<<Mr. Patrick Lavin reports
The company is now allowing a select group of existing stox.com customers and market professionals access to the new stox.com web product. Management at stox.com felt it prudent to wait for the announcements and approval of the sweeping changes to the Canadian stock exchanges before proceeding to introduce the new suite of products to the public. In a series of announcements, that started late last week, the Vancouver Stock Exchange, the Toronto Stock Exchange, the Alberta Stock Exchange, and the Montreal Stock Exchange have agreed to restructure the Canadian equities exchanges into three new specialized markets; one for derivatives, one for junior companies, and the last for senior listings. With most of the company's questions and customer considerations now answered by the exchanges, the company feels comfortable moving forward with the beta testing of its next generation of products in the knowledge that its new products and delivery system will allow for seamless upgrades as changes are implemented in the Canadian markets.
The company would also like to take this opportunity to congratulate the exchanges for moving forward with this visionary effort, The mandate of the board of governors to create a marketplace based on common technology, uniform regulatory standards and enforcement procedures will ultimately allow stox.com to better articulate the Canadian marketplace to investors and market professionals both in Canada and around the world.
Headquartered in Vancouver, B.C. stox.com Inc. (URL.V) is listed on the Vancouver STock Exchange and specializes in the development and marketing of technologies and services that allow consumers, public companies and brokers to better understand, monitor and realize gains from their investments. The company is currently developing new products designed to exploit the Internet delivery of market data and news to the investment community. For more information on current products and services, please visit our website at www.stox.com.>>
I understand after looking at this news release today, why they chose to release it today. The fact that the VSE and ASE are merging may cause quote services that rely on existing software to need revamping. That may include the "old reliable" services such as Starquote and Telerate. If this scenario is true URL should be a BIG WINNER in this arena. Let's hope this management team uses the momentum to our advantage as shareholders, after they are shareholders as well. Looking for a breakout with volume north of $4.00 soon. ;>) |
