MIAMI BEACH, Fla., June 22, 2016 (GLOBE NEWSWIRE) -- Bang Holdings Corp. (OTCQB:BXNG), a digital advertising company that provides brand management, cannabis related digital content and influencer-based marketing, today announced that it has upgraded its listing from the OTC:Pink to the higher tier OTCQB.
“I am extremely excited about the future of Bang Holdings and our move from the Pinks to the OTCQB,” Steve Berke, Chairman and CEO of Bang Holdings said. “This move represents a continued commitment to our shareholders. We believe that trading on the OTCQB will enhance our trading liquidity, broaden our shareholder base and enhance shareholder value. We have worked diligently towards this goal and it represents yet another important milestone as we build one of the first digital advertising platforms targeting the cannabis industry.”
Unlike the OTC Pink stocks, which most broker dealers will not trade nor recommend, The OTCQB is considered by the SEC as an ‘established public market’ for the purpose of determining the public market price when registering securities for resale with the SEC. The OTCQB dramatically increases transparency, reporting standards, management certification and compliance requirements. Therefore, 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.
About Bang Holdings Corporation
Bang Holdings Corporation (OTCQB:BXNG), through its subsidiary Bang Digital Media, provides brand management, cannabis related digital content and influencer-based marketing. While major media providers restrict online marijuana advertising, Bang Holdings’ marketing networks allow companies to directly reach cannabis enthusiasts. Since launching its digital channel 4TwentyToday across multiple digital platforms in 2014, Bang Digital Media’s network has grown to more than 825,000 engaged enthusiasts and has generated hundreds of millions of content views. Bang’s expanded network of marijuana-friendly social influencers reaches an additional 11.7 million potential customers. For more information, please visit www.bangholdings.com.
Forward-looking Statements
Certain matters discussed in this press release may contain statements, estimates and projections that involve risks and uncertainties in Bang Holdings Corporation’s business that may cause actual results to differ materially from those anticipated by the statements made herein. Such statements, estimates and projections constitute forward-looking statements within the meaning of the federal securities laws. Bang Holdings undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. No representations or warranties are made as to the accuracy of such forward-looking statements or whether any of the projections included herein will be realized.