Stockscape.com's Revenue Increases by 400%; Launches StockscapeTV.com Streaming Video Financial Portal
VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 4, 1999--Stockscape.com Technologies Inc.(OTC BB:STKSF) reports that its operating subsidiary Stockscape.com increased its revenue for the 9 months ended June 30, 1999, to $572,421, a 400% increase over the corresponding period ended June 30, 1998. This rapid growth is attributable to an expanding client base as well as the introduction of several innovative new services including the launching of the StockscapeTV.com streaming video financial portal.
StockscapeTV.com is an investment information hub featuring rich audio and video investment content. The portal directs investors to streaming audio and video investment content on the web, aggregating a searchable, annotated indexed reference to hundreds of internet investment features, events and webcasts.
Long anticipated by investors, StockscapeTV.com is positioned to take advantage of the explosion in high-bandwidth internet usage which is expected to occur in the next 24 months.
Recent high-profile broadband initiatives, including Microsoft's $5.5 billion investment in AT&T, @Home's acquisition of Excite, and Yahoo!'s acquisition of Broadcast.com, all point to the high priority being placed on high-bandwidth applications by major internet companies.
According to a recent report by Forrester Research, more than 1 million North American households already enjoy broadband access to the Internet, and this number is expected to reach almost 26 million by 2003.
Estimates state the digital economy will rocket to over $1.3 trillion over the next four years. It is the objective of Stockscape.com to position the StockscapeTV.com portal as a powerful player in the thriving e-commerce/broadband marketplace.
Investment websites and media providers have tremendous capability to market their programs through the StockscapeTV.com portal. StockscapeTV.com offers an easy and effective strategy for content providers to achieve maximum impact through an established online hub.
In addition to providing a rich-media investment portal, the StockscapeTV.com hub will soon offer a robust e-commerce component, allowing the company to convert click-through into sell-through. In this way Stockscape.com intends to establish its information portal as a significant internet property with a solid revenue stream.
It is management's intention for StockscapeTV.com to become the premier streaming-media investment portal on the web.
Internet investors are encouraged to bookmark www.StockscapeTV.com.
ON BEHALF OF THE BOARD OF DIRECTORS
CONTACT:
Stockscape.com Technologies Inc.
Andrew F. B. Milligan
1.800.318.3094
invest@stockscape.com
www.stockscape.com
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