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Financial performance, disclosure elevate Smith-Midland in OTC trading markets

Sources: Smith-Midland Corp., Midland, Va.; CP staff

Virginia precast producer and building system licensor Smith-Midland has joined the top tier of companies listed in the (over-the-counter) OTC Markets Group, becoming one of nearly 500 entities whose securities are traded on the OTCQX Best Marketplace.

“OTCQX is for established, investor-focused U.S. and global companies that have met high financial standards, are current in their disclosure and sponsored by a professional third-party advisor,” says Smith-Midland Chairman Rodney I. Smith. “The companies on OTCQX are distinguished by the excellence of their operations and diligence with which they convey their qualifications. Directors and management of Smith-Midland have worked to increase the value of our stock. We anticipate that reaching OTC Markets Group’s highest level of financial and compliance requirements will increase our visibility and allow us to attract more shareholders from a broader investment community.”

The Best Marketplace spans 486 of the OTC Group’s 9,800-plus currently traded securities, he adds, noting that Smith-Midland is among 98 OTCQX U.S. Premier tier securities. The company develops, fabricates, rents, and sells a broad array of precast concrete products for use in building construction, transportation and utilities industries. Wholly-owned subsidiary Easi-Set Worldwide licenses proprietary component and building system production to precasters across the globe.