WORCESTER, Mass.—OTC Markets Group has approved natural rubber latex company Vystar Corp. to begin trading its securities on the OTCQB marketplace, according to Vystar.
OTC Markets Group is a financial market providing price and liquidity information for almost 10,000 over-the-counter (OTC) securities.
The OTCQB market, which requires annual certification for all the companies listed on it, is a step up for Vystar, which previously was listed on OTC Pink, a market which has no financial standards or reporting requirements.
OTCQB entails not only increased reporting standards, but also increased transparency and visibility of trade data, according to Vystar CEO Steve Rotman.
"In a nutshell, we're gaining exposure to a higher tier of investors and the potential to further enhance liquidity," Rotman said.
Worcester-based Vystar is the creator and manufacturer of Vytex, a multi-patented natural rubber latex that has significantly reduced protein content.
Vytex is hypoallergenic, biodegradable, environmentally safe and 100 percent renewable, according to Vystar. The product has applications in a broad range of products including balloons, adhesives, gloves, condoms, mattresses and pillows, according to the company.