AlphaTrade.com Partners with NetVoyager.com; Alliance will open the
European markets for AlphaTrade
VANCOUVER, British Columbia & LONDON, Oct 23, 2000 (BUSINESS WIRE) --
AlphaTrade.com (OTCBB:EBNK), a leader in providing low cost, real-time,
streaming financial information over the Internet, today announced a strategic
alliance with NetVoyager.com, the inventor of a first-of-its kind-'net
appliance' that allows the Internet to be viewed over a television set.
AlphaTrade will be one of the first companies to be "packaged" and included on
Net Voyager's hardware, which is slated for delivery by the end of this year.
Gordon Muir, AlphaTrade's CEO and Chairman, states, "There is tremendous market
potential with NetVoyager. This alliance will enable millions of investors in
the UK and Europe direct access to our unique Internet-based financial
applications through the NetVoyager system."
Research shows that currently 70% of the UK market does not own a PC and of the
30% that do, only 15% have access the Internet and they use it for limited
purposes, i.e., electronic shopping and sporadic surfing of the net. By
integrating Netvoyager's technology into a television set-top box, the T.V.
whether in the home, office or hotel now becomes the complete entertainment and
information provider, replacing the need for a PC to access the financial
markets using the Internet. This translates into a potential market in excess of
16 million users in the UK alone.
NetVoyager's technology can easily be integrated into the North American markets
and will out perform any of the current competitive products.
"We are proud to be the provider of real-time, streaming financial applications
for NetVoyager's unique set-top box and to have aligned ourselves with
NetVoyager at this time," states Mr. Muir. "For AlphaTrade's benefit, the growth
and development of NetVoyager will open the door to millions of television
viewers throughout the UK and Europe who can now utilize our real-time
investment information service easily and at a reasonable cost."
Currently, there is no product available that provides the user with complete
access to surfing the latest websites that are Flash, Realplayer or Java based.
This of course eliminates many sites. NetVoyager enables even the computer
illiterate user to travel through the complex world of the Internet with ease
and to use applications such as E-Gate just like a professional.
Terms of the AlphaTrade-NetVoyager partnership were not disclosed.
About AlphaTrade.com
AlphaTrade is an e-commerce, Internet-based corporation with a unique and
proprietary product called E-Gate. The company's goal is to provide investors
access to financial information at less cost and greater convenience than any
other existing product on the market today. AlphaTrade can be found on the
worldwide web at www.alphatrade.com.
About NetVoyager.com
Established in January 1999, Netvoyager is a developer of digital interactive TV
systems. They provide Internet enablement under the brand name, 'netvoyager'
which allows full Internet access through standard analogue phone lines and
Digital Subscriber Line (xDSL) technologies supported by a full-featured portal.
There is currently no unit available on the market which provides the user full
freedom, without "walled gardens", to surf the latest Flash, Realplayer and Java
based sites. Our technology will enable the computer illiterate user to travel
through the complex Internet world with ease and comfort in less than 10
minutes. Once broadband is available, our users will be able to connect directly
to our network and benefit from high speed surfing and interactive TV services
such as video on demand. For more details see NetVoyager on the web at
www.netvoyager.co.uk.
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.
CONTACT: NetVoyager.com
Jamil Aboulzelof, +44(0)20 8968 3030
jamil@netvoyager.co.uk
or
AlphaTrade.com
James Chan, 877/288-7799
james@alphatrade.com
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