Madison Williams and Company (www.madisonwilliams.com), a leading full-service investment banking firm, announced its sponsorship as Principal American Liaison (PAL) for Energy World Corporation. Energy World is an Australian Securities Exchange listed company focused on providing natural gas and power primarily to developing regions of South East Asia. Effective today, Energy World’s ADRs are available for trading in the United States on OTCQX International under the symbol “EWCLY.” Each ADR represents 30 ordinary shares listed on the ASX market under the symbol “EWC.”
Managing Director and Head of Madison Williams’ OTCQX Advisory Group Stephen Nash said, “OTCQX quotation is an excellent conduit for high quality international companies like Energy World to gain access to U.S. capital markets without the overwhelming financial and time commitments of a traditional exchange listing. In addition to the extensive expertise and network we have through our industry-leading energy investment banking practice, Madison Williams provides a comprehensive OTCQX sponsorship including a unique listing and marketing process that enhances access to capital and dedicated ongoing advisory and marketing services.”
As part of Madison Williams’ Principal American Liaison sponsorship, the firm has been retained to provide a suite of capital markets services and will provide the PAL compliance function for Energy World’s listing on the OTCQX International. Madison Williams’ suite of services distinguishes its PAL sponsorship program by providing the highest level of client service, integration and coordination among the firm’s institutional sales, trading, research and investment banking departments.
Energy World Chief Executive Officer Stewart W.G. Elliott said “Listing on the OTCQX will allow us to gain access to U.S. investors who share the vision for bringing clean and green gas to Asia through Energy World’s modular LNG liquefaction system and hub terminals for distribution. The present demand for power in Asia is insatiable and with Asia’s economic growth taking off it will require an enormous increase in power consumption to maintain this growth at its present rate. Likewise, protecting the environment is a growing global concern and therefore Asian governments are looking to build their nations around cleaner “gas-based economies.” We’re confident that the combination of being quoted on OTCQX combined with the extensive expertise and support of advisor and Principal American Liaison Madison Williams will provide the connection we are seeking with like minded investors in the U.S. investment community.”
The OTCQX is a highly visible trading platform that has attracted more than 110 companies since its inception in early 2007. Built on a robust electronic quotation and trading platform, the OTCQX International has emerged as the world’s premier cross-listing venue for international issuers that wish to benefit from U.S. trading and investor demand without diluting their current shareholder base. In just over three years, the OTCQX has grown to include more than $600 billion in companies traded on the market.
About Madison Williams and Company
Madison Williams is a privately held integrated capital markets and investment banking firm offering advisory services, equity sales, trading, and research services to institutional and corporate clients. Headquartered in New York, the firm has more than 100 employees in six major offices, including New York, Houston, New Orleans, Boston, Chicago and San Francisco. Madison Williams was the capital markets business of Sanders Morris Harris Group (Nasdaq: SMHG) and was spun out in a management-led buyout in December 2009. For more information about Madison Williams, contact 212-317-2707, or log on to http://www.madisonwilliams.com
About Energy World Corporation
Energy World Corporation Limited (ASX: EWC / OTCQX: EWCLY) is an integrated energy company based in Hong Kong and listed in Australia and New Zealand. The Company has primary gas and power operations located at Sengkang, South Sulawesi in Indonesia; and also produce gas, power and LNG in Australia. In power generation, the company owns and operates two gas-fired power plants that are located in Sengkang, South Sulawesi, Indonesia and in Alice Springs, Northern Territory Australia. For more information, log on to www.energyworldcorp.com.
Whit Clay, 212-446-1864
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here