America Online and CCBN.com Announce Strategic Alliance to Facilitate Direct Online Communications Between Companies and Investors.Business Editors/Hi-Tech Writers BOSTON and DULLES, Va.--(BUSINESS WIRE)--Jan. 19, 2000 Will Utilize the Internet to Upgrade Quality and Timeliness of Corporate Disclosures Multi-Year, Multi-Million-Dollar Agreement to Feature CCBN CCBN Central Coast Bancorp CCBN Charles County Business Network on AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Personal Finance Channel and Other AOL Brands CCBN.com (http://www.ccbn.com), one of the leading providers of Internet-based corporate-investor communications, and America Online See AOL. , Inc. (NYSE NYSE See: New York Stock Exchange : AOL), the global leader in branded interactive services, today announced a strategic alliance to expand and improve upon the quality and timeliness of corporate communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. with investors. Under the three-year, multi-million dollar agreement, the two companies will couple CCBN's rapidly growing base of more than 1,150 corporate clients with the millions of AOL members who actively utilize business and investment information. Through newly designed areas on the AOL and CompuServe services and on Netscape Netcenter, publicly-traded corporations will have a venue for disclosure of their news, events, plans and other communications with the general investing public. More than 22 million combined AOL and CompuServe members, as well as millions more visitors to Netscape Netcenter, will gain access to CCBN's extensive, Web-based business information network, as well as its package of sophisticated investment tools. The new service comes at a time when Web-based investment is skyrocketing; Jupiter Research forecasts online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. households will grow to more than 20 million by 2003. Under the terms of the agreement, AOL will also make an equity investment in CCBN, and AOL's interactive marketing group will support CCBN in developing advertising and e-commerce opportunities. Links from AOL brands, including AOL's industry leading Personal Finance Channel, will provide seamless access to co-branded AOL/CCBN sites, which will include audio "webcasts" from live and recorded conference calls, offer access to analysts' earnings estimates, feature live chats with corporate executives, analysts and money managers, and provide a continuous window into what's happening in the corporate world. In addition, the new site will offer users a co-branded Personal Finance calendar, featuring the dates of such events as IPOs, stock-splits, dividend and ex-dividends, as well as economic events. Continuing the evolution of AOL's next-generation AOL 5.0 software, CCBN's StreetEvents (http://www.streetevents.com), featuring investment-related event information gathered directly from more than 4,000 public companies and Wall Street's leading investment firms, will also be available through "My Calendar" in AOL 5.0. Building on CCBN's success as one of the leading aggregators of direct corporate information to shareholders, StreetEvents organizes corporate earnings announcements, analyst conference calls and other investment event information into an easy-to-use, interactive and downloadable master calendar. Jeff Parker Jeff Parker can refer to more than one person:
A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. a convenient network through which they can provide richer and more timely disclosure, in keeping with the clear desire of the SEC." Parker continued, "As CCBN recognized in putting investor communications on the Web and creating our StreetEvents service, and as AOL has proved in building its vast community of members, there's nothing quite like this medium when it comes to communication. Now, through this agreement with AOL, CCBN hopes to turn the Web into a more efficient medium of corporate disclosure, removing the third parties, the noise and the obstacles that exist between companies and their investors, and giving them direct access to one another." Barry Schuler Barry Martin Schuler (born September 7, 1953 in Jersey City, New Jersey) is American Internet pioneer, perhaps best known for making the Internet easy to use consumers while working for America Online for seven years, and being the CEO for three years. , President of AOL Interactive Services, said: "CCBN is one of the leaders in using the power of the Internet to revolutionize rev·o·lu·tion·ize tr.v. rev·o·lu·tion·ized, rev·o·lu·tion·iz·ing, rev·o·lu·tion·iz·es 1. To bring about a radical change in: Television has revolutionized news coverage. 2. the way companies and investors communicate. This alliance provides an historic opportunity to take direct corporate-investor communications to a new level of efficiency, timeliness and reach." About CCBN CCBN is a leading provider in a rapidly emerging industry supporting essential communications between public companies and the investment community over the Internet. IR Online, the company's suite of Web-based communication services provides public companies with a customized, comprehensive and cost-effective Internet solution for investor relations Investor relations The process by which the corporation communicates with its investors. . StreetEvents, the company's event management service, provides corporations, financial institutions and individual investors with access to an online portal that enables them to identify, organize, and track investment-related event information. Founded in 1997 by Jeff Parker, creator of First Call, CCBN.com (http://www.ccbn.com) is one of the leading providers of Web-based solutions for corporate-investor communications. StreetEvents (http://www.streetevents.com) provides services to more than 4,000 public companies and hundreds of leading investment firms. About America Online, Inc. Founded in 1985, America Online, Inc., based in Dulles, Virginia Dulles, Virginia is an unincorporated census-designated place located in Loudoun County, Virginia, part of the Washington Metropolitan Area. The headquarters of AOL, Orbital Sciences Corporation and ODIN technologies and the former headquarters of MCI Inc. are located in Dulles. , is the world's leader in interactive services, web brands, Internet technologies and e-commerce services. America Online, Inc. operates: two worldwide Internet services, America Online, with more than 20 million members, and CompuServe, with more than 2.2 million members; several leading Internet brands including ICQ ("I Seek You") A conferencing program for the Internet from Mirabilis, Tel Aviv, Israel (www.icq.com). It provides interactive chat, e-mail and file transfer and can alert you when someone on your predefined list has also come online. , AOL Instant Messenger See AIM. , Digital City Inc.; the Netscape Netcenter and AOL.COM portals; Netscape Navigator An earlier Web browser for Windows, Macintosh and X Windows from Netscape that provided secure transmission over the Internet. Soon after its introduction in 1994, Navigator, or just "Netscape," as it was commonly called, quickly became the leading browser on the Web. and Communicator browsers; AOL MovieFone; Spinner.com, Winamp and SHOUTcast. Through its strategic alliance with Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. , the company develops and offers easy-to-deploy, end-to-end e-commerce and enterprise solutions for companies operating in the Net Economy. |
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