ALEXANDRIA, Va., August 15, 2000 (PRIMEZONE) - COMTEX News Network, Inc. (OTCBB:CMTX) announced today the launch of Mortgage Banking, a COMTEX Newsroom offering that will provide subscribers with updated news and information for the personal investor.
Through Mortgage Banking, subscribers can stay on top of the rise and fall of lending rates, read reports from the Department of Housing and Urban Development, and follow trends in mortgage lending, real estate, and mortgage-backed investments. When lending rates rise, when HUD releases a new report and when a realty trust launches a new Web site, Mortgage Banking will have the scoop.
Mortgage Banking is the first category of the Personal Finance product under COMTEX' Newsroom Enhanced Products umbrella. Mortgage Banking will provide COMTEX' subscribers with five to seven timely, targeted stories once a day, Monday through Friday. These stories, available as headlines or full-text articles, are compiled by COMTEX' highly skilled editors from over 1,400 global sources.
"In response to customer demand and a growing personal investor market, COMTEX is pleased to launch Mortgage Banking - phase one of our Personal Finance product," said Charles Terry, COMTEX' President and CEO. "We realize the potential of this market and are committed to serving our clients with new and enhanced products so they can remain competitive. Mortgage Banking will provide a niche segment of the personal investor audience with targeted, top news stories, handpicked from COMTEX' network of publishers."
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.