DOCUPRO INC. ANNOUNCES GovPX WIRELESS DISTRIBUTION DEAL FOR U.S. TREASURY PRICES ON FX/ALERT.NEW YORK--(BUSINESS WIRE)--June 20, 1995--DocuPro, Inc., a privately-held, Bethesda, MD-based company and a leading provider of financial quotes and news to the professional markets, today announced that it will be offering GovPX treasury prices on DocuPro's F/X F/X Effects Alert portable monitor service. DocuPro's F/X Alert supplies the widest range of real-time financial information available on a paging frequency. In addition to its ability to display real-time prices on 150 financial instruments, including foreign exchange currencies, metals and other commodities futures contracts, GovPX's when-issued U.S. treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. prices are now available to all customers presently on-line. GovPX, a consortium of thirty eight primary dealers, captures approximately 70% of the daily utrading activity as traded through 5 inter-dealer brokers. GovPX provides non-exclusive, real- time distribution of U.S. treasury securities U.S. Treasury securities Interest-bearing obligations if the U.S. government issued by the U.S. Department of the Treasury as a means of borrowing money to meet government expenditures not covered by tax revenues. quotations, trade prices and related size and security-specific volume information across the yield curve. Beginning July 24, 1995 GovPX will be offered as an optional service to all F/X Alert customers. Peter Kibler, President of DocuPro, Inc., stated, "This new relationship with GovPX is a significant upgrade for DocuPro and a superior service, we feel, for our clients to be able to access. This service will become available July 24, 1995, in conjunction with our previously announced Reuters news and quotes. In our efforts to continually supply the most timely, up-to-date information for all of our customers and those primarily interested in U.S. treasuries, GovPX is a highly impressive service which we are honored to offer." Peter Carney, 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 GovPX stated, "We are most pleased to welcome DocuPro as a distributor of GovPX. The inclusion of such reputable, nationwide coverage further enhances the GovPX reputation as the Benchmark for Treasuries." DocuPro, Inc. is the leader in wireless information services See Information Systems. , providing 24-hour coverage of real-time financial quotes and news. The Company's advanced, pocket-sized financial monitoring service The general surveillance of known air traffic movements by reference to a radar scope presentation or other means, for the purpose of passing advisory information concerning conflicting traffic or providing navigational assistance. , F/X Alert, covers global markets 24 hours a day, over wireless networks to miniature computing devices and alpha pagers of fixed-income traders, as well as brokers, money managers and investors. This battery-powered pager keeps traders abreast of time-critical global foreign exchanges, provides current GovPX U.S. Treasuries prices, and international fixed income and derivatives market The derivatives markets are the financial markets for derivatives. The market can be divided into two, that for exchange traded derivatives and that for over-the-counter derivatives. movements 24 hours a day. Foreign exchange coverage is carefully balanced with that of futures and cash commodities, money markets and international bonds and indices. News headlines may also be monitored, using the unit's 80-character, wide-screen display. F/X Alert is available throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada, Alaska, Hawaii, Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. and the U.S. Virgin Islands. CONTACT: Edward J. Spear, V.P. DOCUPRO, INC. (212) 797-9484 or GOVPX CONTACT: Peter Carney, President GOVPX, INC. (212) 693-1200 or MEDIA CONTACT: Jennifer Hendrickson, Sr. AE Barbara Yu, Media Director Mona J. Walsh, V.P. WOLFE AXELROD ASSOCIATES (212) 370-4500 |
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