|By Marketwired .||
|August 25, 2014 09:44 AM EDT||
TAMPA, FL -- (Marketwired) -- 08/25/14 -- Trxade Group, Inc., (OTCQB: TRXD) a web-based pharmaceutical marketplace engaged in promoting and enabling trade among independent pharmacies and large pharmaceutical suppliers nationally, announced today that the Company has moved from being an OTC Pink listed company to a fully reporting OTCQB company. The Company also changed its trading symbol from "XCEL" to "TRXD."
"Our Form 10 Registration Statement, which became effective with the U.S. Securities and Exchange Commission (SEC) this month, was an important milestone for the Company. Now that we are an SEC fully reporting company, we wanted to improve investor confidence by meeting the stricter requirements of the OTCQB, a marketplace for trading over-the-counter stocks provided and operated by the OTC Markets Group. There are numerous advantages to being an OTCQB company, including the greater number of investors who follow these stocks. We also have to meet stricter reporting requirements, including a minimum share price and additional regulatory compliance. We are pleased that Trxade Group, Inc. meets these requirements," said Suren Ajjarapu, CEO. "This is a major step forward and a significant milestone for our Company and we are excited to provide greater transparency to our investors."
The Form 10 also includes an overview of the Company, its history and businesses, the Company's capital structure, financial statements, details about the Company's management, governance and its competitive strengths, strategies and risk factors. A copy of the Form 10 is available at www.sec.gov.
About Trxade Group, Inc.
Headquartered in Tampa, Florida, Trxade Group, Inc. is a web based market platform that enables trade among healthcare buyers and sellers of pharmaceuticals, accessories and services. Please visit us at http://www.trxadegroup.com/
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements.
Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. Except as may be required by applicable law, we assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
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