Bidwell & Co. Contracts QuoteMedia to Supply Real-Time Market Data to Customers Worldwide.Business Editors PHOENIX--(BUSINESS WIRE)--May 28, 2003 QuoteMedia Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : QMCI QMCI Quantitative Macroinvertebrate Community Index ) announced this week an agreement to supply streaming market data to the client base of major online brokerage Bidwell & Co. Under the terms of the agreement, Bidwell & Co. will purchase individual real-time licenses of QuoteMedia's dynamic Quotestream(TM) wealth management software for all its retail customers for an initial 12-month period, with an option to renew for subsequent years. QuoteMedia 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. Dave Shworan said the agreement will generate immediate revenue for his company, as well as recurring income from monthly subscriptions of QuoteMedia services. In tandem Adv. 1. in tandem - one behind the other; "ride tandem on a bicycle built for two"; "riding horses down the path in tandem" tandem with the back-end data integration, Shworan said the brokerage will also contract QuoteMedia for the provision of their full suite of interactive data tools for the Bidwell.com and BidwellInstitutional.com Web sites. "It is always exciting to sign on a partner with the experience, reputation and size of Bidwell & Co.," said Shworan. "Bidwell wanted high-quality, real-time information -- the best information tools for their clients -- and they chose QuoteMedia." Bidwell & Co.'s Executive Vice President Julie Bussing, said the addition of QuoteMedia services is part of the company's overall strategy to create the most comprehensive 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. experience possible. "Our goal was to find the best and most reliable real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. solution for our clients," said Bussing. "After thoroughly researching the market, we found QuoteMedia was the only provider that was able to deliver everything we were looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. . They have developed a superior product, and their commitment to client service matches our business philosophy." Bussing said QuoteMedia will supply real-time quotes, interactive charts, news, and corporate filings, along with streaming portfolio valuations, for the firm's client base. All costs, including exchange fees, are being paid by the brokerage, as an added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
"QuoteMedia listened to our needs and responded with a solid proposal that surpassed our expectations," said Bussing. "Quotestream(TM) is the best streaming portfolio system on the market. The amount of information that our customers will now access in real-time is exceptional. We believe the provision of this data for our clients was not an option, it was a requirement." Shworan said the online brokerage market is now recognizing the need to provide real-time market data for their customers, pointing to recent deals QuoteMedia has signed with firms such as JB Oxford & Co., Qtrade Investor, Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings and others. "The business of investing is changing," he said. "Companies must adapt to meet the growing demands of their clients in order to remain competitive. Our job is to relieve that pressure by providing innovative, comprehensive financial data solutions for companies like Bidwell & Co., so they can stay focused on their core business strategies." About QuoteMedia Inc. QuoteMedia Inc. is a leading developer and distributor of streaming market data and comprehensive financial content applications to the financial industry. QuoteMedia develops and licenses a variety of information applications that deliver real-time financial data to clients worldwide, including brokerage firms, financial institutions, online portals and public companies. About Bidwell & Co. Bidwell & Co. has provided self-directed investors with innovative technology, industry-leading account reporting, and a wide range of investment services and tools at low commissions since 1984. The company executes orders for U.S and foreign stocks, options, bonds and mutual funds on all major exchanges. Bidwell & Co. also offers correspondent clearing services through Bidwell Clearing Services and institutional services to financial advisors through Bidwell Institutional Services. Statements about QuoteMedia's future expectations, including future revenue, earnings, and transactions, as well as all other statements in the press release other than historical facts are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the 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. QuoteMedia intends that such forward-looking statements be subject to the safe harbors 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. created thereby. These statements involve risks and uncertainties that are identified from time to time in the company's SEC reports and filings, and are subject to change at any time. QuoteMedia's actual results and other corporate developments could differ materially from that which has been anticipated in such statements. For more information, please contact: info@quotemedia.com Product Demonstration and Sales Toll-Free: 877/311-9911 sales@quotemedia.com Investor Relations Investor relations The process by which the corporation communicates with its investors. : Dave Shworan, CEO QuoteMedia Inc. 877/311-9911 ext. 101 dave@quotemedia.com |
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