Telescan Engages Arthur Andersen As Independent Auditing Firm.
Author/s:
Issue: April 13, 2000
HOUSTON, April 13 /PRNewswire/ --
Telescan, Inc. (Nasdaq: TSCN) today announced it has engaged Arthur Andersen as independent auditor, replacing Hein + Associates LLP, effective immediately. Arthur Andersen will audit Telescan's fiscal year ending December 31, 2000 financial statements. Telescan will request ratification of the new auditors at its annual shareholder's meeting.
Lee Barba, Chief Executive Officer of Telescan, said, "As we move to expand into new markets, Telescan's engagement of Arthur Andersen will provide us with the global reach, Internet audit expertise and business consulting services needed to leverage our efforts."
About Telescan
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 Internet supersite, Wall Street City(R) (http://www.wallstreetcity.com), provides a powerful suite of search tools, technical analysis and financial data. Telescan's wholly owned subsidiary, INVESTools Inc., operates the leading investment advisory subscription website (www.investools.com), featuring portfolio advice from proven money managers.
Telescan 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, Fidelity Investments, Forbes, GlobalNetFinancial, NBC, and Time Inc. New Media (Fortune).
"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.
COPYRIGHT 2000 PR Newswire Association, Inc.
COPYRIGHT 2000 Gale Group
Telescan Signs 3-Year Personal Finance Agreement with America Online, Inc.Author/s:
Issue: Dec 8, 1999
Telescan to Provide Financial Tools and Analysis to AOL's More
Than 19 Million Members
HOUSTON, Dec. 8 /PRNewswire/ -- Telescan, Inc. (Nasdaq: TSCN), a leader in providing Internet services to financial and publishing companies, today announced a three-year agreement with America Online, Inc. (NYSE: AOL), the world's leading interactive services company, whereby Telescan will add its next-generation stock screening and portfolio analysis tools to AOL's Personal Finance Channel, ranked by Media Metrix as the #1 financial destination in cyberspace.
Under the agreement, Telescan will provide a range of stock screening tools based on their proprietary ProSearch(TM) technology for the Investment Research department of the Personal Finance Channel. This will include an extensive library of pre-built searches that answer the most popular stock screening objectives, as well as daily commentary written by Telescan's own analysts on how to use these tools.
In addition, America Online members will have access to D-cipher(TM), Telescan's proprietary stock and portfolio analysis tool that automatically generates real-time commentary and analysis based on current and historical data in easy-to-follow and understandable language.
David Brown, Telescan's Chairman and Chief Executive Officer, said, "AOL's selection of Telescan confirms our position in the forefront of creating industry leading tools for the individual investor. AOL is uncompromising in its efforts to offer simple, easy-to-use, and effective financial products to its members. Telescan applications such as D-cipher fit these criteria perfectly, offering detailed and useful analysis for the beginner and the advanced investor."
Rob Shenk, Executive Director of AOL's Personal Finance Channel, said, "Telescan has proven that it can create Web-based products that simplify complicated financial material and at the same time deliver solutions that can empower a broad range of investors. We look forward to providing our members with such useful and convenient applications."
Houston-based Telescan (http://www.telescan.com) is an industry leading financial application service provider that develops and operates Internet sites and major online networks for financial and publishing companies, as well as proprietary analytics and content to individual investors. Telescan's Wall Street City(R) supersite (http://www.wallstreetcity.com) provides a powerful suite of search tools, technical analysis and financial data. Telescan's wholly owned subsidiary, INVESTools Inc., operates the leading investment advisory subscription website (http://www.investools.com), featuring portfolio advice from proven money managers.
Telescan provides financial application services via private-label versions of its proprietary Internet technology to many of the nation's leading financial services and media companies, including American Express, BPI Communications, Fidelity Investments, GlobalNet Financial, NBC, Standard & Poor's, Time Inc. New Media and Playboy Enterprises.
"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. COPYRIGHT 1999 PR Newswire Association, Inc.COPYRIGHT 2000 Gale Group |
