VANCOUVER, B.C. and FRANKFURT, Germany, Nov. 15, 2001 (PRIMEZONE) -- AlphaTrade.com (OTCBB:EBNK) (FSE:TDR WKN 920952), the world's first streaming, multi-lingual market data provider, is announcing a 35% increase in revenue for the third quarter of 2001 compared to the previous quarter.
"The future is very exciting for the company," stated Penny Perfect, President of AlphaTrade. "Our E-Gate product is highly regarded by our subscribers, especially our signature product, Level II. We have been getting many referrals from our existing subscribers and our affiliates have been actively generating us new business. We expect our fourth quarter to show an increase in our subscriptions/revenue as we open new markets, add new affiliate sites and get more referrals from our existing subscribers. On December 1, 2001 we will deploy real time, streaming German market data and on November 26, 2001 we are introducing our deployment of the German market data via a live Internet chat at www.wallstreet-online.de one of our German affiliates."
More professionals are signing up for and using our E-Gate system, which the company attributes to the depth of the product line, the flexibility of the total system and the cost effectiveness of our E-Gate product. It is expected that our existing corporate clients will continue to add new subscribers on a regular basis because they are pleased with the E-Gate product, with our excellent service and market conditions in general appear to be more stable. This will serve to increase our corporate subscriber base. In addition, many of the E-Gate subscribers are so pleased with the quality of the service for the price point they not only refer the service to many friends, family and business associates but they also send us new affiliate sites who will assist in marketing our E-Gate product. For a recent audio interview with the company please go to www.marketdd.com.
"There is no doubt that our clients receive the best service in the industry," stated Gordon Muir, CEO of AlphaTrade. "We are committed to providing our customers with prompt and courteous support in all facets of our business including sales, tech support or teaching our clients simple computer skills for optimum performance with our E-Gate product. I cannot express enough the dedication, ingenuity and loyalty our staff provides for the company and our clients. AlphaTrade has a strong tireless team, dedicated to the success of AlphaTrade and the support of our clients."
About AlphaTrade.com:
AlphaTrade is an online provider of streaming stock information with applications designed for use by both professionals and novice investors and traders. Aptly named E-Gate, it is a multilingual electronic gateway to an Internet based stock quote system that includes quotes, news, intraday and historical charts, most active, and more. E-Gate is state of the art and designed to provide investors access to real time financial information at less cost and greater convenience than any other product on the market today. Subscribers do not need to purchase, lease or download any software. All of the financial applications are available via the Internet for a low monthly subscription price. Visit us on-line at www.alphatrade.com or www.alphatrade-europe.de
SAFE HARBOR STATEMENT: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition and risk inherent in the operations of a company.