OMNIQ CORP. Announces Uplisting to OTCQB Venture Market
Salt Lake City, UT – August 1, 2024 – OMNIQ CORP. (OTCQB: OMQS), a leading provider of AI-based solutions for supply chain management, public safety, and healthcare, is pleased to announce that its common stock has been approved for uplisting from the OTC Pink Market to the OTCQB Venture Market, effective immediately.
The OTCQB Venture Market, operated by OTC Markets Group, is recognized as a premier marketplace for early-stage and developing U.S. and international companies. The move to OTCQB reflects OMNIQ’S commitment to increasing transparency, improving investor confidence, and attracting a broader base of shareholders. This significant milestone underscores the company’s sustained growth, financial stability, and adherence to high standards of corporate governance and disclosure.
“We are pleased to announce our uplisting to the OTCQB Venture Market,” said Shai Lustgarten, CEO of omniQ® “This achievement marks a crucial step in our strategic plan, enhancing our visibility within the investment community and providing greater liquidity for our shareholders. The uplisting not only validates our business model and operational achievements but also sets the stage for future expansion.”
OMNIQ continues to leverage its proprietary AI technology to deliver innovative solutions that optimize supply chain operations, enhance public safety, and improve healthcare outcomes. The company’s advancements in machine vision and IoT (Internet of Things) have positioned it as a leader in the intelligent technology space, driving efficiency and sustainability across various industries.
Impact on Shareholders
The transition to OTCQB is expected to provide current and potential investors with better trading conditions, including improved market depth and reduced spreads. Additionally, it highlights the company’s ongoing efforts to meet rigorous financial and operational standards.
Investors can find real-time Level 2 quotes and market information for omniQ® at www.otcmarkets.com under the ticker symbol “OMQS.”
ABOUT OMNIQ
OMNIQ Corp. (OTCQB: OMQS) provides computerized and machine vision image processing solutions that use patented and proprietary AI technology to deliver real-time object identification, tracking, surveillance, and monitoring for the Supply Chain Management, Public Safety, and Traffic Management applications. The technology and services provided by the Company help clients move people, and objects and manage big data safely and securely through airports, warehouses, schools, and national borders and in many other applications and environments.
OMNIQ’s customers include government agencies and leading Fortune 500 companies from several sectors, including manufacturing, retail, distribution, food and beverage, transportation and logistics, healthcare, and oil, gas, and chemicals. Since 2014, annual revenues have more than doubled, reaching $81 million in 2023, from clients in more than 40 countries.
The Company currently addresses several billion-dollar markets with double-digit growth, including the Global Smart City & Public Safety markets.
Information about Forward-Looking Statements
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
This release contains “forward-looking statements” that include information relating to future events and future financial and operating performance. The words “anticipate”, “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for the Company’s products, the introduction of new products, the Company’s ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company’s liquidity and financial strength to support its growth, the Company’s ability to manage credit and debt structures from vendors, debt holders and secured lenders, the Company’s ability to successfully integrate its acquisitions, and other information that may be detailed from time-to-time in omniQ Corp.’s filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include, among others, statements regarding revenue growth, driving sales, operational and financial initiatives, cost reduction and profitability, and simplification of operations. For a more detailed description of the risk factors and uncertainties affecting omniQ Corp., please refer to the Company’s recent Securities and Exchange Commission filings, which are available at https://www.sec.gov. omniQ Corp. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless otherwise required by law.