Terra Nova Licenses Comfidex's Patented FormFiler Technology.Business Editors/High-Tech Writers NEW YORK--(BUSINESS WIRE)--March 13, 2003 Comfidex Corp. announced today that it has entered into a patent license agreement with Terra Nova Trading, L.L.C., a Chicago-based online brokerage firm noted for their use of innovative technologies to enhance their customers' trading experience. Terra Nova obtained a license under U.S. Patent 6,189,009, covering Comfidex's FormFiler(R) technology. This technology provides a secure means for online businesses to reduce the cost of creating and processing Internet-based forms. Comfidex's patented process permits companies to rendezvous Internet-submitted, computer-readable data with original source documents, thus eliminating the costs associated with manual data entry. This helps companies like Terra Nova accelerate their e-business strategies while not requiring their end users to purchase or have any special hardware, software, or technical savvy. "Our technology has a very short payback period Payback Period The length of time required to recover the cost of an investment. Calculated as: , and we are truly delighted to assist Terra Nova in taking full advantage of the savings that FormFiler technology makes possible," said Bill Stratigos, president of Comfidex. The licensing comes on the heels of Barron's Magazine's 2003 broker ratings, in which Terra Nova was ranked #1 for reports and customer access. "As part of an ongoing commitment to make it as easy and convenient as possible for customers to conduct business with us using the Internet, Terra Nova employs a wide range of state-of-the-art technologies. Through its relationship with Comfidex, Terra Nova provides its clients with a simple, secure, and effective means of filling out, signing, and submitting forms from any Internet-connected PC," said Chris Doubek, 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 Terra Nova Trading, L.L.C. About Comfidex Corp. Comfidex is a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of City-based firm that develops innovative solutions for the e-business community. The Comfidex business model favors products like FormFiler, whose underlying core technologies are protected by issued patents. This model permits Comfidex to maintain stable pricing while providing its customers with safe technologies in which to invest. For more information about the company and its solutions, visit our website at www.comfidex.com. About Terra Nova Trading, L.L.C. Terra Nova Trading, L.L.C.(R) is a broker dealer and a leading Direct-Access broker Direct-Access Broker A stockbroker that concentrates on speed and order execution - unlike a full-service broker that focuses on research and advice. Direct-access brokers usually use complicated computer software that allows clients to trade directly with an exchange or with other . Their online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. services are geared toward traders and active investors. The firm recently received Barron's Magazine's #1 ranking in trade executions, in a ranking of online brokers. Founded in 1994, Terra Nova is headquartered in state-of-the-art facilities in Chicago. All securities and futures are offered through Terra Nova Trading, L.L.C., member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). , NFA NFA - Finite State Machine , SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. & PCX (1) A bitmapped graphics file format that handles monochrome, 2-bit, 4-bit, 8-bit and 24-bit color and uses RLE to achieve compression ratios of approximately 1.1:1 to 1.5:1. Images with large blocks of solid colors compress best under the RLE method. See PC Paintbrush. . For more information, visit the Terra Nova Website at www.terranovatrading.com. FormFiler and Comfidex are registered trademarks of Comfidex Corp. FormFiler is powered by Comfidex technology - U.S. Patent No. 6,189,009 and patents pending. All other brands and products referenced herein are acknowledged to be trademarks or registered trademarks of their respective holders. |
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