Direct Access Leader TradeFreedom Provides Clients with QuoteMedia Data Solutions.Business Editors PHOENIX--(BUSINESS WIRE)--June 18, 2003 QuoteMedia, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : QMCI QMCI Quantitative Macroinvertebrate Community Index ) announced this week an agreement to supply market data to the client base of leading direct access broker TradeFreedom Securities, Inc. TradeFreedom will purchase several market data applications from QuoteMedia for integration with the brokerage's sophisticated trading platform, Trade Freedom Navigator See Netscape Navigator, Netscape and Norton Navigator. Navigator - Netscape Navigator (TM), offering the company's client base of active traders and investors an unsurpassed level of technology for comprehensive data provision and instant market access. QuoteMedia 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. Dave Shworan says the agreement constitutes a valued endorsement from a highly respected and knowledgeable firm. TradeFreedom will pay subscription costs to deploy user-editable applications, streaming quotes, interactive java-based charting, quote modules, news feeds, SEC filings, Historical Data, and other QuoteMedia services, as added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
"I know that TradeFreedom shopped very carefully to acquire the best possible financial data solutions for their clients, and we're pleased they chose QuoteMedia," says Shworan. "When a company as well-informed and technologically progressive as TradeFreedom chooses our services, it tells us we're really on track." TradeFreedom co-founder, Jay Ferst says his firm's decision to include QuoteMedia applications in its cutting edge direct access trading Direct access trading is a technology which allows stock traders to trade directly with market makers or specialists, rather than trading through stock brokers.[1] platform made the best sense from the end-user's perspective. "We will be offering our clients QuoteMedia data services as an addition to our Trade Freedom Navigator platform, through which clients can trade directly to the U.S. and Canadian markets," says Ferst. "More and more traders and investors are realizing that the current solutions offered by their online brokers are not sufficient in these volatile market times. As we offer far more advanced solutions, at more competitive rates, we see the products provided by QuoteMedia as being instrumental in bridging the gap between online traders looking to migrate to a direct access trading service." Ferst says QuoteMedia simply offered the best service at the most aggressive price. "In addition, their service has been excellent, so it made our decision simple," he says. "We have been impressed by QuoteMedia's ability to completely customize the applications and get them up and running very quickly." Shworan says the provision of accurate and timely market data has become an essential requirement for financial industry professionals who want to attract and retain an increasingly educated and information-hungry client base. That reality is reflected in recent QuoteMedia deals signed with companies such as Bidwell & Company, J.B. Oxford & Company, Qtrade Investor, Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings and many others. "We are extremely well positioned in an ever-growing market for our services," he says. "Our business model, our aggressive pricing, our commitment to customer service, and especially our innovative products, are bringing us into more and more working relationships with exciting companies like TradeFreedom." About QuoteMedia, Inc. QuoteMedia, Inc. (www.quotemedia.com) offers a wide range of financial information services See Information Systems. and market data applications to brokerages, financial institutions, online portals, and public companies. Services include real-time financial data, interactive charting, streaming news and stock quotes, historical market data and SEC Filings, as well as its dynamic wealth management software, Quotestream(TM). About TradeFreedom Securities, Inc. TradeFreedom Securities, Inc. (www.tradefreedom.com) is Canada's leading Direct Access Broker. A Canadian pioneer, TradeFreedom provides active traders, investors and institutions direct access trading services and execution for U.S. and Canadian equities and options from a single Universal Trading Account Trading Account 1. An account similar to a traditional bank account, holding cash and securities, and is administered by an investment dealer. 2. An account held at a financial institution and administered by an investment dealer that the account holder uses to employ a . Through the company's TradeFreedom Navigator platform, clients can access real-time account and market information, use a smart automatic routing function, and execute an extensive number of order types. TradeFreedom Securities Inc. is a member of the Investment Dealers Association and the Canadian Investor Protection Fund The Canadian Investor Protection Fund (CIPF) is a not-for-profit corporation created by the Canadian investment industry to protect investor assets in the event of a CIPF member's bankruptcy. . Statements about QuoteMedia's future expectations, including future revenue, earnings, and transactions, as well as all other statements in the press release other than historical facts are "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. " within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. QuoteMedia intends that such forward-looking statements be subject to the safe harbors Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created thereby. These statements involve risks and uncertainties that are identified from time to time in the company's SEC reports and filings, and are subject to change at any time. QuoteMedia's actual results and other corporate developments could differ materially from that which has been anticipated in such statements. QuoteMedia, Inc. www.quotemedia.com Product Demonstration and Sales Toll-Free: 877/311-9911 info@quotemedia.com Investor Relations Investor relations The process by which the corporation communicates with its investors. Dave Shworan, CEO QuoteMedia Inc. 877/311-9911 ext. 101 dave@quotemedia.com TradeFreedom Securities, Inc. www.tradefreedom.com Jay Ferst, Co-Founder, 514-344-5180 jferst@tradefreedom.com |
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