VANCOUVER, British Columbia, June 4, 2003 (PRIMEZONE) -- Stockgroup Information Systems Inc. (OTCBB:SWEB) (TSX Venture Exchange:SWB), a financial media and technology company, is pleased to announce the addition of new tools for its members on its recently acquired Stockhouse web sites. Over four hundred thousand members have come to rely on Stockhouse as their number one source of information about stock trading.
Marcus New, CEO of Stockgroup, said, "This is the first of the major improvements that we have planned for the Stockhouse web sites. We are committed to keeping all of the features that have made Stockhouse one of North America's favorite investment research sources. At the same time, we will incorporate the resources of Stockgoup's proprietary technology and content platform to continually add to and upgrade the Stockhouse sites and to ensure that they maintain their leadership position in financial content and research."
Over 700,000 visitors each month in the United States and Canada rely on Stockhouse for information they need to make informed investment decisions. They will now be able to take advantage of new features, including Options Chains data and in-depth Technical Analysis Reports on over 20,000 North American equities in its Company SnapShot.
Stockscores(tm) on Stockhouse
Stockhouse now features a Stockscore(tm) value and the associated rating for each actively traded equity. The Stockscore(tm) is calculated by factoring over 30 technical analysis indicators and additional ratings are given for Price, Volume and Momentum components. Updated throughout the market day, Stockscores(tm) measure the relative strength or weakness of a stock to help investors gain a great deal of insight into market sentiment and trends for that stock.
Top 10 Stockscore's(tm) for US Markets scoring 98 in morning trading are:
Applied Micro Circuits Co (Nasdaq:AMCC), Cisco Systems Inc. (Nasdaq:CSCO), Endo Pharmaceuticals (Nasdaq:ENDP), REMEC Inc. (Nasdaq:REMC), Martek Biosciences Corp. (Nasdaq:MATK), Foundry Networks Inc. (Nasdaq:FDRY), Cell Pathways Inc. (Nasdaq:CLPA), Garmin Ltd. (Nasdaq:GRMN), Netease.com Inc. (Nasdaq:NTES), and Strayer Education Inc. (Nasdaq:STRA).
Options Chains
Stockhouse now provides investors with easy access to information on Options Chains, including quotes from the Chicago Board Options Exchange and the Montreal Exchange. All options for a given security are displayed, ordered by expiration date. Each option links to a detail screen, which displays additional data points for each Call and Put, including Bid and Ask, volume and contract high/low.
Other New Features
The Stockhouse Company SnapShot now lists Market Capitalization, Shares Outstanding and Industry category. The Stockhouse Portfolio has also been enhanced with the addition of Stockscores(tm) and the time of the most recent news release for each stock in your portfolio. Stockhouse has also launched a Special Energy Supplement, providing insight into the energy sector for the plugged-in investor, including breaking news about the energy sector indices as well as market data.
ABOUT STOCKGROUP
Stockgroup Information Systems Inc. is a financial media and technology company. It is a leading provider of private labeled financial software and content solutions to media, corporate and financial services companies. Stockgroup employs proprietary technologies that 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.
This release has neither been approved or disapproved by the TSX