ALEXANDRIA, Va., Aug. 9, 2000 (PRIMEZONE) -- COMTEX News Network, Inc. (OTCBB:CMTX) announced today it will provide real-time news content to Interact Commerce Corporation's (Nasdaq:IACT) online subscription service, Interact.com. COMTEX, a leading business-to-business infomediary, distributes real-time news from top global news sources to companies worldwide. Interact Commerce Corporation is the leading provider of interactive selling solutions and maker of ACT! and SalesLogix.
COMTEX will provide Interact.com subscribers with a tailored selection of its CustomWires(r) products, including real-time Business, Community, Sports and International Business news. COMTEX' CustomWires are real-time, subject-specific newswires compiled from over 1,400 national and international news sources. To facilitate application development and end-user access, COMTEX' stories are uniformly formatted and enhanced with standardized keywords and U.S. stock ticker symbols.
Interact.com is a next-generation Internet service that transparently integrates Internet services within selling professionals' current productivity tools such as ACT!, Outlook, mobile phones and personal digital assistants (PDAs). Through this service, users can receive updated news, schedule Web conferences, find new sales leads and create customized Web sites.
"Sales professionals rely on information to have the inside edge on what's happening in their industry and inside their customers' companies so they can better communicate with their prospects," said Phil Myers, president, Interact.com division, Interact Commerce. "With the help of COMTEX' news services, Interact.com delivers real-time information to subscribers when and where it is relevant to them, whether it is in their sales application on the desktop, their wireless PDA or on their mobile phone."
"COMTEX' agreement with Interact Commerce Corporation is important to us as we continue to grow and expand into the wireless market," said Charles Terry, COMTEX President and CEO. "Furthermore, the relationship between Interact.com and COMTEX is natural as we both strive to provide busy professionals with the information they need to do their jobs efficiently and effectively."
About Interact Commerce Corporation
Interact Commerce Corporation enables individuals and organizations worldwide to interact more, sell more and grow faster. The company's products include ACT!, the market-leading contact manager used by more than 3 million professionals, SalesLogix, the fastest growing customer relationship management platform used by more than 2,700 companies, and the Interact.com business, the premier interactive selling network. Each of these solutions integrates all aspects of the selling process, from mobile sales professionals to support, marketing, accounting and eBusiness partners. Headquartered in Scottsdale, Ariz., Interact Commerce can be found on the World Wide Web at http://www.interactcommerce.com.
About COMTEX News Network, Inc.
COMTEX News Network, Inc. (OTCBB:CMTX) is a full service, business-to-business infomediary that aggregates and redistributes diverse, real-time global news and information for the Internet, Wall Street and corporate reseller markets. COMTEX' innovative technology gathers nearly 20,000 stories a day from over 1,400 diverse, global sources to create its subject-specific, value-added headline and vertical-market news products for distribution to over 750 companies throughout the world, reaching millions of end users. COMTEX' products include CustomWires(r), Newsroom Enhanced Products, Newsroom Direct, Publisher Full-Feeds and Processing Services. Select publishers include Africa News Service, The Associated Press, Business Wire, Bridge Information Systems, Internet Wire, Knight Ridder/Tribune, Newsbytes, ON24, South American Business Information, The Sports Network, UPI and Xinhua. Located in Alexandria, VA, COMTEX can be found on the World Wide Web at http://www.comtexnews.net.
Note: All product and company names may be trademarks or registered trademarks of their respective holders.
Except for the historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those contemplated herein, including the occurrence of unanticipated events or circumstances relating to the fact that COMTEX is in a highly competitive industry subject to rapid technological, product and price changes. Other factors include the possibility that demand for the company's products may not occur or continue at sufficient levels, changing global economic and competitive conditions, technological and other risks, costs and delays associated with the start-up and operation of major capital projects, changing governmental regulations and other risks and uncertainties, including those detailed in the company's filings with the Securities and Exchange Commission. COMTEX undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.