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Imagi Looks To Add More U.S. Investment

Imagi International Holdings, Limited has entered into an agreement with Merriman Curhan Ford & Co. whereby the bank will serve as Imagi's Principal American Liaison (PAL) on the International OTCQX, a U.S. listing service representing some of the best companies listed outside the United States.

Imagi's listing on the International OTCQX will enable the Hong Kong CG animation company to gain access to a currently untapped pool of U.S. investors.

Imagi's secondary listing on the International OTCQX is scheduled to become active in September.

An OTCQX listing allows companies to achieve institutional ownership and a strong shareholder following in the U.S., without the cost and complex disclosure requirements associated with a listing on a traditional US exchange. As the OTCQX is purely a secondary market, listing is a non-dilutive event for issuers.

Earlier this month, Imagi announced the $40 million placement of ordinary shares to Singapore-based Oxley Spring Media Limited.

The company also recently announced that it had entered into a global alliance with Summit Ent. for Summit to distribute ASTRO BOY (due to be released in 2009) worldwide except for Imagi's reserved territories of Japan, Hong Kong and China.