Business Wire Eliminates Membership Fee; Announces Enhanced Services at Lower Rates.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- Business Wire announced Monday that it is setting an industry precedent by becoming the first major commercial news service to phase out membership fees effective January 1, 2005. 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. President Cathy Baron Tamraz, Business Wire also will dramatically reduce rates on premier multimedia services and include free monitoring reports on an expanded range of circuits. The elimination of the $120 annual membership fee is a key cost-saving for Business Wire members. Of equal importance, all membership benefits - including corporate profiles, LogoLink, "At a Glance," and ExpertSource - will remain available at no charge. "Although we will be eliminating our membership fee, all benefits of membership remain unchanged as does our 43-year pledge to our members to deliver technological enhancements, quality service, uncompromised value and a continued commitment to excellence," Tamraz said. "This benefit, along with our premier circuit enhancements and technological breakthroughs, clearly indicates that we are creating a paradigm shift A dramatic change in methodology or practice. It often refers to a major change in thinking and planning, which ultimately changes the way projects are implemented. For example, accessing applications and data from the Web instead of from local servers is a paradigm shift. See paradigm. in the newswire industry." Business Wire also announced that it will continue to enhance its value proposition by simultaneously building upon its core strengths: technological innovation (fastest speed in the industry), disclosure expertise, editorial accuracy, customer service, and expanded global reach via exclusive news distribution relationships. Business Wire's bold decision to end membership fees - an industry practice for a half-century - is the latest example of Business Wire redefining the industry standard. Business Wire's industry leadership includes its historic decision to end the 15-minute delay for material news announcements; retail investors Retail Investor Individual investors who buy and sell securities for their personal account, and not for another company or organization. Notes: Retail investors buy in much smaller quantities than larger institutional investors. now have real-time access to market-moving news as a result of Business Wire's unprecedented action. ABOUT BUSINESS WIRE: Business Wire was founded in 1961 by chairman/CEO Lorry I. Lokey, veteran journalist and public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most executive. The company's multi-channel delivery network, with access to some 60 international and national news agencies, financial information providers and Web-based news services throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, Asia, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , the Middle East and Africa, provides real-time, simultaneous access to key audiences -- the news media, trade publications, institutional and individual investors, business-to-business decision-makers and consumers. Business Wire electronically disseminates some 1,000 full-text news releases daily to the media, the Internet, online services and databases, and the global investment community in 150 countries in 45 languages. Business Wire has 25 U.S. offices, Frankfurt, London, Stockholm, Brussels and Sydney offices, and reciprocal Bilateral; two-sided; mutual; interchanged. Reciprocal obligations are duties owed by one individual to another and vice versa. A reciprocal contract is one in which the parties enter into mutual agreements. offices throughout the world. |
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