JBS-FRIBOI- Pink OTC Markets Inc., the leading electronic inter-dealer
quotation system, trading technology and financial information provider
for over-the-counter (OTC) securities, today announced that JBS S.A.
(OTCQX: JBSAY), the Brazilian manufacturer and exporter of beef and
products, has chosen to list its American Depositary Receipts (ADRs) on
OTCQX. JBS S.A.'s ADRs began trading today on the OTC market's highest
tier, OTCQX International Premier, where investors can find current
disclosure and financial information on the company (available on
www.otcqx.com and www.pinksheets.com).
"We are pleased to welcome JBS S.A., our first Brazilian company, to
the OTCQX market tier," said R. Cromwell Coulson, Chairman and CEO of
Pink OTC Markets Inc. "As an OTCQX-listed company, JBS S.A.
distinguishes itself as one of the most prestigious companies trading
over-the-counter, and provides U.S. investors with access to their
latest news and disclosure information."
The Bank of New York Mellon will serve as JBS S.A.'s Principal American
Liaison ("PAL") on OTCQX, responsible for providing guidance on listing
JBS S.A.'s ADRs trade in the United States on OTCQX under the ticker
"JBSAY" where each ADR represents two ordinary shares. JBS S.A.'s
shares are listed on Bovespa, the largest stock market in Latin
America. JBS S.A. is headquartered in São Paulo, Brazil.
About JBS S.A.
JBS S.A. is currently the world's largest beef producer and exporter
with a daily harvesting capacity of 65.7 thousand heads of cattle and
the largest global exporter of processed beef. The company's operations
include 22 plants located in 9 Brazilian states and 6 plants located in
4 Argentine provinces, in addition to 16 plants in the USA, 10 in
Australia and 8 in Italy. Additionally, JBS S.A. is the third largest
pork producer in the USA, with a harvesting capacity of 48.5 thousand
heads per day. Its brands "Friboi", "Swift", "Swift and Company", "La
Herencia", "1855 Swift Premium", "Maturatta", "Cabaña Las Lilas",
"Organic Beef Friboi", "Anglo", "Mouran", "Plata", "King Island", "Beef
City", "AMH", "Inalca", "Montana" and "Ibise" are widely recognized as
symbols of quality. More information about JBS S.A. is available at
OTCQX provides a gateway to U.S. securities markets for
international companies that are listed on a qualified non-U.S.
exchange and provide ongoing disclosure in English to U.S. investors.
More importantly, OTCQX distinguishes the reputable international
issuers from the 9,000 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 OTCQX, which commenced trading on March
5, 2007. For more about OTCQX, visit www.otcqx.com.
About Pink OTC Markets Inc.
Pink OTC Markets Inc. provides the leading inter-dealer electronic
quotation and trading system in the over-the-counter (OTC) securities
market. We create innovative technology and data solutions to
efficiently connect market participants, improve price discovery,
increase issuer disclosure, and better inform investors. Pink OTC
Markets operates the third largest U.S. equity trading venue which
includes both the elite OTCQX market tiers for strong OTC-traded
companies that can satisfy financial and disclosure listing standards
and Pink Sheets for all other OTC quoted securities.
Over 230 financial service firms, including the ten largest U.S.
investment banks, actively make markets in OTCQX and Pink Sheets quoted
securities and in 2008 these firms traded over $130 billion of OTCQX
and Pink Sheets securities. Pink OTC Markets offers widespread access
to all U.S. broker-dealers, enabling investors to seamlessly trade
these securities through their institutional, online, or full service
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