To: scouser who wrote (455 ) 10/4/1999 8:58:00 AM From: Francois Goelo Respond to of 565
JagNotes.com and FreeRealTime.com Announce Strategic Alliance... IRVINE, Calif., Oct 4, 1999 (BUSINESS WIRE) -- FreeRealTime.com and JagNotes.com Sign Letter of Intent - Companies to Enter Into Revenue-sharing and Content-sharing Agreement FreeRealTime.com. Inc., (OTC BB:FRTI), a leading provider of online, real-time stock market quotes and financial services, and JagNotes.com, Inc., (OTC BB:JNOT), a leading worldwide Internet-based equities research and financial news service, Monday jointly announced the signing of a Letter of Intent to create a content- and revenue-sharing alliance. Under the terms of the co-branding and revenue-sharing agreement, JagNotes will provide FreeRealTime.com's 700,000+ registered members with a variety of co-branded, time-sensitive daily commentary from a number of well known Wall Street personalities. In turn, FreeRealTime.com will provide co-branded real-time stock quotes to JagNotes' subscriber base of professional and individual investors. Revenue will be generated from advertising on the co-branded pages for FreeRealTime.com quotes and for JagNotes commentary. Terms of the Letter of Intent also provide an opportunity for JagNotes and FreeRealTime.com to jointly market the JagNotes subscription service to registered members of the FreeRealTime.com community. JagNotes subscribers pay $9.95 per month or $99.95 per year for full access to www.JagNotes.com which features commentary on a wide range of market topics from JagNotes' roster of veteran market watchers. This agreement provides significant new revenue opportunities for both parties through revenue sharing from both advertising on the co-branded pages, as well as from revenues generated by the sale of new JagNotes subscriptions arising from joint promotions on the FreeRealTime.com Web site. "We believe the addition of real time stock quotes provides a significant decision-making advantage to our subscribers as well as providing a vehicle to expand our subscription base," said JagNotes.com President and CEO Gary Valinoti. "To our knowledge, this service enhancement makes us one of the only on-line investment-oriented Web sites offering unlimited access to real-time stock quotes and unparalleled depth and breadth of market commentary, which all adds up to a significant competitive advantage." "Our goals are very much aligned with those of JagNotes.com," commented FreeRealTime.com President and CEO, Brad Gunn. "Both companies strive to provide the individual investor the same opportunities to access information that has, in the past, been available only to large institutional and brokerage firms. JagNotes has been one of the most prominent sources for late-breaking news and expert commentary from inside the Wall Street community for years, and we are extremely pleased to be sharing the wisdom of their excellent team of commentators on a free basis to our members," said Gunn. "And in return, we are pleased to provide real time quotes to the financial community and individual investors that depend on JagNotes as their proven provider of decision-critical financial information. We will continue to expand the depth of our financial services by adding quality content to our FreeRealTime.com site that will assist our members to quickly and intelligently identify investment opportunities." About JagNotes.com JagNotes.com Inc. is a leading worldwide Internet-based equities research and financial news service, which provides its subscribers with diversified research and news products. Daily features include "Streetside with Dan Dorfman" and "JagNotes," the company's flagship early-morning consolidated research piece on stocks with newly issued research, analyst opinions, upgrades, downgrades, and coverage changes. 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 our 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 JagNotes.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. Neither JagNotes.com nor FreeRealTime.com undertakes any 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. Copyright (C) 1999 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: FreeRealTime.com Marty Tullio Investor Relation Resources 949/376-4458 marty@investorRR.com or JagNotes.com Public Relations Firm - Coffin Communications Mark Daugherty George Neil 818/789-0100