SAN DIEGO and PHOENIX, May 18, 2005 (PRIMEZONE) -- QuoteMedia, Inc. (OTCBB:QMCI) announced today a partnership with SMS.ac, the world's largest community of mobile phone users, to power SMS.ac's new financial channel with detailed stock quotes and market information via Short Message Service (SMS) text messaging. This alliance allows unprecedented global coverage, with users in more than 180 countries having access to market information, stock quotes and alerts on their mobile phones.
SMS.ac (www.sms.ac) will make QuoteMedia's new SMS stock quote text messaging service available to its users worldwide. The requests for QuoteMedia stock quotes and financial data will be charged to consumers via premium SMS reverse billing. Charges will appear on users' cellular phone bill, or the charges will be automatically debited from pre-paid accounts.
"In 2004, U.S. domestic mobile messaging reached approximately 25 billion, and with the explosive growth SMS.ac is seeing with respect to the exchange of multimedia and textual communications, I am confident that the aggregate number of mobile messages sent within the U.S. will nearly double to 45 billion in 2005," said SMS.ac CEO, Michael Pousti. "Until now, we have not offered stock quotes or financial data to our members. We are pleased to launch a financial offering for our subscribers, powered by QuoteMedia, a technology leader in the development of cutting-edge financial data delivery systems."
In 2004, QuoteMedia launched Quotestream Wireless, providing streaming live market data for web-enabled wireless handheld devices. Now, the delivery of stock quotes and market information via SMS further advances QuoteMedia's strong presence in the massive mobile market, says QuoteMedia Ltd. CEO, Dave Shworan.
"We are now joining forces with SMS.ac, the world's leader in mobile data communications to take full advantage of this largely untapped market for quick, easy access to financial information delivered to cell phones," said Shworan. "Our SMS Quotes services will provide fast, convenient market information to all text-enabled cell phones, allowing anyone to access financial information from anywhere. Now, a mobile phone is all it takes to stay connected to the stock market."
FierceWireless, an internationally recognized wireless publication, yesterday named SMS.ac to its annual "Fierce 15" list. This distinction honors SMS.ac as one of the top 15 emerging wireless companies in the world for 2005. This announcement comes on the heels of IDC naming SMS.ac to its "10 Emerging Wireless Players to Watch" list, for 2005. IDC is one of the world's foremost analyst firms dealing with the information technology and telecom industries.
About SMS.ac
SMS.ac, Inc. is a mobile data communications company whose proprietary technology platform enables the interoperable exchange of mobile multimedia (MMS and SMS) and micro-transaction billing across all mobile standards, protocols and the Internet. A demonstration of the MMSbox platform is available at www.sms.ac.
With more than 30 million registered members in 180 countries, and with connectivity to more than 400 mobile operators worldwide, SMS.ac is host to the largest community of mobile phone users in the world. Through its global initiatives, SMS.ac is igniting the widespread adoption and use of wireless data. To view the SMS.ac corporate web site, visit http://corporate.sms.ac/.
About QuoteMedia, Inc.
QuoteMedia is a leading software developer and syndicator of financial market information and streaming financial data solutions to media, corporations, online brokerages and financial services companies. The Company licenses interactive stock research tools such as streaming real-time quotes, market research, news, charting, option chains, NASDAQ level 2, TSX level 2, SEC filings, corporate financials, insider reports, market indices, portfolio management systems, and data feeds. QuoteMedia provides data and services for companies such as Fiserv Securities, Inc., the OTCBB, Scotia Capital, Southwest Securities, FBRDirect, AIM Trimark, Zacks Investment Research, ChoiceTrade, QTrade, Schaeffer's Investment Research, WallStreet*E, Research In Motion (RIM), KitcoCasey and others. For more information, please visit: www.quotemedia.com.
Statements about QuoteMedia's future expectations, including future revenue, earnings, and transactions, as well as all other statements in the press release other than historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. QuoteMedia intends that such forward-looking statements be subject to the safe harbors created thereby. These statements involve risks and uncertainties that are identified from time to time in the company's SEC reports and filings, and are subject to change at any time. QuoteMedia's actual results and other corporate developments could differ materially from that which has been anticipated in such statements.