AlphaTrade Revenue More Than Doubles Previous Year's.
"We couldn't be more thrilled with the way that AlphaTrade's momentum in the marketplace is continuing," CEO Penny Perfect said. "This company has been around a number of years patiently making a name for itself - and increasingly customers are realizing we give them some of the industry's most feature-rich services at the most economical prices."
And she added, "The company achieved much in the way of technological and commercial progress in 2004 - a year that must increasingly be seen as pivotal for us. We will capitalize on momentum in '05 by augmenting our sales force, increasing our market exposure and forging continued strong alliances."
During 2004, AlphaTrade focused strongly on a twin strategy of expanding corporate alliances and adding capabilities and resources to the company's primary product, its data service package known as E-Gate. Both professional and retail sales increased as a result. Sales grew in the following regions: the United States, Russia, Ukraine, Spain, China, Hong Kong, Brazil, Venezuela and Canada. In the next few weeks the company will be announcing new applications and features that will enable it to gain an even bigger share of the international market.
"Our exposure in the international marketplace is gaining the company a more diverse and varied subscriber base," Ms. Perfect pointed out. "This will lead to an increase in advertising revenue for 2005 that will complement our growing subscription revenue. Many of our initiatives started years ago are bearing fruit now. The numbers tell the story."
About AlphaTrade: AlphaTrade provides a high-performance stock market data system (E-Gate) to professionals, investors and day traders at a cost effective price. Subscribers can rely on our data integrity, our intraday data and the ease of using the E-Gate system. To register for a FREE 7-Day trial, please go to www.alphatrade.com. AlphaTrade helps you build the perfect portfolio.
SAFE HARBOR STATEMENT: Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition and risk inherent in the operations of a company.