Press Release
ALEXANDRIA, Va., May 16, 2000 - COMTEX News Network, Inc., (OTC
BB: CMTX) announced today it will offer intra-day
financial commentary and analysis from Briefing.com, a leading
Internet provider of live market analysis on the US stock
and US fixed income markets. COMTEX adds Briefing.com's
intra-day commentary and analysis on breaking news and
events to its product offerings for delivery to its 650+
customers. Briefing.com's experienced staff analyzes events
affecting the markets, and provides insight on the possible
implications for trading. Upgrades/downgrades, earnings reports,
economic releases, technical trading points, market sectors, and
technology stocks are reported from an analytical standpoint.
Briefing.com analysts are experienced Wall Street professionals
and are regular sources for major financial media, including
CNNfn, CNBC, The NewsHour with Jim Lehrer, Business Week,
the Los Angeles Times, and Forbes.
"Partnering with Briefing.com gives us the opportunity to
provide our clients with superior financial commentary from well
known Wall Street analysts," said Charles Terry, COMTEX News
Network President and CEO. "Hundreds of professional and
personal investing web sites receive news from COMTEX and now
they'll be able to offer their end-users even more comprehensive
financial content through COMTEX' exceptional network of
publishers." "Teaming with COMTEX is a great opportunity
for Briefing.com to reach millions of new end-users through
their vast network of information distributors," said David
Beasley, VP sales and marketing for Briefing.com. "Tapping into
COMTEX' distribution channels is the most cost-effective and
efficient way for our content to reach critical financial
audiences."
# # #
Briefing.com is an employee-owned company headquartered in
Chicago, with offices in Boston and the San Francisco Bay Area.
Rated a “top site” eight consecutive years by Barron’s and three
consecutive years by Forbes.com, Briefing.com is the leading
provider of quality, live market analysis via the Internet. COMTEX News
Network, Inc. (OTC BB: CMTX) is a dynamic business-to-business
infomediary that aggregates and redistributes diverse real-time
global news and information for the Internet, Wall Street and
corporate reseller markets. Each day, COMTEX sorts thousands of
stories from over 1,400 global sources, selected from services
such as The Associated Press, Knight-Ridder, Canada NewsWire,
ITAR/TASS, M2 Communications, ON24, UPI and Xinhua, to create
its subject-specific CustomWires®, headline and
vertical-market news products for distribution to over 600
companies throughout the world. Located in Alexandria, VA,
COMTEX can be found on the World Wide Web at:
http://www.comtexnews.net. Note: All
product and company names may be trademarks or registered
trademarks of their respective holders.
Except for the historical information contained herein, this
press release contains forward-looking statements that involve
risks and uncertainties that could cause actual results to
differ materially from those contemplated herein, including the
occurrence of unanticipated events or circumstances relating to
the fact that COMTEX is in a highly competitive industry subject
to rapid technological, product and price changes. Other factors
include the possibility that demand for the company's products
may not occur or continue at sufficient levels, changing global
economic and competitive conditions, technological and other
risks, costs and delays associated with the start-up and
operation of major capital projects, changing governmental
regulations and other risks and uncertainties, including those
detailed in the company's filings with the Securities and
Exchange Commission. COMTEX undertakes no obligation to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
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