VANCOUVER, B.C., Dec. 16, 2003 (PRIMEZONE) -- Stockgroup Information Systems Inc. (OTCBB:SWEB) (TSX Venture Exchange:SWB) a financial media and technology company announced today that they have signed a licensing agreement with Dundee Securities Corp. Stockgroup will license Dundee Securities financial content for their website, www.dundeewealth.com, provided through Stockgroup's Financial Content Software System.
Dundee Securities Corporation is a full service investment dealer engaged in wealth management & financial advisory services, retail brokerage, institutional sales & trading, equity research and investment banking with over 250 investment advisors servicing over $4 billion of client assets under administration.
With capital strength, focus and dedication, Dundee Securities delivers the best to its clients. Stockgroup's solution will provide Dundee with reliable and cost effective market data. Stockgroup's Financial Content Software System will provide a customized solution designed specifically for Dundee's financial portal.
"We selected Stockgroup's solution because it allows us to maintain the best service for our clients and advisors. Stockgroup's solution allows us to deliver additional/enhanced services to offer our customers a more complete service. Our clients can be assured the Stockgroup Solution will enhance their experience when dealing with Dundee," said Paul Stapleton, Vice President Information Technology, Dundee Securities Corp. "We concluded Stockgroup's Financial Content Software System provides us with the best customized solution for our most important asset, our clients."
Stockgroup's Financial Content and Software Systems are made up of a suite of over 30 proprietary financial and software tools and 100 different data sources that disseminate data from all North American Exchanges and from a database of over 21,000 publicly traded companies. Stockgroup's more than 30 different financial tools include quotes, charts, portfolio systems, technical analysis, wireless applications, watch lists and others. In addition to financial services firms, Stockgroup also provides specialized tools for the publishing industry, public companies (CFO/IRO) and corporate employee intranet markets.
Some of Stockgroup's products include Market Indices, Stock Charts, Stock Watch Lists, Portfolio Managers, Market Movers, Scrolling Tickers and the management of Public Company's Investor Relation websites including the automated posting of their news releases, SEC filings, and other critical disclosure components.
About Dundee Securities
Dundee Wealth Management Inc. is a Canadian owned, TSX listed financial service company that, through DWM Inc., provides investment management, securities brokerage, financial planning and investment advisory services to individuals, institutions, corporations and foundations. Dundee Wealth is an 84% owned subsidiary of Dundee Bancorp Inc.
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), 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.
This release has neither been approved or disapproved by the TSX