A.B. Watley Selects w-Trade Technologies for Providing Wireless Services.Business Editors NEW YORK--(BUSINESS WIRE)--April 20, 2000 Customers will be able to access their accounts from a number of wireless platforms A.B. Watley Group Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ABWG), premier provider of online and institutional trading services through its brokerage firm A.B. Watley, Inc. (www.abwatley.com), today announced that the Company will use the w-Trade Technologies' (www.w-trade.com) Wireless Trading System(TM)to offer its clients wireless brokerage services on a wide variety of handheld wireless devices. The new wireless capability is expected to become available within 60 days and once implemented, A.B. Watley customers will be able to buy and sell stock, receive stock quotes and manage their investment portfolios from a wide range of mobile handheld devices including the Palm, Inc. [Nasdaq:PALM] Palm III(TM), Palm IIIx(TM), Palm V(TM), Palm Vx(TM) and Palm VII(TM) organizers, Microsoft Nasdaq:MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ] Windows CE-based handheld devices, one and two-way pagers such as the RIM [Nasdaq:RIMM (Rambus Inline Memory Module) See RDRAM. See also RIM. ] Inter@ctive(TM) pager, personal communicators like the [NYSE NYSE See: New York Stock Exchange :NOK NOK In currencies, this is the abbreviation for the Norwegian Krone. 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. ] Nokia 9000il Communicator and a wide range of cellular phones. The w-Trade Technologies' system also supports all the leading wireless data networks, including CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. , CDPD (Cellular Digital Packet Data) A low-speed, digital, wireless data network that is an enhancement to an existing analog cellular network. Based on IBM's CelluPlan II, CDPD provides a packet overlay onto the AMPS network and moves data at 19. , TDMA (Time Division Multiple Access) A satellite and cellular phone technology that interleaves multiple digital signals onto a single high-speed channel. For cellular, TDMA triples the capacity of the original analog method (FDMA). , GSM and MobiTex and others. "By utilizing the w-Trade wireless trading technology, our clients will have access to their accounts through a wide range of wireless platforms," said Robert Malin, President of A.B. Watley, Inc. "A.B. Watley is extremely pleased to partner with the pioneer of wireless trading, providing our clients with one of the best and most proven wireless trading platforms." "Companies who wish to maintain their competitive advantage in the New Economy are increasingly looking at mobile commerce as the next logical step," said Donna R. Oliva, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of w-Trade Technologies. "A.B. Watley has established itself as a technology leader in the financial services industry, and we are delighted to help them maintain that position by building a wireless system based on our exclusive network and device agnostic technology that can extend A.B. Watley's reach to customers worldwide." ABOUT A.B. WATLEY GROUP INC. A.B. Watley Group Inc. (NASDAQ: ABWG) is the parent Company of A.B. Watley, Inc., a multifaceted, technological and service-oriented brokerage firm offering two proprietary online trading systems, UltimateTrader(R)and WatleyTrader(TM), that provide realtime data feed and instantaneous execution for the most active segment of the online trading community An online trading community exists to provide its members with a structured method for trading, bartering, or selling goods or services. These communities often have forums and chatrooms designed to facilitate communication between the members. . The A.B. Watley, Inc. Institutional Sales and Trading Division specializes in the execution of complex and sensitive large-block equity transactions for institutions, major investment managers, insurance companies, banks, and high net worth individuals. Under its former name, Internet Financial Services Inc., the Company completed its initial public offering of 2,300,000 shares of common stock on April 20, 1999. The company recently reported record 1999 fiscal year end revenues of $20,987,613, an increase of 130% from fiscal year 1998. A.B. Watley Group Inc.'s competitors include E*Trade (NASDAQ: EGRP), Charles Schwab (NYSE: SCH), Ameritrade (NASDAQ: AMTD), TD Waterhouse (NYSE: TWE), MyTrack (NASDAQ: TRAC), DLJ Direct (NYSE: DIR) and National Discount Brokers (NYSE: NDB). About w-Trade Technologies Founded in 1997, w-Trade Technologies Inc. (www.w-trade.com) introduced mobile commerce to the world when it released the first of its wireless application products more than two years ago. Today, the company offers 19 wireless applications in four groups: mobile finance, commerce, content and communications. Its core, patent pending technology is able to extend any business globally into the wireless world through virtually any handheld wireless device and wireless network. Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. with an international presence in Germany, Spain, Finland and Russia, w-Trade Technologies' clients include some of the world's leading organizations. The company also has built strategic alliances with many of the leading telecommunications companies, device manufacturers and wireless infrastructure organizations. |
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