PCQT postpones IPO:
biz.yahoo.com
Monday October 18, 7:04 pm Eastern Time
Company Press Release
SOURCE: PCQuote.com, Inc.
PCQuote.com, Inc., a HyperFeed Technologies, Inc. Subsidiary, Postpones Public Offering
CHICAGO, Oct. 18 /PRNewswire/ -- PCQuote.com, Inc., a subsidiary of HyperFeed Technologies, Inc. (Nasdaq: HYPR - news), announced today that it will postpone its Initial Public Offering of common stock due to market conditions. The company cited depressed market conditions, especially in the financial services sector, as the reason for changing the schedule for this offering.
``Given the current market volatility, we have concluded that it would not be in the best interest of the company to complete the offering at this time,' commented Jim Porter, CEO of PCQuote.com. ``We have been gratified by the high level of support from HyperFeed shareholders, our friends, and our customers. We are very appreciative of their support.'
About PCQuote.com, Inc.
PCQuote.com, Inc. is an Internet-based provider of real-time and delayed market quotes, timely business news and comprehensive tools for researching and analyzing financial information.
HyperFeed Technologies, Inc.
HyperFeed Technologies is a leading provider of real-time financial market data and news to professional and consumer markets worldwide. Incorporating IP Multicast and proprietary advanced compression technologies, HyperFeed 2000, the company's proprietary datafeed, offers recipients the speed and the capacity to handle rapidly growing volumes of market data. Professional and individual investors use the firm's software applications to view, analyze and manipulate market data. In addition, the firm also offers web-based authoring and software development tools for easy integration of HyperFeed 2000 data into a variety of web-based and software applications.
SOURCE: PCQuote.com, Inc. |
