evm lists adrs on otcqx.....they wha?!

Hey! It's all new to me. Some clever bugger will explain what this means to us mere mortals.

Published: August 24,2009
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EnviroMission Limited Joins OTCQX


NEW YORK Aug. 24 /PRNewswire/ -- Pink OTC Markets Inc., the leading electronic inter-dealer quotation system, trading technology and financial information provider for over-the-counter (OTC) securities, today announced that EnviroMission Ltd. (ASX: EVM, OTCQX: EVOMY), an Australian renewable energy production company, has chosen to list its American Depositary Receipts (ADRs) on OTCQX. EnviroMission's ADRs began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and real-time Level 2 quotes for the company on www.otcqx.com and www.pinksheets.com.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090708/NY43125LOGO )

"We are pleased to welcome EnviroMission to OTCQX," said R. Cromwell Coulson, Chairman and CEO of Pink OTC Markets. "OTCQX gives EnviroMission a visible market tier to increase U.S. investor awareness and is a natural choice for international companies that wish to have a reputable and liquid secondary market for their U.S. shareholders."

The Bank of New York Mellon, which acts as Depositary for EnviroMission's ADR program, will serve as EnviroMission's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on listing requirements.

"Listing on the OTCQX provides EnviroMission with the platform to create U.S. investor awareness and liquidity through a transparent and reputable market mechanism," EnviroMission Limited Executive Chairman Roger Davey said.

EnviroMission Ltd.'s ADRs will trade in the United States on OTCQX under the symbol "EVOMY", where each ADR will represent 20 ordinary shares. EnviroMission's shares are also listed on the Australian Stock Exchange under the symbol EVM. The company's headquarters are in South Melbourne, Victoria.

About EnviroMission Ltd.

(ASX: EVM, OTCQX: EVOMY) EnviroMission Ltd. owns the exclusive global license (excluding China) to breakthrough Solar Tower updraft technology and plans to commercialize the first of two planned Solar Tower power stations in the United Sates. A single 200MW (installed capacity) power station development will produce enough renewable energy to provide power to more than 500,000 households. For more information, visit: http://www.enviromission.com.au.

About OTCQX

OTCQX provides a gateway to U.S. securities markets for international companies that are listed on a qualified non-U.S. exchange and provide ongoing disclosure in English to U.S. investors. More importantly, OTCQX distinguishes the reputable international issuers from the other 9,000 over-the-counter (OTC) securities traded in the U.S. Only leading companies that have substantial operating businesses and provide credible disclosure to the public are eligible for inclusion on the premium-tier OTCQX, which commenced trading on March 5, 2007. For more about OTCQX, visit www.otcqx.com.

About Pink OTC Markets Inc.

Pink OTC Markets Inc. provides the leading inter-dealer electronic quotation and trading system in the over-the-counter (OTC) securities market. We create innovative technology and data solutions to efficiently connect market participants, improve price discovery, increase issuer disclosure, and better inform investors. Pink OTC Markets operates the third largest U.S. equity trading venue which includes both the elite OTCQX market tiers for strong OTC-traded companies that can satisfy financial and disclosure listing standards and Pink Sheets for all other OTC quoted securities.

Pink OTC Markets is headquartered in New York City.

To learn more about how Pink OTC Markets' products and services make OTC markets more transparent, informed, and efficient, please visit our websites at www.pinkotc.com, www.pinksheets.com and www.otcqx.com or contact us at [email protected].