VANCOUVER, B.C., July 22, 2003 (PRIMEZONE) -- Stockgroup Information Systems Inc., (OTCBB:SWEB) (TSX Venture Exchange:SWB) a financial media and technology company, announced today a software tool, which provides a solution for public companies to comply with new Security and Exchange Commission rules for website postings of insider trading activity.
Effective June 30, 2003, all companies that maintain a corporate website must post on their website all Section 16 Forms 3, 4, and 5 filed with respect to its equity securities by the end of the business day after filing.
Since the new regulations require companies to provide public access to corporate filings within one day of posting, compliance presents a potentially time-consuming and expensive challenge for companies hoping to accomplish this task in-house.
Marcus New, CEO of Stockgroup stated, "The IntegrateIR gives our clients the ability to fully automate the process without consuming traditional in-house time and money. Companies can now have the confidence and assurance that they comply with the constantly changing SEC regulations and allows them to implement this solution in a cost effective way."
Stockgroup's IntegrateIR provides a full SEC compliance solution, which is maintenance-free, easily installed on any company's website, and automatically updates the website with all filings as they are posted. The solution ensures that filings are properly sorted, with Section 16 Filings separated and displayed independently, in accordance with the new regulations.
The IntegrateIR provides companies with a backbone of essential elements for an IR website. The IntegrateIR is a software tool that gives companies complete control of the individual elements of their IR site. Companies can quickly and easily make updates and changes internally at anytime, from anywhere they have Internet access.
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 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 which 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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