ALEXANDRIA, Va., Aug.8, 2000 (PRIMEZONE) -- COMTEX News Network, Inc. (OTC BB:CMTX) announced today it has signed new agreements with leading Web companies iBoost and iSyndicate to provide real-time news to subscribers. COMTEX, a leading business-to-business infomediary, distributes real-time news from top global news sources to companies worldwide.
iBoost (www.iBoost.com), the owner and operator of a worldwide network of over 200,000 Web sites offering content, community and commerce to business and consumers, will offer affiliate members compelling and timely news through COMTEX' Newsroom Enhanced Products. COMTEX' tailored Newsroom products, updated regularly throughout the day, are hand-selected by COMTEX' team of skilled editors and provide a broad range of news story options including financial, vertical market, general and world news. In addition, COMTEX' news is uniformly formatted and enhanced with standardized keywords and U.S. stock ticker symbols to ease customer use.
iSyndicate, The Content Marketplace and leader in Web content syndication, with its diverse network of over 250,000 customer sites, will receive COMTEX' customized processing services, for 23 news providers including Business Wire, M2 Communications and UPI. COMTEX converts publishers' information into a standardized format, tagged with keywords and U.S. stock ticker symbols, designed to facilitate data management. By subscribing to COMTEX' value-added processing services, recipients benefit from COMTEX' industry standard news delivery format.
"Of the 230+ new sales contracts COMTEX has closed this fiscal year, these are only a sample of the significant alliances COMTEX has developed in its fourth quarter," said COMTEX President and CEO Charles Terry. "The revenues generated from our growing distribution network will benefit our network of publishers and enable COMTEX to continue building new products to better serve our key audiences - the Internet, Wall Street, personal investors and corporations."
"This important partnership with COMTEX allows us to add even more intelligence to our content," said Joel Maske, President and CEO of iSyndicate. "At iSyndicate, one of our strengths is maximizing the value of the content we syndicate. This partnership helps us offer our customers the highest quality Web experience available, allowing them to increase revenue, customer loyalty and length of visit."
About iBoost Technology, Inc.
Founded in Los Angeles in 1999, iBoost Technology, Inc. (iBoost.com) is a network of privately held, cutting-edge Web sites. The network's mission is to become the most comprehensive online community of free and low cost content on the net. iBoost.com is continually expanding its network of Web sites and will soon become one of the most visited, free online service networks in the world.
About iSyndicate (http://www.isyndicate.com)
iSyndicate, The Content Marketplace, is the leading provider of dynamic and relevant Web content designed to help drive commerce and build community on the Internet. Today, the company aggregates, packages, integrates and delivers a breadth of content including audio, video, animations, interactive games, comics and weather from more than 1000 trusted sources, including The Associated Press, CBS SportsLine, CNBC, CNET, Reuters, Rolling Stone and Salon.com, all in real-time. This content is made available by iSyndicate to over 250,000 customers, including Citibank, Fidelity, OmniSky, Nortel Networks, Nintendo, Wells Fargo, and Xoom.com. iSyndicate supports the ICE (Information & Content Exchange) standard based on XML among a variety of others for all of its content.
iSyndicate is based in San Francisco with offices in New York and London, and is backed by leading venture capital firms Scripps Ventures and Labrador Ventures; investment bank Chase Hambrecht & Quist; Internet leaders Infospace.com and Vignette Corporation; NBC (GE), Microsoft and News Corporation; and individual investors.
About COMTEX News Network, Inc.
COMTEX News Network, Inc. (OTC BB: CMTX) is a full service, business-to-business infomediary that aggregates and redistributes diverse, real-time global news and information for the Internet, Wall Street and corporate reseller markets. COMTEX' innovative technology gathers nearly 20,000 stories a day from over 1,400 diverse, global sources to create its subject-specific, value-added headline and vertical-market news products for distribution to over 750 companies throughout the world, reaching millions of end users. COMTEX' products include CustomWires(r), Newsroom Enhanced Products, Newsroom Direct, Publisher Full-Feeds and Processing Services. Select publishers include Africa News Service, The Associated Press, Business Wire, Bridge Information Systems, Internet Wire, Knight Ridder/Tribune, Newsbytes, ON24, South American Business Information, The Sports Network, UPI and Xinhua. 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.