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HOUSTON, TX --(Marketwired - January 14, 2016) - Brightlane Corp. (OTCQB: BTLN), a lease-to-own residential real estate provider, today announced that the Company's common stock has been up-listed and approved for trading on the OTCQB Venture Marketplace. The Company also reiterated its strategy to create greater opportunity for its shareholders and attract new retail and institutional investors by providing transparency via this up-listing.
"We are extremely excited to announce our up-list to the OTCQB Venture Marketplace," stated Steve Helm, CEO of Brightlane Corp. "Brightlane is committed to the high level of financial and corporate disclosure that is required for this listing category and it further demonstrates significant improvement in how we are categorized in the public market and directly relates to a platform that requires full transparency," Mr. Helm added. "This move represents our continued commitment to our shareholders, and we believe that trading on the OTCQB will enhance trading liquidity, broaden our shareholder base and continue to increase market adoption of our business model, thereby enhancing shareholder value."
The OTCQB is considered by the SEC as an "established public market" for the purpose of determining the public market price when registering securities for resale with the SEC. The OTC Pink is not considered as such and most broker dealers will not trade or recommend OTC Pink stocks. Because the OTCQB dramatically increases transparency, reporting standards, management certification and compliance requirements, the majority of broker dealers trade stocks on the OTCQB. Historically this has resulted in greater liquidity and awareness for companies that reach the OTCQB tier.
"We have worked diligently towards this goal, and it exemplifies our commitment to building a great company," Mr. Helm stated. "These milestones open the doors to institutional investors and market makers who were not previously able to buy and sell shares of our company. Meeting the increased compliance and information requirements of OTCQB provides our investors greater confidence in the information we disclose and ensures our commitment to transparency and accountability."
"As we focus on building a business that delivers long term shareholder value, we believe this up-listing will enhance investor accessibility and serve as a stepping stone to meeting the listing requirements for admission to the NASDAQ Stock Exchange in the future," states Mr. Helm.
About Brightlane Corp.:
Brightlane Corp. provides a new pathway to home ownership. Brightlane provides a lease-to-own real estate model in which it acquires single-family homes and portfolios of single-family homes and then leases-to-own the properties whereby leasees will eventually own the home if they so choose. Once tenants fulfill their obligations under the contract, Brightlane will deliver the deed to the leasees. Brightlane actively pursues the acquisition of these types of homes through the purchase of bank REOs, portfolios and other methods of acquisition.
For more information please visit: www.brightlanecorp.com
Safe Harbor Statement:
Except for statements of historical fact, the matters discussed in this press release are forward-looking, and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements made herein regarding the intent, belief or current expectations of Brightlane Corp. are forward-looking statements that reflect numerous assumptions, risks and uncertainties, many of which are beyond our control, and any of which could cause our actual future results to differ materially from our stated expectations today. Prospective investors are cautioned that our forward-looking statements are never guarantees of future performance. Important factors currently known to management that could cause our actual future results to differ materially from those indicated in our forward-looking statements today include our limited operating history, fluctuations in our operating results, our ability to compete successfully and our ability to attract necessary capital on satisfactory terms. Except as required by applicable law, we undertake no obligation to update or revise our forward-looking statements to reflect changed assumptions, the occurrence of unanticipated future events or changes in our future operating results.
Phone: (888) 468-BTLN Ext-103