FinancialWeb Extends Global Reach Into Canada.Business & Multimedia Editors NEW YORK--(BUSINESS WIRE)--May 23, 2000 FinancialWeb Expands its Rapidly Growing B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business Clients With Division of Digital Gem FinancialWeb.com, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : FWEB), a leading B2B provider of global financial tools and information available in multiple languages, today announced that the Company will provide US & Canadian financial content to eNorthern, a leading financial information portal and trading site in Canada. eNorthern is a division of Northern Securities, a wholly owned division of Digital Gem Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : GEM), a diversified e-commerce solutions company based in Toronto. FinancialWeb will provide eNorthern's platform with its proprietary stock tools and company research reports. FinancialWeb offers its proprietary and syndicated content to global and pan-regional portals, and content redistributors, on a reoccurring subscription basis. FinancialWeb's clients include leading portals and service bureaus such as Starmedia Network's (Nasdaq: STRM STRM Stream (US Postal service standard street suffix) STRM Starmedia Network, Inc. (stock symbol) STRM System Trouble Report Menu STRM Streamer ) Latin American portal Periscopio, and Automated Financial Systems, a leading online service bureau and content redistributor. "We chose FinancialWeb because eNorthern's site is dedicated to bringing the best of what the online world has to offer the online investor. We did a comparison with other financial information providers and no one could offer us the complete package of U.S. and Canadian data in simple to use and easy to understand content and graphics," stated Gene Lewis, Vice President of Marketing and Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most of Digital Gem Corporation. "Further, FinancialWeb's technology group has been extremely cooperative and responsive to our unique development requirements." "We are excited FinancialWeb's financial content was chosen by eNorthern as a value proposition to their customers," stated Kevin Leininger, 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 FinancialWeb. "This most recent addition to our extensive B2B client base, and our first B2B partnership in the Canadian market, reinforces our position as a leading content provider in the rapidly expanding global financial marketplace." About eNorthern eNorthern.com is the first financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Web site to be launched by Digital Gem, a Toronto-based financial services company that provides low cost, high quality e-commerce products to individuals and to small and medium- sized Canadian businesses. The Corporation is being developed on and for the Internet, and will use powerful technology to simplify and streamline investment decisions. Northern Securities Inc., a wholly-owned subsidiary of Digital Gem, is focused on providing high quality services to small market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. companies. About FinancialWeb Founded in 1997, FinancialWeb.com, Inc. is a leading aggregator, developer and distributor of e-financial content serving global markets in multiple languages. The Company is expanding its global presence by leveraging strategic partnerships with leading vertical portals in foreign markets, most recently StarMedia Network in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . The Company provides its comprehensive, multi-lingual financial information, tools, data, news and analysis to businesses and is well positioned to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the tremendous growth and demand for content in the global e-financial marketplace. This press release contains forward-looking statements covered 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. Such forward looking statements, including terminology such as "The Company is expanding its global presence by leveraging strategic partnerships with leading vertical portals in foreign markets," and "is well positioned to capitalize on the tremendous growth and demand of the global e-financial marketplace," are subject to risks and uncertainties, including, but not limited to, the impact of competitive products, product demand and market acceptance, new product development, reliance on key strategic alliances, fluctuations in operating results, as well as other risks, detailed in the Company's filings with the U.S. Securities and Exchange Commission. |
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