VANCOUVER, British Columbia and FRANKFURT, Germany, Nov. 1, 2001 (PRIMEZONE) -- AlphaTrade.com (OTCBB:EBNK) (FSE:TDR WKN 920952), the world's first streaming, multi-lingual market data provider, is announcing they have increased the total number of E-Gate subscribers in the month of October by 57%. AlphaTrade would especially like to thank the state of Texas for bringing us the most new subscribers during October.
In addition, due to the strong interest in Germany for our services, AlphaTrade will commence streaming, real-time German market data effective December 1, 2001. Much of the interest for our services has been generated by one of our affiliate sites, www.wallstreet-online.de, and our own Website, www.alphatrade-europe.de.
"We believe the market for reasonably priced, streaming, real-time stock market data is untapped both in Europe and North America. In fact, since Nasdaq lowered the cost of the Level II market data, the U.S. stock markets have been tumultuous and the interest in Level II has not achieved the levels expected. AlphaTrade has one of the best Level II screens available and all users are able to access up to six Level II screens at the same time. Level II is our signature product, and no investor should be without this tool," said Penny Perfect, President of AlphaTrade.
New Affiliate Business: AlphaTrade also customizes all of the stock tools for corporate Websites and 14 new customers have been finalized in the month of October. All of these new customers have Websites that will display our streaming stock tools and will provide access to our stock-quote service to those who visit their site and to their current subscribers.
About AlphaTrade.com: AlphaTrade is an online provider of streaming stock information with applications designed for use by both professionals and novice investors and traders. Aptly named, E-Gate is a multilingual electronic gateway to an Internet-based stock quote system that includes quotes, news, intraday and historical charts, most active, and more. E-Gate is state of the art and designed to provide investors access to real-time financial information at less cost and greater convenience than any other product on the market today. Subscribers do not need to purchase, lease or download any software. All of the financial applications are available via the Internet for a low monthly subscription price. Visit us online at www.alphatrade.com or www.alphatrade-europe.de.
SAFE HARBOR STATEMENT: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation 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 risks inherent in the operations of a company.