Think of PinkSheets as an alternative to OTCBB. It is an electronic quotation system displaying quotes from broker dealers for many of the over the counter securities. Market Makers use the bid and ask quotation prices which are published by them. The actual name, "Pink Sheets" comes from a color of paper they were basically printed on. Today, they are published by Pink Sheets LLC, a privately owned company. It is not registered with the SEC and is not a NASD Broker-Dealer.

Pink Sheets does not require companies whose securities are quoted upon its systems to meet any listing requirements. The companies quoted in the Pink Sheets (with the exception of a few foreign issuers) tend to be closely held, extremely small and/or thinly traded. Most do not meet the minimum listing requirements for trading on a national securities exchange, such as NYSE or NASDAQ.  Many of these companies do not file periodic reports or audited financial statements with the SEC, making it very difficult for investors to find reliable, unbiased information about those companies.  For all of these reasons, companies quoted in the Pink Sheets can be among the most risky investments. You should take extra care to thoroughly research any company quoted exclusively in the Pink Sheets. 

For more information and stock quotes, visit http://www.pinksheets.com