QuoteMedia to Supply Integrated Real-Time Data for Investors Worldwide.Business Editors PHOENIX & HOUSTON--(BUSINESS WIRE)--June 2, 2003 QuoteMedia, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : QMCI QMCI Quantitative Macroinvertebrate Community Index ) announced today the signing of a licensing agreement with INVESTools Inc. (OTCBB: INVS INVS Inventory Sample InVS Institute de Veille Sanitaire (France) INVS Intelligent Night Vision System ), a global leader in investor education, to supply the company's InvestorToolbox Web site with streaming market data through its proprietary Quotestream(TM) online portfolio management product. The solution enables subscribers of InvestorToolbox to monitor investments with quotes, charts, news and corporate filings all in real-time. INVESTools offers a full range of investor education products and services that combine hands-on investment education, in-depth investment research tools and quality market data that teach self-directed investors how to achieve their investment goals. The company has developed branded distribution and cooperative marketing partnerships with CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. , BusinessWeek, Philips Investment Resources and Brian Tracy International, among others. "Quotestream offers comprehensive, portfolio-centric information that up to now has only been available to investment professionals through expensive and inflexible delivery systems," said Dave Shworan, Chief Executive Officer of QuoteMedia. "Product integration is seamless and once installed, the product is virtually maintenance free, allowing clients to focus on their core business model while we take care of financial data requirements." "Quotestream enhances the value of INVESTools' investor education platform, InvestorToolbox, by giving our subscribers access to real-time market data," said Lee K. Barba, Chairman and Chief Executive Officer of INVESTools. QuoteMedia provides streaming data Data that is structured and processed in a continuous flow, such as digital audio and video. See streaming audio and streaming video. through a variety of products and services, all of which allow companies like INVESTools to gather and redistribute re·dis·trib·ute tr.v. re·dis·trib·ut·ed, re·dis·trib·ut·ing, re·dis·trib·utes To distribute again in a different way; reallocate. customized, real-time financial content at a fraction of the cost normally associated with similar financial data solutions. The company will present its Quotestream product to a mass audience through a number of affiliated online portals. About QuoteMedia, Inc. QuoteMedia, Inc. is a leading developer and distributor of streaming market data and comprehensive financial content applications to the financial industry. QuoteMedia develops and licenses a variety of information applications that deliver real-time financial data to clients worldwide, including brokerage firms, financial institutions, online portals and public companies. Website: http://www.quotemedia.com. About INVESTools, Inc. INVESTools Inc. is a global leader in investor education. The Company offers a full range of investor education products and services that provide lifelong learning Lifelong learning is the concept that "It's never too soon or too late for learning", a philosophy that has taken root in a whole host of different organisations. Lifelong learning is attitudinal; that one can and should be open to new ideas, decisions, skills or behaviors. in a variety of delivery formats, including instructor-led workshops, "at home" study programs, personal training sessions and through the Web. More than 72,000 investors around the world have graduated from INVESTools investor education programs. For more information regarding the Company's products and services, visit INVESTools' corporate Web site at http://www.investools.com. 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. |
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