Aeneid Corporation Secures A.B. Watley as One of Five New
EoCenter for <ABWG.O>
Aeneid Corporation Secures A.B. Watley as One of Five New EoCenter for Finance Affiliates Finance Leaders Represent 3 Million Unique Visitors Per Month SAN FRANCISCO, Sept. 14 /PRNewswire/ -- At Internet Content '99, Aeneid Corporation, the Internet Information Exchange company, today announced new EoCenter for Finance affiliates. A.B. Watley Inc., a wholly owned subsidiary of A.B. Watley Group Inc. (Nasdaq: ABWG) and formerly known as Internet Financial Services Inc., is one of five new EoCenter for Finance customers. First Venture, Insider Trader, Vision Capital and vcapital.com join A.B. Watley as finance sites who have deployed EoCenter for Finance. The new EoCenter for Finance customers represent potential traffic of three million unique visitors per month to the EoCenter Network. To learn about all EoCenter affiliates and how to become one, visit eocenter.com. "We are dedicated to providing traders and investors with free real-time information, the fastest and broadest set of data gathering tools and superior quality execution systems," said Tony Huston, Head of WWW Development at A.B. Watley Group Inc. "Aeneid's EoCenter will provide us with the ability to quickly integrate targeted, financial content from the Internet and become the destination of choice for the on-line trading and investing community. We anticipate increased customer satisfaction and site loyalty that will accompany the additional finance content that our customers can retrieve using EoCenter." EoCenter is an industry-specific content and search solution for the high-tech, finance, healthcare and insurance industries. Each EoCenter is a complete Internet research environment that combines industry-specific information sources with advanced search technologies. The EoCenter service provides a single point of access to all industry-specific content available on the web, making Aeneid a natural partner for companies whose business model depends upon attracting professionals to their site and keeping them there. With a shared revenue model and minimal impact on site development resources, the EoCenter service combines an industry focus with the first vertical search solution powered by Inktomi -- the same search service used by leading portals. "The new EoCenter for Finance customers represent high-caliber financial organizations," said Daniel Putterman, president and CEO of Aeneid. "Having to compete with the myriad of destinations on the Internet, these financial portals are looking for ways to become professional destination sites, resulting in increased revenues through new commerce opportunities, greater site traffic and longer session times. We have the ability to help them succeed in this quest through our value-added content, targeted specifically to the financial industry." EoCenter for Finance also provides a perfect content solution for new affiliates such as Venture Capital Online(TM) ("vcapital.com"), an online, membership-based venture capital clearinghouse. Vcapital.com receives content via another EoCenter affiliate, Redherring.com, including a daily news feed and features on issues affecting entrepreneurs and venture capitalists. "As an organization serving the critical connection between entrepreneurs and the private capital markets, we were quickly drawn to the depth and quality of content Aeneid's EoCenter could provide to our customers on both sides of the equation," said Bob Cross, president of vcapital.com. "EoCenter helps us deliver stronger, more accurate content and provides our customers with the information they need to make sound business decisions in their efforts to raise capital. The EoCenter furthers vcapital.com's strategy to become the leading vertical portal for the entrepreneurial community." About A.B. Watley Group Inc. A.B. Watley Group Inc. is the parent Company of A.B. Watley, Inc., a multifaceted, technological and service-oriented brokerage firm offering two proprietary online trading systems, UltimateTrader(TM) and WatleyTrader(TM), that provide realtime data feed and instantaneous execution for the most active segment of the online trading community. The A.B. Watley, Inc. Institutional Sales and Trading Division specializes in the execution of complex and sensitive large-block equity transactions for institutions, major investment managers, insurance companies, banks, and high net worth individuals. Under its former name, Internet Financial Services Inc., the Company completed its initial public offering of 2,300,000 shares of common stock on April 20, 1999. Its recent third quarter earnings reported a revenue growth of 148% and a 317% increase in trade volume. About Aeneid Corporation Aeneid Corporation ( aeneid.com ) is a privately held, Internet company based in San Francisco, California. Established in 1996, Aeneid is building the Internet Information Exchange, a network of vertical portals allowing business professionals to gain access to the most recent and relevant industry-specific information. This network creates a channel for corporate vendors, advertisers and information providers to gain direct access to their target market. Aeneid develops and manages the Aeneid EoCenter service, which enables vertical portals to become professional destination sites by building traffic, improving site loyalty and increasing revenues through new commerce opportunities. NOTE: Aeneid, the Aeneid logo and EoCenter are trademarks of Aeneid Corporation. All other company and product names may be trademarks of the respective companies with which they are associated. SOURCE Aeneid Corporation -0- 09/14/1999 /CONTACT: Diane Smith of Aeneid Corporation, 415-538-8555, ext. 255, or dsmith@aeneid.com; or press Paulette Brown of US Web/CKS Public Relations Services, 770-222-8528, or browncom@bellsouth.net, for Aeneid Corporation; or William Arnold of A.B. Watley Group Inc., 212-422-1664, ext. 5825, or warnold@abwatley.com/ /Web site: aeneid.com -- SFTU066 -- 6895 09/14/1999 08:15 EDT prnewswire.com Copyright PR Newswire 1998. All rights reserved.
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