724 Solutions Corrects and Replaces Previous NRI Announcement, BW2083, TX-724-SOLUTIONS/NRI, Issued November 20.Business Editors & High-Tech Writers NOTE: The following news release replaces and corrects the previous 724 Solutions news release, which ran November 20 on Business Wire, BW2083 (TX-724-SOLUTIONS/NRI) TORONTO & AUSTIN, Texas--(BUSINESS WIRE)--Nov. 20, 2001 Japan's Largest Brokerage Launches Alerts and Aggregation Technology From 724 Solutions; Marks First Launch in Japan For 724 Solutions and Local Distribution Partner NRI NRI Nomura Research Institute (Tokyo, Japan) NRI Non-Resident Indian NRI Natural Resources Institute NRI National Resources Inventory NRI Networked Readiness Index NRI Natural Resources Inventory NRI National Research Institute 724 Solutions Inc. (Nasdaq:SVNX) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :SVN SVN Subversion (version control system) SVN Slovenia (international traffic code) SVN Social Venture Network SVN South Vietnam SVN Secure Virtual Network SVN Supervised Visitation Network ) and Nomura Research Institute, Ltd. announced today that Nomura Securities Co., Ltd. -- Japan's largest brokerage -- has launched aggregation and financial alerts services based on technology from 724 Solutions to its 800,000 online customers. Both services are being offered in Japanese, and the sale comes as a result of a distribution agreement for the Japanese market that 724 Solutions signed with Nomura Research Institute, Ltd. (NRI) earlier this year. Available across Japan, the new services allow Nomura Securities' online customers to use a single ID and password to access a consolidated view of their various Internet-based financial accounts in one, secure, easy-to-access place. Consumers can also use this convenient service to surf the Web and effectively "clip-and-paste" their favorite content and Web site frames onto their page so they can see that updated content whenever they sign on to their account. As part of its NOMURA HomeTrade financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , Nomura Securities can now offer its online customers the opportunity to create financial and news related alerts about these activities as they happen. "The ability to offer our customers personalized services like aggregation and alerts helps our customers differentiate themselves from the competition and set the standard for online brokerage services in Japan," said Shin Kusunoki, General Manager of NRI. "When selecting our technology, we looked for a solution provider who had experience delivering first-rate products on a global scale, while maintaining a sensitivity to our local market. 724 Solutions has built a reputation for delivering global solutions to the world's leading financial institutions. Their combined skill, experience and expertise are difficult to match." "The number of Internet users in Japan continues to grow every year, and leading financial institutions like Nomura Securities are offering online financial services that capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. this growth -- and help set the trend for Japan's financial services industry. NRI is focused on retaining its leadership position as the systems integrator of choice for Japanese financial institutions and portals, and today's launch shows that with 724 Solutions' technology, we can retain that leadership position and help our customers maximize their online presence." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Nomura Research Institute there are 62 million mobile phone subscribers in Japan of which 61 percent subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; the mobile Internet Refers to gaining access to the Internet using a lightweight, handheld device. See Mobile IP, PDA, smartphone and mobile TV. . "Today's announcement marks an important milestone for 724 Solutions in the Japanese market -- our previously announced distribution agreement with NRI has born its first fruit in the form of leading brokerage Nomura Securities, and 724 Solutions' aggregation and alerts technology is live and in the hands of Japanese consumers," said John Sims John Sims (1749–1831) was a taxonomist who classified various species of plants. He was the first editor of The Botanical Magazine after the founder, William Curtis.[1] References 1. ^ John Sims, 1749–1831. Darwin Project. , Chief Executive Officer, 724 Solutions. "We look forward to seeing continued progress in Japan through our ally NRI as 724 Solutions continues to leverage its distribution partners around the world." About Nomura Research Institute Ltd. NRI is expanding its operational system outsourcing business in the finance, securities, distribution, and public sector fields. NRI has earned an outstanding performance record in Japan as an operational system-outsourcing vendor and has developed numerous mission-critical operational applications for Internet users. NRI's customer base includes companies that lead the way in Internet commerce by offering cutting-edge services. NRI currently operates nine offices worldwide with approximately 2,870 employees and sales of more than US $1,740,000,000 (US $1 = JPY JPY In currencies, this is the abbreviation for the Japanese Yen. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 116). About 724 Solutions Inc. 724 Solutions Inc. (Nasdaq:SVNX) (TSE:SVN) is a leading provider of mobile Internet infrastructure software and applications. It makes m-business happen globally by powering the delivery of secure mobile transactions for financial institutions and mobile operators. With dual headquarters in Toronto, Canada, and Austin, Texas, the company has development and sales offices around the world. For more information visit www.724.com. This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements include the statements herein regarding: the services and products that will be offered by 724 Solutions, Nomura Research Institute and Nomura Securities to Japanese consumers, financial institutions and portals, the benefits that consumers, financial institutions and portals will obtain from these services and products, and future demand for these services and products in the Japanese market. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including the risk that 724 Solutions, Nomura Research Institute and Nomura Securities will be unable to deploy the solutions and products stated herein, the risk that the demand for the solutions and products will not increase as presently anticipated and other risks described in 724 Solutions' SEC filings, including its annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . These risks are also described in 724 Solutions' filings with the Canadian Securities Administrators Canadian Securities Administrators(CSA) is a forum for the 13 securities regulators of Canada's provinces and territories to coordinate and harmonize regulation of the Canadian capital markets. , including its prospectuses, material change reports, Annual Information Form and Management Information Circular Information Circular A document sent to shareholders outlining important matters to be discussed at the annual shareholders' meeting. Notes: Sent along with a proxy, the information circular may cover matters such as the election of the Board of Directors, possible . 724 Solutions, Nomura Research Institute and Nomura Securities do not undertake any obligation to update this forward-looking information, except as required under applicable law. |
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