Monday November 9, 7:01 am Eastern Time
Company Press Release
NewsEdge Delivers The Power Of Real-Time News In A Browser
With breakthrough technology, Live 4.0 provides live scrolling news throughout businesses large and small
BURLINGTON, Mass.--(BUSINESS WIRE)--Nov. 9, 1998-- NewsEdge Corporation (Nasdaq:NEWZ - news), the leader in global news and current awareness solutions, today announced a product breakthrough that delivers streaming news feeds and business alerts through commonly available browser software. NewsEdge Live 4.0 breaches significant technology barriers to the delivery of real-time news, and, according to NewsEdge president and CEO Don McLagan, eliminates the previous tradeoffs between Web access and proprietary news feeds.
''Live 4.0 signals the democratization of the real-time news,'' said McLagan. ''Current awareness is no longer confined to Wall Street brokers and news reporters. Now business people throughout organizations of all sizes can be immediately alerted to breaking news that affects their jobs, through commonly available browsers.''
Used by the world's top financial, business and government organizations, NewsEdge Live integrates news and information from thousands of sources and delivers it in real time through a single, consolidated news solution. Individually personalized profiles allow users to track news on their own organization, customers, competitors, partners, suppliers, governments, local and global events and more. NewsEdge Live provides personalized alerting capabilities that can notify users when particular news breaks, allowing them to extract the highest value from the information. Powerful, full-text searching on the news by ticker symbol, key word or phrase, subject code or company name yields fast and accurate results.
''Delivering our high-end, sub-second news capabilities in a Web browser is a technical tour de force and a natural extension of our product leadership,'' said John Moss, vice president, development at NewsEdge Corporation. ''We are using the browsers that nearly everyone has on the desktop to deliver live news previously available only through proprietary client software. Now virtually anyone can have access to the most powerful news solution available anywhere.''
In addition, the new version of NewsEdge Live allows extensive customization of the user interface, including colors, fonts, alert banners and sounds, to help users track the breaking news that is most important to them. Ease of use combined with the familiar browser interface allow the product to be easily adopted across an entire organization. NewsEdge Live vastly simplifies administration by automating much of the activity that used to require a system administrator's intervention.
A Live 4.0 server can be located on site at the customer organization, or can be hosted by NewsEdge Corporation. This flexibility speeds deployment and reduces the cost of operation for organizations of all sizes. Live. 4.0 also supports Internet delivery of news resources, or distribution via leased-line systems, virtual private networks, or the Company's NewsEdge Network high availability delivery system.
Contact a NewsEdge representative for a free 30-day trial of NewsEdge's latest innovative offering, at 800-255-3343.
About NewsEdge Corporation
NewsEdge Corporation (Nasdaq:NEWZ - news) is a leader in global news and current awareness solutions for business. The Company's mission is to make news valuable for busy people at work. NewsEdge provides clients at approximately 1,250 organizations - including 78 of Business Week's 100 largest global companies (based on market capitalization) - with a powerful combination of customized, authoritative content; cutting-edge technology; editorial, value-added capabilities; and unparalleled client support and consulting services. NewsEdge helps business people find the most important, relevant stories from an overwhelming volume of daily news and enables them to act on the most current information possible. NewsEdge is headquartered in Burlington, Massachusetts with sales offices throughout North America, Europe and Japan. For more information about NewsEdge Corporation, visit the company's Web site at newsedge.com .
(c)NewsEdge Corporation, 1998, all rights reserved. NewsEdge is a registered trademark of NewsEdge Corporation. All other product or service marks mentioned herein are those of NewsEdge or their respective owners.
Certain of the above statements on the Company's future revenue and financial performance, are forward-looking statements that involve risks and uncertainties. Actual results could differ materially as a result of a variety of factors, including, risks associated with acquisitions, the timely development and acceptance of new products, competitive developments, the success of relationships with third parties, and other risk factors described from time to time in the Company's SEC reports.
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