Telescan Expands Analytics to Wireless Platforms Wireless Analytics Enable B2B Partners to Offer Palm and WAP Enabled Cellular Customers Real-Time Market Information Anytime, Anywhere
HOUSTON, Sep 12, 2000 /PRNewswire via COMTEX/ -- Telescan, Inc. (Nasdaq: TSCN chart, msgs), the leading provider of financial tools and analytics on the Internet, today announced the extension of its powerful suite of investor analytics, data and news to the Palm(TM) VII and modem equipped Palm V series of handheld computers and to Wireless Application Protocol (WAP) enabled cellular phone platforms through co-branded relationships with its B2B alliance partners. The Company announced that CNBC.com is the first partner to offer the wireless solution to its users.
With features such as quotes, charts, news, domestic and international market overviews, a portfolio watch list and Telescan's proprietary Quick Search -- a fast and easy way to search for stocks and mutual funds -- investors have access to real-time data to effectively manage their portfolios while on the go. With the added capability to link to a brokerage or other trading site, the mobile investor has easy access to a trading platform as well.
"The migration of the Web to wireless devices is under way as nearly a third of sites in certain markets are offering wireless enhancements. The availability of wireless is becoming a 'qualifier' and our partners need to be able to differentiate themselves from the competition," said Lee Barba, Chief Executive Officer of Telescan. "Telescan's wireless solution enables our B2B partners to empower their clients to manage their portfolios no matter where they are located."
Telescan's wireless solution is ideal for financial services companies seeking to reach out to mobile customers. Services for WAP enabled phones include both interactive displays and alerts, while the Palm platform solution offers two levels of service:
-- Level 1 - Quotes, charts, news and domestic markets monitoring
-- Level 2 - Level 1 offerings plus a customized watch list of
securities the investor wants to keep under constant surveillance, a
foreign markets monitor and Quick Search
Telescan recently announced its entry into the wireless market with the introduction of a suite of direct to consumer wireless products for Palm and WAP enabled cellular phones through its Consumer Division.
About Telescan, Inc.
Houston-based Telescan (http://www.telescan.com) is an industry leader in providing Internet services to the financial and publishing industries and proprietary analytics and content to individual investors. Telescan's Consumer Division, based in Menlo Park, California, manages a collection of Web sites, including INVESTools.com and WallStreetCity.com, with the common goal of simplifying and enriching the investing consumer's financial life. The group manages more than 1.2 million active users and more than 50,000 paying subscribers. Revenue is generated through both advertising and subscription sales. Telescan also provides Internet services via private-label and co-branded versions of its proprietary Internet technology to many of the nation's leading financial services and media companies, including America Online, American Express, CNBC.com, Fidelity Investments, Forbes, GlobalNetFinancial, Quick & Reilly and Time Inc. New Media (Fortune).
Telescan recently announced the signing of a definitive merger agreement with GlobalNetFinancial.com Inc. (Nasdaq: GLBN chart, msgs) (LSE:GLFA) to form a vertically integrated, world class, global B2B and B2C money and Internet company.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the matters discussed in this news release that may be considered forward-looking statements could be subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected. These include uncertainties in the market, competition, legal, success of marketing efforts and other risks detailed from time to time in the company's SEC reports. The company assumes no obligation to update the information in this release.
Source: Telescan, Inc.
Contact:
Lee Barba, CEO of Telescan, Inc., 212-332-3256
URL: telescan.com
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