Tuesday January 12, 9:22 am Eastern Time
Company Press Release
SOURCE: Individual Investor Online
Individual Investor Online Launches Expanded Message Boards
NEW YORK, Jan. 12 /PRNewswire/ -- Individual Investor Online (http://www.iionline.com), which merges in-house, professional stock analysis with news and commentary, today announced the launch of their expanded message boards.
The expansion, a result of user requests, allows visitors to post messages on all stocks in addition to The Magic 25™, a portfolio of the fastest growing stocks selected by Individual Investor's team of analysts to outperform the market in 1999. Visitors to Individual Investor Online have had access to message boards discussing the Magic 25 since Dec. 9, 1998, when the new year's portfolio was posted. Investors will also benefit from the knowledge of Individual Investor's in-house analysts, who frequently post and respond to messages on the site.
''For many investors, message boards play an important role in their investment education and give them a unique opportunity to learn from each other,'' said Jonathan Steinberg, chief executive officer of Individual Investor Group, Inc. (INDI). ''We are looking to provide visitors with a higher-quality, more thoughtful message board than those they might find elsewhere. We feel the participation by our analysts will add tremendous value.''
Michael Valentin, General Manager of Individual Investor Online adds, ''We've custom developed our boards in house so that visitors can critique what they see and suggest features we might add.''
Individual Investor Online continues to gain in popularity among investors due to the site's relaunch late last year. In fact, the site's paid advertising impressions increased 34% to more than 4.1 million between November and December of 1998 as measured by DoubleClick. The existing Magic 25 message boards are also gaining in popularity and now account for between 10% and 20% of the site's traffic.
In addition to the expansion of its message boards, Individual Investor Online is updated at least five times daily to provide up-to-the-minute investment ideas and has upgraded its server capacity, allowing pages to load even faster than before. ''We are making a large, long-term commitment to the Internet and to providing our readers with best investment ideas possible,'' said Mr. Steinberg.
In late 1998, Individual Investor Group acquired InsiderTrader.com, an online distributor of insider data and independent financial research, marking INDI's first foray into paid subscription-based online information services.
Located at iionline.com, Individual Investor Online, which merges in-house, professional stock analysis with news and commentary, consistently delivers the highest quality investing and financial information to its users. Individual Investor Online is published by Individual Investor Group, Inc. (Nasdaq: INDI - news), an information services company that also publishes and markets Individual Investor Magazine (circulation 500,000), Individual Investor's Special Situations Report, InsiderTrader.com and Ticker Magazine.
Safe Harbor Notice Under the Private Securities Litigation Reform Act of 1995: Except for historical information, the above statements of this press release (including without limitation expressions of expectation, belief anticipation or estimation of the Company or its management) are forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. These risks and uncertainties include, among others, the possibility that page views and/or advertising revenue received by the Company may decrease due to: increased competition; decreased demand for advertising on IIOnline or the Web in general; decreases in the rates paid for Web advertising resulting from competition or other factors; technical difficulties at the Company, at its third-party advertising agent or at various Internet service providers or other entities necessary to provide access to IIOnline's Web site that is satisfactory to the viewer; decline in economic conditions specific to the Web as well as general economic conditions: and other risks detailed in the Company's most recent Forms 10-K and 10-Q filed with the Securities and Exchange Commission (which are available from the Company or at sec.gov). These forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or to reflect any change in events, conditions or circumstances on which any such forward-looking statement is based, in whole or in part.
SOURCE: Individual Investor Online
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