INTERNET--(esecurities.W)--May 7, 1999 - "Zacks.com-DBC-Lipper Join Forces Online"
Lipper Mutual Fund Content to be Distributed Via Zacks Web Network, Hosted by DBC
CHICAGO, May 7 /PRNewswire/ -- Millions of individual investors will gain easy online access to timely and accurate mutual fund information, thanks to a new alliance linking mutual fund information provider Lipper Inc. with Zacks.com and the Data Broadcasting Corporation (Nasdaq: DBCC - news).
According to terms of the deal, DBC will use Lipper content to develop a new ''Web Mutual Fund Center.'' Zacks.com will distribute the mutual fund center via its Financial Web Network, which includes more than 700 sites.
''Lipper is delighted to work with Zacks and DBC in what will be a win-win relationship for our clients and our firms,'' stated Gary Kreissman, SVP of Lipper Inc. ''The quality of Lipper's fund information and analysis perfectly complements the equity data Zacks has successfully provided to leading financial sites.''
''DBC is extremely pleased to be participate in bringing world-class mutual fund content to the financial web site community,'' Dennis Santiago, VP of Corporate Development, Data Broadcasting Corporation. ''It balances the volatile information coming from the equity markets. We believe this is the kind of data that delivers real value for personal investors.''
''The Lipper content and the DBC development combined with the Marketing and distribution pipeline already in place at Zacks.com, make for an extremely successful and mutually beneficial relationship for all parties involved,'' said Evan Rullman, VP of Business Development with Zacks.com. ''Investors will now have access to the most comprehensive mutual fund data available, from many more channels on the Internet.''
The mutual fund center will offer investors access to different levels of Lipper data, covering all fund family and portfolio manager information, fiscal and distribution data, fees and expenses, risk measures, and performance rankings (''Lipper Leaders and Laggards''). Data will be available in multi-tiered turnkey systems and raw data feeds..."
SOURCE: © 1999 Zacks Investment Research Company Press Release Friday May 7, 8:01 am Eastern Time
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