COMTEX to Open European Office, Offer Region-Specific Product Line to Increase International Service Capabilities.Business Editors/Hi-Tech Writers Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the World Spring 2001 Internet Content Europe ALEXANDRIA, Va.--(BUSINESS WIRE)--March 12, 2001 Region-Specific News Products Deliver Specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. Business and Financial Information for Worldwide Business Community COMTEX News Network, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CMTX CMTX Charcot-Marie-Tooth Disease, X-Linked ) announced today its expansion in the international content market with the opening of a European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. office and the offering of a line of region-specific news products. To meet the increasing worldwide demand for content aggregation and distribution services, and accommodate the needs of a growing international client list, COMTEX will open its European facilities in the fall of 2001. "The international market has seen significant demands from information services See Information Systems. and content based businesses that are responding to the growing need for targeted content solutions and is poised for dramatic growth," said Charles Terry, President and 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 COMTEX. "COMTEX's strategy is to be in place in the international market as the need for content accelerates. As the leading business-to-business infomediary (INFOrmation interMEDIARY) An information provider that gathers content from several sources and functions as a data aggregator for a target audience. , COMTEX will be able to immediately leverage its expertise and deliver a robust solution to these businesses." For subscribers in need of targeted, area-specific news, COMTEX is enhancing its regional product line to its CustomWires(R) offering, which delivers real-time, subject-specific newswires from over 10,000 global information sources, ensuring comprehensive reporting. Regions included in the new CustomWires: -- European -- Eastern Europe -- Western Europe -- Pacific Rim, including sub-categories: -- China and Hong Kong -- Singapore, Malaysia, Thailand and Indonesia -- Japan, Korea and Taiwan -- Australia and New Zealand Each CustomWire brings together information from agencies and publishers to offer both a global and local perspective on business, financial, economic and political news that affects business in a particular region. With COMTEX as a single source provider customers save time and money and can obtain a diverse blend of news, categorized cat·e·go·rize tr.v. cat·e·go·rized, cat·e·go·riz·ing, cat·e·go·riz·es To put into a category or categories; classify. cat , and relevant to their needs. As with all of COMTEX' content offerings, each CustomWire story is enhanced by keywords and U.S. stock ticker Stock ticker A letter designation assigned to securities and mutual funds that trade on US financial exchanges. symbols to facilitate searching and data management. "Our regional CustomWires are one of the many ways we are committed to providing our customers with the specialized news and information they need from a particular region," said Sheri Robey-Lapan, COMTEX' Vice President, Marketing & Corporate Strategy. "Our topic-specific, real-time news ensures that content is delivered in context, and provides the targeted solution our distributors need for their customers. COMTEX is committed to delivering solutions to the international market with the same quality, breadth and depth as the US market has come to expect. COMTEX's outstanding reputation with both our distributors and publishers ensures we can deliver the highest caliber product to the global market." About COMTEX News Network, Inc. COMTEX News Network, Inc. (OTC BB:CMTX), a full service, business-to-business infomediary, aggregates and redistributes diverse, real-time global news and information to resellers in the Internet, Wall Street and corporate markets. COMTEX' innovative technology gathers nearly 20,000 stories a day from over 10,000 diverse, global sources to create its subject-specific, value-added headline and vertical-market news products for distribution to over 1100 information services and re-distributors throughout the world, reaching millions of end users. COMTEX' products include CustomWires(R), Newsroom Enhanced Products and News Solutions. COMTEX also offers Publisher Full-Feeds and Processing Services. Located in Alexandria, VA, COMTEX can be found on the World Wide Web at http://www.comtexnews.net. Note: All product and company names may be trademarks or registered trademarks of their respective holders. Except for the historical information contained herein, this press release contains 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. including those about COMTEX' anticipated financial performance for the 2001 fiscal year, demand for the company's products, performance of the sales force, customer retention, etc. These statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated herein, including the occurrence of unanticipated events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the fact that COMTEX is in a highly competitive industry subject to rapid technological, product and price changes. Other factors include the possibility that demand for the Company's products may not occur or continue at sufficient levels, changing global economic and competitive conditions, technological and other risks, costs and delays associated with the start-up and operation of major capital projects, changing governmental regulations and other risks and uncertainties, including those detailed in the Company's filings with the Securities and Exchange Commission. COMTEX undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. |
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