Comtex Announces New Agreement With Standard & Poor's; Will Provide Real-Time Financial News to Millions of Institutional Investors.Business Editors/Hi-Tech Writers ALEXANDRIA, Va.--(BUSINESS WIRE)--March 15, 2000 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 ) today announced a new agreement with Standard & Poor's to deliver its Business and Finance CustomWires(R) to Standard & Poor's ComStock on the Net, Xpresso, Open Arc, My ComStock, and other third party products. Institutional investors who use Standard & Poor's products will receive COMTEX' Business CustomWire, an excellent resource for real-time news about public and private companies worldwide. The addition of COMTEX' Finance CustomWire will enhance Standard & Poor's products with real-time news that affects world markets including opening/closing volumes and trading activity from COMEX COMEX A division of the New York Mercantile Exchange (NYMEX). Formerly known as the Commodity Exchange, COMEX is the leading US market for metals futures and options trading. COMEX See New York Mercantile Exchange (NYM). , NYCE See New York Cotton Exchange. NYCE See New York Cotton Exchange (NYCE). , CS&CE, CBT (Computer-Based Training) Using the computer for training and instruction. CBT programs are called "courseware" and provide interactive training sessions for all disciplines. , CME CME See: Chicago Mercantile Exchange CME See Chicago Mercantile Exchange (CME). , KCBT KCBT See: Kansas City Board of Trade , NYSE NYSE See: New York Stock Exchange , AMEX AMEX See: American Stock Exchange , Nasdaq and OTC. "Our agreement with Standard & Poor's is important - news via COMTEX will reach millions of institutional investors through S&P's vast network of subscribers," said Charles Terry, COMTEX News Network 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. . "Institutional investors increasingly determine the nature and direction of many financial markets in the U.S. and around the world. COMTEX' news is well suited to this audience, and our visibility to this sector, in association with Standard & Poor's, will carry commensurate benefits to our growth efforts." "Our customers rely on us for breaking business and financial news and by delivering COMTEX information we significantly expand the news we are able to offer," said Paul Zinone, General Manager of ComStock, North America. "We build world class, innovative products, which is why it's critical to align with firms like COMTEX to maintain that level of quality and service." Standard & Poor's, a division of The McGraw-Hill Companies, provides independent financial information, analytical services, advice, and credit ratings to the world's financial markets. With more than 4,000 employees located in 21 countries, Standard & Poor's is an integral part of the global financial infrastructure. Standard & Poor's ComStock is a premier real-time market data provider, delivering information from more than 140 sources and exchanges worldwide for over 35 years. Standard & Poor's ComStock's extensive data coverage includes equities, options, futures, fixed-income, foreign exchange, analysis and news. COMTEX News Network, Inc. (OTC BB: CMTX) is a dynamic 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. that aggregates and redistributes diverse real-time global news and information for the Internet, Wall Street and corporate reseller markets. Each day, COMTEX sorts thousands of stories from over 1,400 global sources, selected from services such as The Associated Press, Business Wire, Phillips, The Sports Network and South American Business Information, to create its subject-specific CustomWires(R), headline and vertical-market news products for distribution to over 600 companies throughout the world. 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 that involve risks and uncertainties that could cause actual results to differ materially from those contemplated herein, including the occurrence of unanticipated events or circumstances relating to 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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