WOODSTOCK, Ontario, Sept. 3, 2014 (GLOBE NEWSWIRE) -- Tropic International Inc. (OTCBB:TRPO) (OTCQB:TRPO), a Nevada corporation in the business of developing and commercializing an innovative home mist tanning system, is pleased to announce that effective September 3, 2014, the company's common stock will commence trading on the OTCQB under the symbol TRPO. The company's application was officially approved on September 2, 2014 after it was able to successfully meet each of the OTCQB's eligibility standards.
The OTCQB is a venture stage marketplace operated by OTC Markets Group Inc. that consists primarily of early and developing U.S. and international companies. It occupies the second tier of the OTC Link trading system and represents an upgrade for the company from its status as an issuer quoted on the OTC Pink marketplace under the "Current Information" category.
John Marmora, the company's Chief Executive Officer, commented, "Having TRPO's common stock quoted on the OTCQB is an extremely positive development. It should provide the company with greater market visibility, enhance its exposure to potential new sources of capital and allow investors to trade their shares more easily. In addition, we expect the public to benefit from the convenience and transparency that the OTCQB marketplace offers, making it a win-win for all involved."
About Tropic International Inc.
Tropic International Inc. (OTCBB:TRPO) (OTCQB:TRPO) is in the business of developing and commercializing an innovative home mist tanning system through its partially owned Ontario, Canada subsidiary, Tropic Spa Inc. The company's goal is to market a unique, affordable system for convenient home use that delivers a full-body application and eliminates the harmful health effects associated with traditional tanning beds such as exposure to ultraviolet (UV) radiation, the consequences of which have been well-documented by numerous organizations including the American Cancer Society and the Canadian Cancer Society.
Tropic International Inc. has finalized the design of its home mist tanning system, applied for and acquired a United States Patent and has patents pending for Australia, Canada, China and the European Union. It has also completed two phases of test marketing initiatives and is currently preparing to launch a comprehensive three-phase marketing strategy. The company intends to capture a sizable share of the rapidly-evolving sunless tanning market by offering a safe, reliable and easy-to-use product.
Safe Harbor Statement and Forward-Looking Statements
This news release may contain forward-looking statements that involve known and unknown risks, uncertainties and other factors which may cause the company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements. Forward-looking statements reflect the company's current views with respect to future events and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, investors should not place undue reliance on these forward-looking statements. Such statements may include, but are not limited to, information related to: anticipated operating results; relationships with customers; consumer demand; financial resources and condition; changes in revenues; changes in profitability; changes in accounting treatment; cost of sales; selling, general and administrative expenses; interest expense; the ability to produce the liquidity or enter into agreements to acquire the capital necessary to continue operations and take advantage of opportunities; legal proceedings and claims. Except as required by law, the company assumes no obligation to update any forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future.
CONTACT: John Marmora - CEO firstname.lastname@example.orgSource:Tropic International Inc.