Uplisting Highlights Continued Progress of the Company's Turnaround Plan
Transportation and Logistics Systems, Inc., ("TLSS", or the "Company"), a full-service logistics and transportation provider, today announced that on August 31, 2021 its common stock was approved for quotation on the OTC Markets Group, Inc.'s OTCQB tier Venture Market (the "OTCQB") under the symbol "TLSS," effective as of the open of trading on September 1, 2021.
According to CEO John Mercadante, "Uplisting to the OTCQB is an important milestone for the Company and yet another indication that the restructuring and turnaround plan implemented in 2020 has the Company headed in the right direction. We believe that the broader exposure generally afforded by the OTCQB has the potential to increase our visibility within the investment community and assist in broadening our stockholder base."
The OTCQB is the middle tier of the over-the-counter market for US stocks and is designed for early-stage and developing companies located both in the United States and abroad. To be eligible for quotation on the OTCQB, companies must be current in their reporting, undergo an annual verification and management certification process and meet other requirements. The OTCQB is recognized by the Securities and Exchange Commission as an established public market and provides current public information to investors that need to analyze, value, and trade securities.