OTCQX provides a gateway to U.S. securities markets for international companies that are listed on a qualified international exchange and provide ongoing disclosure in English to U.S. investors. More importantly, International OTCQX distinguishes the reputable international issuers from the 8,000 over-the-counter (OTC) securities traded in the U.S. Only leading companies that have substantial operating businesses and provide credible disclosure to the public are eligible for inclusion on the premium-tier International OTCQX, which commenced trading on March 5, 2007. For more about International OTCQX, visit www.otcqx.com.
Cautionary Statement Concerning Forward-Looking Statements by Imagi International Holdings Limited
This news release contains both historical and forward-looking statements. All statements, including Business Outlook, which are not statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements reflect the Company's current expectations concerning future results, objectives, plans and goals, and involve known and unknown risks, uncertainties and other factors that are difficult to predict and which may cause actual results, performance or achievements to differ. These risks, uncertainties and other factors include, among others: the public acceptance of and ratings for the Company's feature films and other content; technological developments and their effect in the Company's markets; the impact of piracy; the impact of increased scale in parties involved in the distribution of the Company's films; the impact of union activity; other economic, business, competitive and/or regulatory factors affecting the Company's businesses generally, including the current downturn in global economic condition; and other factors described in the Company's news releases and filings with the Hong Kong Stock Exchange, including but not limited to the Company's 2008 Annual Report and Interim Report. The forward-looking statements included in this document are made only as of the date of this document, and the Company does not have any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances.