Tuesday July 14, 7:30 am Eastern Time
DALLAS and TORONTO, July 14 /PRNewswire/
WavePhore Newscast and Infomart Dialog Sign Strategic Partnership for Canadian Market
-- WavePhore, Inc. (Nasdaq: WAVO - news), through its business unit WavePhore Newscast, today announced a strategic partnership with Infomart Dialog Limited, to launch a co-branded business information service to serve corporations in the Canadian market. The new service, Newscast Canada, is scheduled to debut in the third quarter of 1998.
The partnership aligns the strengths of two prominent players in the information industry. Infomart Dialog is Canada's leading independent news and information organization with more than 1,000 media, government, business and financial organizations using its electronic information services. WavePhore Newscast is the fastest growing provider of mission-critical business information, recording over 300% growth in 1997. Currently, WavePhore Newscast delivers customized business news and information to corporate users throughout the world via the Internet, Intranets and extranets.
Under the terms of the agreement, Infomart Dialog will provide sales expertise in the promotion and soliciting of the new service, Newscast Canada. Newscast Canada will provide Canadian clients with daily, direct media monitoring feeds as well as prominent and critical Canadian content, offered via Infomart Dialog. The basic package will be customized for the Canadian market and will contain Canadian news and stock market information. Infomart Dialog, which maintains a direct sales force throughout Canada, will be responsible for all sales and marketing activities associated with Newscast Canada. WavePhore Newscast will host and manage the service through its state-of-the-art NewsCenter in Dallas, Texas.
''By combining Infomart Dialog's unique content and local market knowledge with WavePhore's leading online business information platform, Newscast Canada is an ideal partnership for WavePhore and a key part of our growth strategy,'' explains David Deeds, Chairman, CEO and President of WavePhore Inc.
''The partners in this relationship have both brought different, but equally important qualities to this relationship. Infomart Dialog Limited offers a powerful roster of daily Canadian content from respected and reputable sources, in full-text format. WavePhore offers a capable and strong technology, as well as strength in content from U.S. and other international sources,'' said Greg Hood, Vice President & General Manager of Infomart Dialog Limited. ''The resulting partnership offers a compliment of quality information deliverable as an enterprise-wide current awareness solution to Canadian organizations, regardless of size. This solution is available in a product which is tailored, through premium sources and technology, exclusively to the Canadian market.''
Newscast Today is the Web's premier business infosource designed for enterprise-wide use. Accessed from the World Wide Web or integrated into intranets and extranets, Newscast Today delivers business news gathered from more than 4,500 publishing, broadcasting, financial and government data sources, to corporate users worldwide. Real-time profiling filters enable each subscribing company and individual user to create a customized information stream, personalized stock portfolios, up-to-the-minute company dossiers, and automatic links between incoming news and internal information stored on corporate intranets and extranets.
WavePhore's Newscast NewsCenter gathers and filters in real-time more than 80,000 articles, reports, financial documents, as well as audio and video transcripts each day from newswires, newspapers, business publications, broadcasters, financial data providers, government organizations and regulatory authorities. This patented Web-based NewsCenter hosts millions of pieces of information and thousands of personal information filters providing real-time access from anywhere in the world.
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