The Over-the-Counter Bulletin Board ("OTCBB") is a regulated quotation service that provides real time stock price quotes, last sale prices, and volume information on Over-the-Counter ("OTC") securities. Since 1990, the OTCBB has been administered and regulated by the National Association of Securities Dealers ("NASD"). The system is designed to facilitate the widespread publication of quotation and last sale information. All public sales of domestic OTC securities through these market makers, or broker dealers, must be reported within ninety seconds of the transaction.

What are the benefits of listing on the OTCBB?

The OTCBB is mainly for small public companies commonly known as micro-cap issuers that wish to provide liquidity for their initial investors. It provides an outlet for these micro-cap issuers to raise seed capital through outside investors and then to provide these initial investors an outlet to sell their stock. In short, the OTCBB provides liquidity for investors which makes it much easier for micro-cap issuers to access the capital markets or investors.

What are the initial financial requirements for listing on the OTCBB?

There are no initial asset or income requirements for listing on the OTCBB. However, the issuer must have up-to-date financial statements that are audited by a certified public accountant. Additionally, the company must have a shareholder base and provide financial disclosure requirements to the NASD and SEC (See below).

How does a company become listed for stock price quotation on the OTCBB?

The OTCBB currently provides access to more than 6,500 securities and has approximately 400 participating market makers. The company must make application for listing on the OTCBB through a registered NASD market maker. This application is made on a disclosure document commonly referred to as a Form 211. The NASD reviews for accuracy the Form 211; and, once it is approved, the company securities are cleared for quotation on the OTCBB. We at GoPublicToday.com help companies become listed on the OTCBB. We are a corporate consulting firm specializing in micro cap companies. We provide these services to companies at a fee substantially lower than most law firms.

It is important to note that as of January 4, 1999, the U.S. Securities and Exchange Commission ("SEC") approved the "OTCBB Eligibility Rule". This rule now requires all securities not yet quoted on the OTCBB to report their current financial information to the SEC or other appropriate regulatory authority in order to meet the eligibility requirements for listing on the OTCBB. To meet these new eligibility requirements, most domestic corporations simply have to file what is known as a Form 10 with the SEC pursuant to the Securities Exchange Act of 1934, as amended. Once the SEC has approved the Form 10, the company is considered to be a "Fully Reporting" company. The Form 10 is a basic financial disclosure document which is disseminated to the public. Additionally, those companies already listed on the OTCBB that are not "Fully SEC Reporting" have been given a phase in period with which to comply with the new SEC reporting requirements or they will be delisted. The new eligibility requirements were designed to make the OTCBB a stronger and cleaner securities listing service for micro-cap issuers.

How can the OTCBB help my small company raise capital?

A company that is properly structured has the opportunity to become listed on the OTCBB. Once listed, the OTCBB will provide quoted companies greater access to investors for two reasons. First, purchasing stock in a public company is similar to any other investment. Either the investment pays income commensurate with the individual's rate of return or the investor can easily sell the investment at a later date. Most companies that are listed on the OTCBB are growth oriented and do not anticipate paying out dividends. Therefore, the OTCBB allows the company's initial investors a way to realize a return on their investment by selling their securities to other public investors.

Second, by becoming a listed company on the OTCBB, the company is required to submit its current financial information to the SEC, which in turn becomes public information. An investor can now rely on the Company's public financial information to make a sound investment decision. Therefore, a publicly listed company on the OTCBB has better access to raise capital, if needed, as compared to a private company, whose stock is not publicly listed. This also provides the investor with access to the company's financial information recorded with the SEC. These two items can help put an investor at ease when investing.