VANCOUVER, B.C., Jan. 18, 2002 (PRIMEZONE) -- AlphaTrade.com (OTCBB:APTD) and (Frankfurt:TDR WKN 920952), the world's first streaming, multi-lingual market data provider, is pleased to announce a 60% increase in revenue for the fourth quarter of 2001 compared to the third quarter results.
"We are very excited to have three consecutive quarters of increased revenue, each outpacing the previous quarter for 2001," stated Gordon Muir Chairman of AlphaTrade, "and 2002 is looking very strong in only the first two weeks of the New Year. We are excited about the potential for AlphaTrade for this coming year and are looking forward to the implementation of our expansion plans for 2002." With expansion in mind, the company would also like to announce the opening of their first satellite office in Dusseldorf, Germany.
"We believe the market for reasonably priced, streaming, real-time stock market data is expanding significantly," stated Penny Perfect, President of AlphaTrade. "AlphaTrade is able to tap into this market because we have an unlimited ability to add functionality and scalability to meet the needs of the professional market which will benefit all of our subscribers."
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 a 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 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.