Published: September 01, 2010
Powin Corporation Receives Trading Symbol "PWON"
TIGARD, Ore. - (BUSINESS WIRE) - Powin Corporation, a Tigard, Oregon-based OEM manufacturer that supplies
companies as diverse as Walmart and Freightliner, today announced that
it has received its trading symbol - "PWON" - and has been cleared by
FINRA to trade its stock on the Over-the-Counter Bulletin Board (OTCBB).
The company's stock is expected to begin trading within approximately 30
days.
"We are excited that our stock will soon be available to the public
nationally via the OTC Bulletin Board," said Ronald Horne, CFO of Powin
Corporation.
Powin Corporation closed its Initial Public Offering with the Securities
and Exchange Commission (SEC) on March 31, 2010 and recently announced
its second quarter financial results, which showed increases in revenue
and earnings.
Powin's common stock, which had not previously been available for public
trading, will now be quoted and a market price established via the
OTCBB. FINRA oversees the OTCBB, which is an electronic inter-dealer
quotation system that displays real-time quotes, last-sale prices, and
volume information for many over the counter securities that are not
listed on a national securities exchange.
Pennaluna Company of Coeur d'Alene, Idaho was the sponsor of Powin's
Section 240.15c2-11 application to trade on the over the counter market
and is the market maker for Powin shares. For more information, contact
Stan Covey, Pennaluna Company, (800) 541-5558.
About Powin Corporation
Powin Corporation was founded in Tualatin, Oregon in 1990 by Joseph Lu,
a Chinese-American, and has grown into a large international distributor
of more than 2,000 "OEM" (original equipment manufacturer) products.
Through its relationships with manufacturing plants in China, Powin
arranges the manufacturing and distribution of a variety of products
designed and sold in the U.S. and throughout the world. Some of the
products manufactured and supported by Powin include gun safes, outdoor
cooking products, fitness and recreational equipment, truck parts,
furniture and cabinets, plastic products and small electrical
appliances. The Company works closely with the designers, inventors and
marketers of the products to produce and distribute the products. Powin
also manufacturers metal products in Tualatin, Oregon through its
wholly-owned subsidiary, QBF, Inc. For more information please visit www.powin.com.
Powin Corporation
Ronald Horne, CFO, 503-598-6659 x 19
ronaldh@powin.com
or
MAP
Communications
John Mangan, 503-219-9294
john@map-communications.com
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