NEW YORK, Sept. 24, 2003 (PRIMEZONE) -- Stockgroup Information Systems Inc. (OTCBB:SWEB) (TSX Venture Exchange:SWB), a leading financial media and technology company, and The Associated Press, the world's oldest and largest newsgathering organization, announced today that they have signed a licensing agreement with the St. Petersburg (Fla.) Times.
As a result of the agreement, the Times will license a suite of news, market data and financial applications powered by Stockgroup's Financial Content Software System. The Times will offer its readers access to these turnkey solutions, which display interactive stock quotes, charts, portfolios, technical analysis, watch lists and more.
Marcus New, CEO of Stockgroup, said, "Our relationship with The Associated Press has progressed rapidly. Typically our sales cycle is six months and we are beginning to see the momentum build since the launch of our products in June this year at Nexpo. We believe we can help industry-leading newspapers like the St. Petersburg Times increase revenues and build web traffic. Our solution helps retain customers by delivering scalable, critical financial information that users demand. Our objective continues to be providing our customers with the highest quality products and services at a fraction of the cost of building them from scratch."
Developed and configured by Stockgroup, the financial tools complement AP's existing financial content and offer robust functionality for users. AP Financial Tools enable newspaper Web sites to offer a sophisticated presentation of financial and market information. The turnkey solution displays financial data including quotes, charts, personal portfolios and watch lists in a format that retains the look and feel of the newspaper Web site. AP Financial Tools will encourage users to spend more time on the site and to make repeat visits to monitor stock quotes and portfolios. AP Financial Tools are available as hosted products or via XML and include standard advertising formats to facilitate the acquisition of local section sponsors and advertisers. To view a product demo, visit: http://ap.stockgroup.com/.
ABOUT THE ASSOCIATED PRESS:
The Associated Press, founded in 1848, is the world's oldest and largest newsgathering organization, providing news content in text, audio, video, graphics and photos to more than 15,000 news outlets with a daily reach of more than 1 billion people worldwide. AP's multimedia services are distributed by satellite and the Internet to more than 120 nations. For more information about AP Digital, visit www.apdigitalnews.com. For more information about The Associated Press, please visit www.ap.org.
ABOUT STOCKGROUP:
Stockgroup Information Systems Inc. is a financial media and technology company. It is a leading provider of private labeled financial content and software solutions to media, corporate and financial services companies. Stockgroup employs proprietary technologies which enable its clients to provide financial data streams and news combined with cutting-edge fundamental, technical, productivity and disclosure tools to their customers, shareholders and employees at a fraction of the cost of traditional internal methods. Stockgroup is also a provider of Public Company Disclosure and Awareness Products for publicly traded companies. Its financial Web sites, including www.stockhouse.com, www.stockhouse.ca and www.smallcapcenter.com, are state-of-the-art online research centers for the investment community. To find out more about Stockgroup (OTCBB:SWEB) (TSX Venture Exchange:SWB), visit our website at www.stockgroup.com
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions "may," "could," or "might" occur.
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