DGAP-News NEXT ALTERNATIVE TO COMPLY WITH NEW REGULATIONS OF FRANKFURT STOCK EXCHANGE
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DGAP-News: Next Alternative Inc. / Key word(s): Letter of Intent
NEXT ALTERNATIVE TO COMPLY WITH NEW REGULATIONS OF FRANKFURT STOCK
EXCHANGE
08.02.2012 / 12:30
NEXT ALTERNATIVE TO COMPLY WITH NEW REGULATIONS OF FRANKFURT STOCK EXCHANGE
(Ottawa, Ontario, February 08, 2012) Robert Ireland, CEO of Next
Alternative, Inc., is pleased to announce that the firm will take all the
necessary steps to adhere to the new terms and conditions of the Frankfurt
Stock Exchange.
In 2011, requirements of the First Quotation Board (FQB), a financing
segment, were tightened in order to protect the capital market and in
particular, the investors, as well as to impede market manipulation and
fraud. Even so, there were still cases of suspected manipulation.
Therefore, Deutsche Borse has chosen to discontinue the FQB in its present
form and only the companies that fulfill new stringent corresponding
requirements will be allowed for inclusion via one of three segments. These
segments are Prime Standard and General Standard in Regulated Market and
Entry Standard in Open Market - which is where Next Alternative falls.
These tighter regulations will lend to enhanced transparency and the
overall efficiency of the market, thereby ensuring continual raising of
capital and tradability of securities. Final implementation of the new
market segment is expected to take effect end of third quarter 2012.
According to Ireland, ´Next Alternative is fully behind the initiative to
further regulate the trading process.´ He continued, ´The new criteria will
protect companies and investors alike. We intend to fully comply and easily
meet the requirements, in order to better serve our stakeholders while
supporting the continued strength of the market as a whole.´
Next Alternative Inc. is a break-through company paving the way in the
global effort to discover alternative means of energy. Understanding the
need to reduce the demand for fossil fuels, Next Alternative is pioneering
new methods that provide eco-friendly solutions. Poised on the cutting-edge
of new green technologies, Next Alternative strives to develop and offer
products that meet the challenges of our new economy. Next Alternative
stands as an innovator - bringing existing technologies together and
melding them to meet future demand. For more information on Next
Alternative please visit next-alternative.com or call 613.755.4023.
# # #
End of Corporate News
08.02.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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155876 08.02.2012
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