QuoteMedia to Deliver Wireless Streaming Quotes and Online Trading Application to BlackBerry.

Business Editors/High-Tech Writers

PHOENIX--(BUSINESS WIRE)--May 18, 2004

QuoteMedia, Inc. (OTCBB: QMCI), a leading developer of real-time, streaming financial applications, announced today the development and release of a comprehensive application that will provide streaming market data and on-line trading capabilities for the BlackBerry(R) wireless platform from Research In Motion (RIM) (NASDAQ:RIMM; TSX: RIM).

Quotestream Wireless(TM), a powerful mobile companion to QuoteMedia's streaming financial data application, Quotestream(TM), is being developed to deliver integrated wireless trading capabilities and a rich suite of market data applications to BlackBerry Wireless Handhelds(TM). These features include dynamic portfolios, detailed quotes, fundamentals, NASDAQ Level II quotes, intraday and historical charts, company news, time and sales data, market indices, option chains, market commentaries, market movers, price and volume alerts, symbol and company lookups, tick trend indicators and more.

Quotestream Wireless is designed to be a truly portable wireless application that provides secure, wireless market access and trading capabilities. This solution will cater to every level of end user, ranging from the small investor to the professional advisor, manager or broker.

"With Quotestream and BlackBerry, investors have wireless access to important market data applications that enable them the freedom to retrieve stock market information and the capability to execute a trade whether at the office or on the road," said Mark Guibert, Vice President, Corporate Marketing at Research In Motion. "Quotestream caters not only to individual investors, but can also increase productivity and enhance client service for financial professionals on the go."

With the financial services sector being identified as one of the largest vertical market opportunities in the wireless industry, Quotestream Wireless sets the new standard for wireless financial applications. It is designed both for consumer markets and for enterprise corporate solutions and it can be completely private-branded for banks, clearing firms and brokerage firms wishing to offer wireless streaming market data and wireless trade execution to their employees and their clients.

The consumer version of Quotestream Wireless contains integrated links to the wireless trading interfaces of a number of top-ranked brokerage firms, including; Ameritrade (NASDAQ: AMTD), Charles Schwab (NYSE: SCH), E*Trade (NASDAQ: TBFCP), Fidelity, HarrisDirect, ScotiaBank (NYSE/TSE: BNS), SiebertNet (NASDAQ: SIEB) and TD Waterhouse (NYSE/TSE: TD); and QuoteMedia will continue to add integration to other brokerage firms as they enter the wireless realm.

Some of the unique features of Quotestream Wireless include: a powerful web-based, desktop companion product, instant over the air "OTA" installation and software updates, NASDAQ Level II quotes with time and sales data, delayed and up-to-date data provisions, option chains, tick trend indicators, audio and vibration alerts, market indices, simple to use menu-driven navigation, full integration to existing brokerage back-office and/or clearing systems, compact application size, and low-bandwidth operation.

"RIM has a history of developing ground-breaking wireless solutions, with BlackBerry being the leading wireless enterprise solution in the world and we are delighted to integrate our new wireless product with BlackBerry," said Dave Shworan, CEO at QuoteMedia. "Through this integration, Quotestream Wireless will offer the best wireless financial data and trading application on the market."

"The market doesn't pause when you leave your office, and neither should your handheld. The ability to execute a trade from the golf course or the back of a taxi gives the Quotestream Wireless client that key advantage investors are after," said Shworan. "It's quite a secure feeling to carry the market around on your hip."

Quotestream Wireless is currently being developed for Java-based BlackBerry Wireless Handhelds(TM), which offer data and voice services from a single integrated, wireless handheld.

About Research In Motion

Research In Motion is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software and services that support multiple wireless network standards, RIM provides platforms and solutions for seamless access to time-sensitive information including email, phone, SMS messaging, Internet and intranet-based applications. RIM technology also enables a broad array of third party developers and manufacturers to enhance their products and services with wireless connectivity to data. RIM's portfolio of award-winning products, services and embedded technologies are used by thousands of organizations around the world and include the BlackBerry(R) wireless platform, the RIM Wireless Handheld(TM) product line, software development tools, radio-modems and software/hardware licensing agreements. Founded in 1984 and based in Waterloo, Ontario, RIM operates offices in North America, Europe and Asia Pacific. RIM is listed on the Nasdaq Stock Market (Nasdaq: RIMM) and the Toronto Stock Exchange (TSX: RIM). For more information, visit www.rim.com or www.blackberry.com.

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 include SciVantage, JB Oxford, Bidwell & Company, QTrade, Aim, InvesTools, Shareholder.com, Schaeffer's Investment Research, WallStreet*E and others. For more information, please visit: www.quotemedia.com.

The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited.