Next Alternative Inc.: NEXT ALTERNATIVE NAVIGATES HURDLES AFTER FRANKFURT STOCK EXCHANGE ALTERS COURSE
DGAP-News: Next Alternative Inc. / Key word(s): Miscellaneous
Next Alternative Inc.: NEXT ALTERNATIVE NAVIGATES HURDLES AFTER
FRANKFURT STOCK EXCHANGE ALTERS COURSE
18.05.2012 / 07:00
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NEXT ALTERNATIVE NAVIGATES HURDLES AFTER FRANKFURT STOCK EXCHANGE ALTERS
COURSE
(Ottawa, Ontario) Robert Ireland, CEO of Next Alternative, Inc.
(NAI)(N4H-Xetra), was recently featured in a New York Times article in
regard to an unfortunate string of events that lead to many start-up
companies being excluded from the Deutsche Börse Exchange.
While NAI is not one of the companies that was ultimately delisted, it did
find itself scrambling to regain its composure and satisfy the new,
stricter regulations set forth by the exchange. The bourse's First
Quotation Board was a section which allowed companies to tap into capital
from investors without the higher costs or strict disclosure requirements
of the main exchange. Sadly, these lenient guidelines proved to be a
playground for dubious activity. Some companies were duped into giving up
stakes and investors were manipulated into purchasing shares that dropped
quickly and drastically in value.
According to the NY Times article, the exchange has since chosen to close
the First Quotation Board by December 2012 and the remaining 448 companies
listed there will now have to fulfill higher requirements to be included in
its Entry Standard Section. Next Alternative has already been working with
a verified Deutsche Börse Listing Partner who is advising the company on
essential developments within the capital markets, disclosure requirements
and all other details which will ensure that NAI is in total compliance
with the new, stricter criteria.
According to Ireland, 'It's a shame that a few bad apples have so
negatively impacted the European capital market atmosphere - some to the
degree of wiping out businesses entirely. He continued by saying, 'It's a
huge hassle, but in the end, the more stringent rules will certainly
benefit those companies on the up and up. NAI looks forward to reviving our
momentum.'
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
---------------------------------------------------------------------
18.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
170469 18.05.2012
DGAP-News: Next Alternative Inc. / Key word(s): Miscellaneous
Next Alternative Inc.: NEXT ALTERNATIVE NAVIGATES HURDLES AFTER
FRANKFURT STOCK EXCHANGE ALTERS COURSE
18.05.2012 / 07:00
---------------------------------------------------------------------
NEXT ALTERNATIVE NAVIGATES HURDLES AFTER FRANKFURT STOCK EXCHANGE ALTERS
COURSE
(Ottawa, Ontario) Robert Ireland, CEO of Next Alternative, Inc.
(NAI)(N4H-Xetra), was recently featured in a New York Times article in
regard to an unfortunate string of events that lead to many start-up
companies being excluded from the Deutsche Börse Exchange.
While NAI is not one of the companies that was ultimately delisted, it did
find itself scrambling to regain its composure and satisfy the new,
stricter regulations set forth by the exchange. The bourse's First
Quotation Board was a section which allowed companies to tap into capital
from investors without the higher costs or strict disclosure requirements
of the main exchange. Sadly, these lenient guidelines proved to be a
playground for dubious activity. Some companies were duped into giving up
stakes and investors were manipulated into purchasing shares that dropped
quickly and drastically in value.
According to the NY Times article, the exchange has since chosen to close
the First Quotation Board by December 2012 and the remaining 448 companies
listed there will now have to fulfill higher requirements to be included in
its Entry Standard Section. Next Alternative has already been working with
a verified Deutsche Börse Listing Partner who is advising the company on
essential developments within the capital markets, disclosure requirements
and all other details which will ensure that NAI is in total compliance
with the new, stricter criteria.
According to Ireland, 'It's a shame that a few bad apples have so
negatively impacted the European capital market atmosphere - some to the
degree of wiping out businesses entirely. He continued by saying, 'It's a
huge hassle, but in the end, the more stringent rules will certainly
benefit those companies on the up and up. NAI looks forward to reviving our
momentum.'
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
---------------------------------------------------------------------
18.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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170469 18.05.2012