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COMTEX JOINT VENTURES WITH INVESTMENT NEWS NETWORK; CLOSER SHAREHOLDER COMMUNICATION A PRIORITY

 COMTEX JOINT VENTURES WITH INVESTMENT NEWS NETWORK;
 CLOSER SHAREHOLDER COMMUNICATION A PRIORITY
 SAN DIEGO, Feb. 25 /PRNewswire/ -- Comtex and Investment News Network ("INN") (Vancouver Stock Exchange: BUK) announced that a joint venture arrangement was completed today which will allow INN to have Comtex's full-text OmniNews service available through INN's financial 1-900 telephone/fax service.
 The problem of close and effective shareholder communication is one that is becoming increasingly more difficult for North American public companies, as pointed out in a recent Wall Street Journal article ("Firms Get Stingy With Quarterly Reports," Feb. 13, 1992). As more and more of those companies choose to mail financial information to registered shareholders only, there is no way of ensuring that non- registered shareholders are informed of pertinent corporate information.
 INN allows public companies the ability to communicate with all shareholders efficiently and effectively through a 1-900 pay-per-call telephone network. Companies provide information to be communicated (such as press releases, financial reports) to the INN system and shareholders then simply use a touch-tone phone or fax to access this information 24 hours a day, seven days a week.
 The alliance between Comtex and INN allows INN to provide detailed financial and industry news on more than 18,000 NYSE, AMEX, NASDAQ, and Pink Sheet companies as well as international and national news, the SEC, and NASD.
 Commenting on the joint venture, INN's president, James Franklin, said, "We are delighted to work with Comtex in providing the first audiotext news service for Comtex. Effective communication is playing an increasingly important part in the success and profitability of public companies. INN's joint venture with Comtex demonstrates the company's commitment to providing up-to-the-minute financial information to investors and financial advisors alike. INN will work to solidify its role as an innovator in shareholder communication."
 Comtex was incorporated in 1980 as a value added integrator of electronic news and information. Comtex delivers its real time news products to over 75 corporations and one million end-users worldwide. The company's information is gathered from 15 national and international newswires. In addition to delivering its product via fax, Comtex is known in the electronic information industry to also deliver via dial- up, turnkey, FM, satellite, and electronic mail.
 -0- 2/25/92
 /CONTACT: Jay Hannon of Comtex, 203-358-0007; or Jim Franklin of INN, 800-728-0552 or 619-552-0132/
 (BUK.) CO: Comtex; Investment News Network ST: Connecticut, British Columbia IN: SU: JVN


GK-SH -- NY019 -- 2240 02/25/92 10:02 EST
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Publication:PR Newswire
Date:Feb 25, 1992
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