Multex on fire...deal with AOL
Wednesday March 31, 12:16 pm Eastern Time
Company Press Release
America Online Names Multex.Com Its Exclusive Provider of Brokerage
Research On the AOL Service
Multex.Com to also be Featured on CompuServe, AOL UK, AOL Germany,
AOL Australia and AOL Canada's Website
DULLES, Va. and NEW YORK--(BUSINESS WIRE)--March 31, 1999-- Expanded Alliance Targets
Demand for Online Investing Information
America Online Inc. (NYSE:AOL - news), the world's leading interactive services company, and Multex.com (NASDAQ:MLTX -
news), a leading provider of online investment research services for individual and institutional investors, today announced that
Multex.com has been named the exclusive anchor tenant providing brokerage research for AOL's industry-leading Personal
Finance Channel, and is also featured on CompuServe, AOL UK, AOL Germany, AOL Australia, and will also have a presence on the
AOL Canada Website.
Multex.com first joined AOL's Personal Finance Channel as an anchor tenant in November, 1998, coinciding with the launch of
the Multex Investor Network (http://www.multexinvestor.com), an Internet service targeting the rapidly growing online
individual investor market. Since its launch, the Multex Investor Network's membership has grown to 235,000 members, many of
whom have come through the relationship with AOL.
Isaak Karaev, President and Chief Executive Officer of Multex.com said, ''America Online is an important channel for us as well as
the leading online resource for individual investors looking for comprehensive investment information. This agreement enhances
our ability to reach AOL's more than 16 million members and CompuServe's approximately 2 million members and also enables
us to expand our reach to key international and business markets. By providing AOL members with quick and convenient access
to brokerage and investment research reports from hundreds of leading full-service firms, we continue to set the standard as a
leading provider of brokerage and investment research to individual and institutional investors.''
''More and more individuals are taking control of their personal investments, and as recent research has shown that is surely due
to the fact that the interactive world has given them easy access to the kind of detailed, quality investment research that used to
be available only to financial professionals,'' said Jonathan Sacks, Senior Vice President and General Manager of the AOL service.
''AOL's Personal Finance Channel is the most popular personal finance destination in cyberspace, and great partners like
Multex.com have helped AOL to offer our millions of members the information and resources to make better informed decisions
about their investments and finances.''
The 1998 AOL/Roper Starch CyberStudy found that 89% of those who regularly or occasionally go online find researching stocks
easier than the traditional alternative.
Founded in 1985, America Online Inc., based in Dulles, is the world's leader in interactive services, Web brands, Internet
technologies, and E-commerce services. America Online Inc. operates: two worldwide Internet services, America Online, with
more than 16 million members, and CompuServe, with approximately 2 million members; several leading Internet brands
including ICQ and Digital City, Inc.; the Netscape Netcenter and AOL.com portals; and the Netscape Navigator and Communicator
browsers. Through its strategic alliance with Sun Microsystems, the Company develops and offers easy-to-deploy, end-to-end
e-commerce and enterprise solutions for companies operating in the Net Economy.
Multex.com is a leading provider of online investment research and information services designed to meet the needs of
individual and institutional investors, including investment banks, brokerage firms and corporations. Multex.com's services
enable timely online access to over 1,000,000 research reports and other investment information on over 15,000 companies
published by more than 400 investment banks, brokerage firms and third-party research providers worldwide. More than
600,000 individual investors, institutional investors and financial professionals, including mutual fund managers, portfolio
managers, brokers and their clients have access to Multex.com's services. For the individual investor market, Multex.com has
recently launched the Multex Investor Network, an Internet service targeting the rapidly growing online individual investor
market. |
