FOR THE RECORD - Standard & Poor's Delivers Daily Investment Information to Customers Through MessageMedia
S&P's Market Mail Newsletter Subscriber Base Doubles in Less Than Two Months
BOULDER, Colo.--(BUSINESS WIRE)--April 13, 1999--MessageMedia Inc. (Nasdaq:MESG - news), the leading provider of email-based direct marketing and customer relationship management services, announced today that it now provides email messaging services for Standard & Poor's online investment information and advisory service, S&P Personal Wealth (http://personalwealth.com).
MessageMedia enables S&P Personal Wealth to quickly deliver critical investor information via email.
MessageMedia's robust email service allows Standard & Poor's to provide same day financial news, market and investment information directly to its subscribers -- in the first hour of stock market trading. The Market Mail newsletter, available in both text and graphically-enriched HTML formats, includes information such as market news and commentary, Standard & Poor's analyst upgrades and downgrades, investment recommendations and more.
''Individual investors now have an investment information tool that delivers prompt, usable, market intelligence,'' said Doug Dundas, Editor-in-Chief S&P Personal Wealth. ''Access to this kind of information is critical for our users, and we partnered with MessageMedia on this initiative because their industrial-strength service enables us to meet investors' needs now and in the future.''
''Email messaging has become a key strategic driver in the financial services industry that is enabling companies to significantly enhance online relationships with their customers,'' said Larry Jones, president of MessageMedia. ''We are delighted to be working with Standard & Poor's, helping them leverage email to provide timely investment information to subscribers, build online brand equity and enhance customer loyalty.''
About MessageMedia Inc.
MessageMedia (Nasdaq:MESG, formerly Nasdaq:MAIL) is the leading provider of email-based customer relationship management and direct marketing services. The Company offers a comprehensive suite of outsource messaging services for information delivery, permission-based direct marketing and ongoing customer communications using industry standard Internet protocols.
MessageMedia's customer portfolio includes clients from the financial services, publishing, direct marketing, retailing and electronic commerce industries. Clients include E-TRADE, USA Today, GeoCities, Intuit, CMP Media, Barclays Bank and Bertelsmann.
SOFTBANK and its affiliates own approximately 49 percent of the outstanding common stock of MessageMedia Inc. Pequot Capital Management, a Connecticut-based research-intensive investment firm with more than $5 billion in assets under management, is also a major investor in MessageMedia.
About S&P Personal Wealth
S&P Personal Wealth (http://personalwealth.com) is the award winning service created specifically for individual investors by Standard & Poor's. Investment management features include personalized stock and mutual fund recommendations; buy, sell, and hold alerts; free real-time quotes; live market commentary; and in-depth analysis and research on companies and funds from hundreds of Standard and Poor's analysts worldwide. S&P Personal Wealth was recently described as ''...easily the best one-stop shopping site for investors...'' by Money.com.
Standard and Poor's, a division of The McGraw-Hill Companies, is a major financial and investment content provider for the Internet and a leading global provider of information to institutional, corporate, municipal, global and consumer markets.
Founded in 1888, The McGraw-Hill Companies is a leading information services provider meeting worldwide needs in education, business, finance, the professions and government. Sales in 1997 were $3.5 billion.
''Safe Harbor'' Statement Under the Private Securities Litigation Reform Act. With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties. These risk factors include, but are not limited to, the integration of a new senior management team, the Company*s limited operating history, the integration of recent acquisitions, the anticipated fluctuations in operating results, the uncertain acceptance of new services being offered, and undeveloped and rapidly changing market. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. MessageMedia undertakes no 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.
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Contact:
MessageMedia Inc.
Beth Mayfield, 619/410-3759
investor@messagemedia.com
or
Standard & Poor's Consumer Markets
Mark Roth, 212/770-4752
mark_roth@mcgraw-hill.com
or
Edelman Public Relations Worldwide
Renee Schwager, 312/297-7430
renee_schwager@edelman.com
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