News out on EBNK...This is great....
AlphaTrade Expands Marketing Alliances in Middle East, Eastern Europe
AlphaTrade Expands Marketing Alliances in Middle East, Eastern Europe
VANCOUVER, B.C., Sep 21, 2000 (BUSINESS WIRE) -- AlphaTrade.com (OTCBB:EBNK)
announced today that it has completed a second alliance specifically targeting
the institutional and investment banking community.
In its ongoing efforts to expand its client base, AlphaTrade.com (the "Company")
has taken specific measures to consolidate and expand its alliances designed to
efficiently market its delivery of streaming financial data to end users located
in the Middle East and Eastern Europe. As part of its overall agreement with Al
Nasr Trading & Industrial Corporation ("Nasr"), the Company has concluded a
target-based marketing arrangement with Infinity Group Inc. ("Infinity"), a
corporation engaged in investment banking activities in Europe.
While the Company continues to technically expand its revolutionary financial
information products, the alliances with Nasr and Infinity will result in
immediate access to a number of Middle Eastern and East European institutions in
forthcoming weeks. The Company is targeting widespread exposure within the
geographical regions selected by Nasr and Infinity. The incentive-based
marketing agreement with Infinity targets 100,000 subscribers within the next 30
days. Senior executives of AlphaTrade are leaving as early as next week to
conduct direct face-to-face meetings in Europe -- arranged by the principals of
Nasr -- with key private banking and trading institutions over the next week.
The Company believes that, regardless of any particular near term targets
envisaged in its current marketing alliances, this thrust in the Middle East and
Europe will enhance the Company's subscriber base on one hand and will create
broad availability of the Company's product to an entirely new group of
financial service organizations and their clients.
In the meanwhile, the Company continues to upgrade and enrich its current E-Gate
suite in its ongoing endeavours to ensure that those visiting the AlphaTrade.Com
web site can independently evaluate the competitive and revolutionary status of
the underlying product.
The Company's management firmly believes that the use of the Web will continue
to grow beyond the provision of basic quote-type information to encompass
regulatory filings and due diligence reviews. In that regard, institutional and
individual investors outside of North America will, in fact, require the type of
comprehensive multilingual product (E-Gate) the Company is currently marketing.
Additionally, the technology uses lightweight components allowing users to view
data within their browser without the need to either download cumbersome
applications or the need to install software, aspects which inherently create an
even greater edge when marketing E-Gate to investors operating outside the
confines of the North American market place.
AlphaTrade.com's products utilize the latest in technology to provide streaming
financial data via a suite of products known as E-Gate. These products include
real time stock quotes, multiple portfolio managers, ticker, news, Level 2
Nasdaq and more. AlphaTrade is a true E-Commerce Internet-based company with
"patent pending" applications. Subscribers do not need to purchase, lease or
download any software. All of the financial applications are available via the
Internet for a low monthly subscription price. AlphaTrade's unique applications
are designed to offer corporations and computer users secure business and
personal program choices at anytime, in any language, from anywhere in the world
through any dial up, dedicated connection or wireless network.
For further information, please contact the company at 604/681-7503 or visit our
website at www.alphatrade.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: The statements contained herein which are not historical fact are
forward-looking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in the
forward-looking statements, including, but not limited to, certain delays in
testing and evaluation of products and other risks detailed from time to time in
AlphaTrade's filings with the Securities and Exchange Commission.
CONTACT: AlphaTrade
James Chan, 877/288-7799
james@alphatrade.com
AlphaTrade.com
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KEYWORD: CANADA INTERNATIONAL AFRICA/MIDDLE EAST EUROPE
INDUSTRY KEYWORD: BANKING
E-COMMERCE
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