OSLO, Norway, April 11, 2000 (PRIMEZONE) -- HUGIN, one of the leading European distributors of real-time financial and corporate information, announced today that it has signed an agreement with PrimeZone Media Network, one of the largest media distributors in the US. This agreement will facilitate our European customers' direct access to the US media and investment community through an established and extensive network.
HUGIN's expanded distribution services will include PrimeZone Media's US satellite-based network, transmitting corporate news to the major financial newspapers and wire services, satisfying general disclosure requirements. In addition, the network will link companies to key news databases and online services; direct news to trade publications; and target speciality media and publications. The complete network includes simultaneous distribution to: key media (including Dow Jones, Reuters, Bloomberg, Wall Street Journal, New York Times, Associated Press, United Press International); the stock exchanges (including NYSE, Nasdaq); rating agencies (including Fitch, Moody's, Standard & Poor's); databases and online services (including Yahoo, Nexis-Lexis, CBS MarketWatch, Comtex, NewsAlert, Wall Street City, NASDAQ.com, totalling over 250 other databases and online services); and more than a thousand financial, daily and regional newspapers in the US (e.g. Washington Post, Los Angeles Times, The San Francisco Chronicle, The San Jose Mercury etc.).
Haakon Ambjørndalen, CEO of HUGIN Group, commented: "The requirement to communicate into the global market place is increasing. Companies need to communicate to all its stakeholders, both domestically and internationally. This is a common factor to established global companies and companies whose business transcends international boundaries. Through our partnership with PrimeZone Media, our customers will benefit from the extended access into the US. The HUGIN platform will enable all our customers to reach their existing stakeholders in the US, plus a wider set of audiences, through Internet based and traditional communications channels. This partnership illustrates HUGIN's strategic objective to continuously develop its service offering, independently and by partnering with established information providers, to facilitate access to the financial markets through a set of time- and cost efficient distribution tools."
Abut HUGIN
HUGIN is one of the leading European distributors of corporate and financial information. HUGIN distributes financial information through different electronic channels including Internet, email, WAP/SMS and wire services targeted at professional users. Today HUGIN provides services on behalf of more than 330 publicly listed companies in the Nordic market and in the UK, Switzerland, Germany and the Benelux.
About PrimeZone Media Network
PrimeZone Media Network is the US's most innovative national wire service specialising in the distribution of full-text news releases. Through a combination of cutting edge technology and innovative products and services, PrimeZone provides the industry's highest level of customer service and efficiency at the lowest cost. News releases are transmitted electronically via satellite and other means to the general and financial media, databases and online services. Companies can use PrimeZone to help gain disclosure, reach financial and trade media, as well as broadcast fax their news to individual audiences.