$12M Naples skin, hair care business wins upgraded stock listing

Publicly traded skin and hair care brand Naples Soap Co. is hoping a boost in the index it trades on will translate to more attention from investors and, eventually, more capital. 

The Collier County-based company, traded under the symbols NASO, has been upgraded to the OTCQB Venture Market, which, according to a statement, serves entrepreneurial and early-stage U.S. and international companies. The change was effective May 22, the release adds. 

To be listed on the OTCQB Venture Market, companies must maintain current financial reporting standards and complete an annual verification and management certification process.