Money.net Partners with Telescan to Redistribute Streaming, Real-Time Portfolio Tracker; Leading Application Generates Unprecidented Usage Patterns.Business Editors
NEW YORK--(BUSINESS WIRE)--Nov. 16, 2000
Money.net (http://www.money.net), the company that introduced to the market the first real-time stock portfolio tracker available for free on the Internet, today announced the signing of an agreement with Telescan, Inc. (Nasdaq/NM:TSCN), the leading provider of financial tools and analytics on the Internet, to redistribute Money.net's streaming, real-time portfolio tracker, the Screamer screamer, common name for gregarious, aquatic birds comprising three species in the family Anhimidae. Although they are related to the ducks and geese, they do not resemble them in outward appearance. II, to Telescan's third-party customers as a value-added analysis product.
Money.net's Screamer II has unparalled usage patterns - as high as 240 minutes per user session. The Java(TM)-based streaming real-time portfolio tracker allows users to monitor and chart up to 105 Nasdaq and NYSE NYSE
See: New York Stock Exchange traded securities in seven dynamically updated portfolio lists. Each portfolio list can be customized to provide over a dozen indicators from 25 fields of data, including percent change, bid, ask, gain/loss, earnings per share, P/E ratio and dividends. In addition, users can stay informed of breaking headlines through scrolling news within the portfolio.
"Our real-time portfolio is the best on the market and we're excited that Telescan agrees," said Harold Van Arnem, chief executive officer of Money.net. "The demand for real-time information in this economy is huge, and Money.net has the ability to provide the finest in real-time financial products. Partnering with companies like Telescan is a key factor in helping Money.net evolve into a leading real-time financial application service provider."
"Our commitment to our partners is to provide them with the best analytics available on the market. We chose Money.net because they have the most advanced product. Streaming real-time data is the next logical evolution in portfolio tracking. By combining streaming, real-time data analysis with personalization, investors have an added level of flexibility in managing their assets.," said Lee Barba, chief executive officer of Telescan.
Money.net was a pioneer in the streaming real-time quote market. The company was the first to offer the real-time tracker to its users on their full service personal finance super-site and now functions as an application service provider (ASP), licensing its streaming real-time products to other web-based businesses. The streaming products have unparalleled usage patterns: as high as 240 minutes per user session. Money.net offers original content, the best financial information and tools allowing investors to make smarter investment decisions and has strategic marketing agreements with TD Waterhouse (NYSE: TWE TWE Test of Written English
TWE ThinkWave Educator (teacher productivity application)
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TWE Triangle Wind Ensemble ), InsWeb (NASDAQ: INSW INSW Insert String Word ), DirectAdvice, Creditland, Paytrust.com, Webhelp.com and Yodlee.com. The site has been written about in USAToday.com, Money Magazine, The Wall Street Journal Interactive, The Christian Science Monitor, The Christian Science Monitor, The
Daily newspaper of national and international news and features, published Monday through Friday in Boston under the auspices of the Church of Christ, Scientist (see Christian Science). New Yorker, Online Investor magazine, Information Week, Barrons, Media Week, Ad Age, PC World and PC Week.
Headquartered in New York City New York City: see New York, city.
New York City
City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , Money.net is privately held. For more information visit www.money.net.
About Telescan, Inc.
Houston-based Telescan (http://www.telescan.com) is an industry leader in providing Internet services to the financial industry and proprietary analytics and content to individual investors. Telescan's Consumer Division, based in Menlo Park, California Menlo Park is a city in San Mateo County, California in the United States of America. It is located at latitude 37°29' North, longitude 122°9' East. Menlo Park had 30,785 inhabitants as of the 2000 U.S. Census. , manages a collection of Web sites, including INVESTools.com and WallStreetCity.com, with the common goal of simplifying and enriching the investing consumer's financial life. The group manages more than 1.2 million active users and more than 50,000 paying subscribers. Revenue is generated through both advertising and subscription sales. Telescan also provides Internet services via private-label and co-branded versions of its proprietary Internet technology to many of the nation's leading financial services and media companies, including America Online, American Express, CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence)
CNBC Consumer News and Business Channel
CNBC Congress of National Black Churches, Inc. .com, Fidelity Investments, Forbes, GlobalNetFinancial, Quick & Reilly and Time Inc. New Media (Fortune).
Telescan recently announced the signing of a definitive merger agreement with GlobalNetFinancial.com Inc. (NASDAQ: GLBN) (LSE LSE - Language Sensitive Editor : GLFA) to form a vertically integrated, world class, global 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 and B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. money and Internet company.
"Safe Harbor" statement under 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: Except for historical information, the matters discussed in this news release that may be considered forward-looking statements could be subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected. These include uncertainties in the market, competition, legal, success of marketing efforts and other risks detailed from time to time in the company's SEC reports. The company assumes no obligation to update the information in this release.