Letter of Intent Signed Between FreeRealTime.com and 123jump.com Inc.
IRVINE, Calif.--(BUSINESS WIRE)--Nov. 11, 1999--
Companies to Share Advertising Revenues Generated From Co-Branded
Commentary; FreeRealTime.com to Provide Co-Branded Real Time Stock
Quotes to 123jump.com Visitors
FreeRealTime.com Inc., (OTC BB:FRTIE), a leading provider of
online, real-time stock market quotes and financial services, Thursday
announced that it has entered into a Letter of Intent with Miami
Beach-based 123jump.com Inc., a provider of financial commentary and
an analysis of the news and events in the financial world.
Under the terms of the co-branding and revenue-sharing agreement,
FreeRealTime.com's 700,000+ registered members will have seamless
access to co-branded intra-day market commentary and analysis
especially refined to meet the sophisticated investment criteria of
FreeRealTime.com's members.
Visitors to 123jump.com's content-rich Web site will now have
access to unlimited free real-time stock quotes provided by
FreeRealTime.com along with the wide array of real-time, market
commentaries, analysis and breaking news currently being provided by
123jump.com at no charge.
According to FreeRealTime.com president and chief executive
officer Brad Gunn, this agreement provides significant new revenue
opportunities for both parties through revenue sharing from
advertising on the co-branded content pages as well as advertising on
the co-branded quote pages.
"We pride ourselves in providing sound financial information with
the right analysis of news and events affecting the global financial
world," said 123jump.com VP of Business Development, William J.
Sinteff. "Our goal, to provide access to everything an investor
requires for keeping abreast of fast-moving financial trends, is
greatly enhanced with the addition of free, real-time stock quotes.
"We are pleased to be working with one of the leading providers
of online financial services and feel this co-branding of shared
content and financial information will substantially benefit the
investor community," added Sinteff.
"We continue to bring content to our members that will broaden
the diversity of financial information made available to them at no
cost," commented Gunn.
"In conjunction with the breaking market news and commentary
provided by 123jump.com's excellent team of global commentators, our
members will have, at their finger tips, access to a substantial
amount of coverage in general with an emphasis on the technology and
Internet sectors.
"We look forward to working with 123jump.com in striving to
provide the tools and information to assist investors in building a
sound financial future."
About 123jump.com
123jump.com Inc. is a provider of Internet-based investing tools,
including detailed quotes, informative charts, company research and
commentary relating to financial markets, and specifically the
Internet and Technology sectors and the IPO markets.
Living in a global financial world, markets are so interconnected
that events occurring in one part of the world have repercussions
elsewhere; hence our global team of reporters -- from Europe to Asia
to the Americas -- who provide commentary and analysis on financial
information as it happens. Visit 123jump.com's Web site at
www.123jump.com.
About FreeRealTime.com
FreeRealTime.com Inc. is a digital financial media company
providing an array of stock market data, business information and
sophisticated research, analysis and management tools for
institutional investors, brokers, independent investors and respected
resellers. CNBC's Power Lunch selected FreeRealTime.com as its "Cool
Web Site of the Day" on April 27, 1999.
FreeRealTime.com was also featured in Online Investor's May/June
1999 issue, as a "Blue Chip Pick" for market data. Visit the company's
FreeRealTime.com Web site at www.freerealtime.com.
Certain matters discussed in this news release relating to the
pending co-branding and revenue-sharing agreement between the
FreeRealTime.com and 123jump.com are forward-looking statements
involving certain risks and uncertainties including, without
limitation, the ability to negotiate a definitive agreement between
the two companies, changes in product demand, changes in competition
and other economic conditions. FreeRealTime.com undertakes no
obligation to release publicly the result of any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
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CONTACT: FreeRealTime.com, Irvine
Investor Relation Resources
Marty Tullio, 949/566-9860
E-mail: marty@investorRR.com
or
123jump.com Inc.
Manish Shah, 305/673-6339
E-mail: mshah@123jump.com |
