QuoteMedia Provides Enhanced Data for OTCBB.com.Business Editors/High-Tech Writers PHOENIX--(BUSINESS WIRE)--June 1, 2004 QuoteMedia, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :QMCI QMCI Quantitative Macroinvertebrate Community Index ) today announced that it will be the primary data provider for the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. (OTCBB) web site (www.otcbb.com). Under the agreement, QuoteMedia will supply enhanced data and information including market data from all market centers, live market statistics, detailed quotes, Level II, charting, news, and SEC filings for the high-profile website of the OTCBB. The OTCBB is home to emerging companies that file financial reports with the SEC or other regulatory authority, but don't meet the stringent listings requirements set forth by the major stock exchanges. The OTCBB is a regulated quotation service that electronically transmits real-time quote, price, and volume information in more than 3,300 domestic and foreign securities and American Depositary Receipts American Depositary Receipt (ADR) Certificates issued by a US depository bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue. (ADRs). "With the OTCBB providing access to more than 3,300 securities, and including more than 230 participating Market Makers, and its web site attracting such large numbers of daily visitors, the breadth of the market Breadth of the market In the context of general equities, percentage of stocks participating in a particular market move. Technical analysts say there was significant breadth if two-thirds of the stocks listed on an exchange move in the same direction during a trading session. data on OTCBB.com is critical, and we are proud that they have chosen QuoteMedia," says 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. "Through partnering with QuoteMedia, we are pleased to now provide our issuers, investors, and market participants with an enhanced depth of timely market information on the OTCBB website," says Karen Peterson, Vice President, NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Transaction Services. The OTCBB is continuing dramatic growth. In March, total share volume for the OTCBB was 39,758,974,205, total dollar volume reached $5,798,408,802, and total transactions numbered 1,497,564. Those numbers increased 208.95%, 202.05% and 266.17%, respectively, over the same period last year. About QuoteMedia, Inc. QuoteMedia, Inc. is a leading developer and distributor of streaming market data to the financial industry. QuoteMedia develops and licenses a variety of data and information applications that deliver real-time and delayed financial data to clients worldwide, including brokerage firms, financial institutions, online portals and public companies. QuoteMedia's clients and partners include Schaeffer's Investment Research, JB Oxford, Bidwell & Company, 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 , QTrade, AIM Trimark, InvesTools, WallStreet*E, Investor Guide, Investors Hub, SciVantage, Silicon Investor, ShareHolder.com, CoreData, 10K Wizard, StockCross and others. For more information, please visit: www.quotemedia.com. About the OTCBB The OTC Bulletin Board (OTCBB) is a regulated quotation service that displays real-time quotes, last-sale prices, and volume information in over-the-counter (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). ) equity securities. An OTC equity security generally is any equity that is not listed or traded on NASDAQ or a national securities exchange. OTCBB securities include national, regional, and foreign equity issues, warrants, units, ADRs, and Direct Participation Programs (DPPs). 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" 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 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. |
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