LAS VEGAS, June 17, 2003 (PRIMEZONE) -- The Associated Press and Stockgroup Information Systems (OTCBB:SWEB) (TSX Venture Exchange:SWB), a leading provider of financial data and software, have launched AP Financial Tools, applications for Web sites aimed at helping newspapers offer readers an array of sophisticated financial information, including quotes, charts and personal portfolios.
Under the terms of the agreement, the AP will distribute Stockgroup's financial data and software systems, which include more than 30 proprietary financial and software tools and 100 data sources, to its member newspapers.
"AP Financial Tools is another offering to help newspapers build Web traffic and revenue," said Deputy Director of Membership Services Rick Spratling. "When paired with AP news, AP Financial Tools package provides a flexible, scalable financial data solution that reduces development time and costs for our member newspapers."
"We are pleased to have The Associated Press officially launch our AP/Stockgroup branded state-of-the-art financial content and software applications at NEXPO, the leading publisher convention in the world. This is another milestone in our relationship with The Associated Press. AP's member newspapers will now have access to financial content and software applications that help them to reduce the cost of providing financial information and build their brand and readership," said Marcus New, CEO of Stockgroup.
Developed and configured by Stockgroup, the financial tools complement AP's existing financial content and offer robust functionality for users. AP Financial Tools enable newspaper Web sites to offer a sophisticated presentation of financial and market information. The turnkey solution displays financial data including quotes, charts, personal portfolios and watch lists in a format that retains the look and feel of the newspaper Web site. AP Financial Tools will encourage users to spend more time on the site and to make repeat visits to monitor stock quotes and portfolios. AP Financial Tools are available as hosted products or via XML and include standard advertising formats to facilitate the acquisition of local section sponsors and advertisers. To view a product demo, visit: http://ap.stockgroup.com/.
About Stockgroup:
Stockgroup Information Systems Inc. is a financial media and technology company. It is a leading provider of private labelled financial content and software solutions to media, corporate and financial services companies. Stockgroup employs proprietary technologies that 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, TSX-V: SWB), visit www.stockgroup.com.
About The Associated Press:
Founded in 1848, The Associated Press is the world's oldest and largest newsgathering organization, providing content to more than 15,000 news outlets with a daily reach of 1 billion people around the world. Its multimedia services are distributed by satellite and the Internet to more than 120 nations. For more information about The Associated Press, visit www.ap.org.
For more information visit NEXPO booth No. 926 or contact AP Corporate Communications at 212-621-1720. A product demo is available at http://ap.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.
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