23 August 2016
IRVINE, CA - Evans Brewing Company (OTCQB: ALES), a producer of award-winning premium craft beers, today announced that its common stock has been approved for, and has begun trading on, the OTCQB® Venture Marketplace (OTCQB). The uplisting to the OTCQB is part of the company's strategy to provide a high level of transparency for its shareholders and is expected to provide opportunities to attract broker dealers and retail and institutional investors that require the reporting and disclosure of the OTCQB tier.
The OTCQB is considered by the Securities and Exchange Commission (SEC) as an "established public market" for the purpose of determining the public market price when registering securities for resale with the SEC. The OTC Pink is not considered as such and most broker dealers will not trade or recommend OTC Pink stocks. Because the OTCQB dramatically increases transparency, reporting standards, management certification and compliance requirements, the majority of broker dealers trade stocks on the OTCQB. Historically this has resulted in greater liquidity and awareness for companies that reach the OTCQB tier.
"As we move forward with the expansion of our brewing, restaurant and tasting room operations, we remain fully committed to providing our shareholders with complete transparency and the opportunity for greater market liquidity," said Michael J. Rapport, Chairman and CEO of Evans Brewing Company. "Trading on the OTCQB is expected to allow the company to work with a broader range of broker dealers and retail and institutional investors that require the higher levels of disclosure and reporting that this marketplace demands.
The company has also filed its Quarterly Report on Form 10-Q for the period ended June 30, 2016 with the SEC. To view the quarterly report, please visit http://www.evansbrewco.com/investors-sec-filings.