To: LANCE B who wrote (2630 ) 10/5/1999 4:40:00 PM From: Tom Allinder Respond to of 2942
I know QMCI is out of many people's price range ($3) but see this: BELLEVUE, Wash., Sep 29, 1999 (BUSINESS WIRE) -- QuoteMedia.com Inc. (OTC BB: QMCI) (the "Company") announces that it has closed the first tranche ($700,000) of its equity offering. The Company expects to close the second tranche ($700,000) by October 8, 1999. QuoteMedia is a leading-edge software developer of financial content engines, financial analytical tools, and on-line trading services, which targets large web portals and select financial industry sectors. "QuoteMedia will provide its customers with the most comprehensive, user-friendly access to financial and stock market information currently available on the web while also providing 100% turnkey on-line trading capabilities," says Keith Guelpa, CEO. "The Company believes if large portals offer best-of-breed services to their users, these users will stay within their sites for much longer periods of time as there is no need to go to other sites for financial information, thereby creating user loyalty." Mr. Guelpa went on to say: "Financial and stock market information is fast becoming one of the main reasons for using the Internet. QuoteMedia intends to become a leader in financial content engines, financial analytical tools, and on-line trading services in order to exploit this exploding opportunity on the web, thereby maximizing shareholder value." The Company is currently negotiating with two large Portals to license QuoteMedia's products, and expects to conclude these negotiations by early October. Shareholders are cautioned that while these negotiations are progressing, nothing has been finalized to date. "This fall Internet users will experience what we believe is the ULTIMATE FINANCIAL PORTAL(TM). QuoteMedia.com will provide users with a wide array of comprehensive financial and stock market data, research, and other topical media content all within their browser," says Keith Guelpa, CEO. The list of content and features is extremely extensive, and includes branded analytical tools & applications, sophisticated charting modules, sophisticated on-line trading systems and more. R. Keith Guelpa, CEO CERTAIN INFORMATION INCLUDED IN THIS COMMUNICATION CONTAINS STATEMENTS THAT ARE FORWARD-LOOKING, SUCH AS STATEMENTS RELATING TO THE FUTURE ANTICIPATED DIRECTION OF THE INTERNET INDUSTRY, PLANS FOR FUTURE EXPANSION, VARIOUS BUSINESS DEVELOPMENT ACTIVITIES, PLANNED CAPITAL EXPENDITURES, FUTURE FUNDING RESOURCES, ANTICIPATED GROWTH AND POTENTIAL CONTRACTS. THESE FORWARD-LOOKING STATEMENTS ARE SUBJECT TO A NUMBER OF KNOWN AND UNKNOWN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL OPERATIONS OR RESULTS TO DIFFER MATERIALLY FROM THOSE ANTICIPATED. Quick Facts Symbol OTC BB: QMCI Issued & Out 15,259,460 Public Float 1.848 million (approx.) Current Range US$2.53-$2.62 (Sept. 28, 1999) Market Cap US$36.6 million (Sept. 28, 1999) Tom