RUSHVILLE, Ind., Oct. 26, 2009 (GLOBE NEWSWIRE) -- Omnicity Corp. (OTCBB:OMCY) - upon filing its 10K Annual Report on October 23, 2009 (go to www.omnicitycorp.com - investors - SEC filings), has been approved for electronic trading over GlobeNet's Bullet-X transparent electronic trading platform utilizing Pink Link, the leading trade negotiation and execution service for the OTC market. Pink Link has transformed the OTC trading process. It is now used by hundreds of market makers and agency brokers. Market makers are providing average execution response times of only a few seconds with very high fill rates. Pink Link brings order and execution report message delivery across Pink OTC Markets' OTC Dealer service or via a FIX 4.1 connection. Pink Link will allow market makers and agency brokers to send market makers order messages in our stock - OMCY - to communicate with each other instantly. Pink Link can electronically execute, negotiate or decline the orders through an execution report message that is sent back through the service.
Greg Jarman, CEO of Omnicity, stated "We're very pleased to have graduated from the telephonic system to Pink Link's electronic trading. Many brokers who want to execute trades for their clients were somewhat discouraged with the telephonic trading system of the OTC because of low execution response times and a low fill rate. Now these brokers can execute trades electronically which should increase our market liquidity for our shareholders."
About Omnicity:
Our vision is to be the first broadband service provider to expand its network across rural America
Omnicity Corp. is a public company based in Indiana providing broadband access, including advanced services of voice, video and data, in un-served and underserved small and rural markets and is planning to be the premier consolidator of rural market broadband nationwide. Omnicity's strategy is to provide a total broadband solution and continue rapid growth through acquisitions, organic growth and continue to partner with Rural Electric Membership Co-ops and Rural Telephone Companies. Omnicity has an experienced broadband operations team with extensive wireless broadband/ISP expertise as well as the expertise to consolidate large numbers of businesses through its roll-up strategy.
Forward-looking statements, made pursuant to safe harbor provisions of the PSLR Act of 1995, inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. By making these forward-looking statements, the Company undertakes no obligation to update these statements for changes after the date of this release.