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Technology Stocks : Data Broadcasting Corp. (DBCC) -- Ignore unavailable to you. Want to Upgrade?

To: esecurities(tm) who wrote (4805)	5/3/1999 11:29:00 AM
From: esecurities(tm)	Read Replies (3) \| Respond to of 5102

INTERNET--(esecurities.W)--May 3, 1999 - DBCC [Formally] Announces eSignal; IFN Secures $10M. Data Broadcasting Launches eSignal - Most Powerful Internet-Delivered Real-Time Quote Service HAYWARD, Calif., May 3 /PRNewswire/ -- On the heels of the stock market's explosion in online trading, Data Broadcasting Corporation (Nasdaq: DBCC - news) responds with the launch today of eSignal, the most powerful Internet- delivered real-time quote service. DBC has introduced a system capable of meeting the extraordinary information and trading needs of the most demanding, active investors. The service boasts full coverage of U.S. markets, international, futures and Canadian exchanges. ''eSignal is a must-have complement for investors who have embraced online trading. With market volumes exceeding two billion shares per day and 10 million traders expected to be trading online within the next several years, there is an immediate need for a trading tool as advanced as eSignal,'' said Mark F. Imperiale, Data Broadcasting's president and chief operating officer. ''eSignal puts news, quotes, fundamentals, historical data, charting, portfolio management, research and trading all a mouse click away for our customers..." SOURCE: &copy 1999 Monday May 3, 8:15 am Eastern Time Company Press Release biz.yahoo.com IFN Secures $10 Million Private Placement; Proceeds to Fund Accelerating Sales, Product Development, and Acquisition Programs NEW YORK, May 3 /PRNewswire/ -- Internet Financial Network (IFN) announced today that it has closed a $10 million private equity financing that was arranged by the Trump Group and provided by its affiliates. This investment adds to previous rounds of funding provided principally by the Travelers Insurance Company (CitiGroup (NYSE: C - news)) and Data Broadcasting Corporation (Nasdaq: DBCC - news). IFN will use the proceeds primarily to expand technical, sales and service resources in both its Florida and New York locations and to support the continuing rollout of the company's InfoGate(TM) business and information platform. In addition, IFN will accelerate its content partnership program, development activities and acquisition plans. ''We are delighted to have closed this substantial round of financing'', said Clifford T. Boro, Chairman and CEO. ''This positions us to rapidly achieve our business goals and pursue other strategic product development and acquisition opportunities. Howard Berk representing the Trump Group will be a valuable addition to our board.'' Jack Rivkin, Senior Vice President of the Travelers Investment Group and a Director of IFN said, ''We are very pleased with this additional funding for IFN arranged through Jules and Eddie Trump. The addition of this new investment partner contributes significantly to IFN's ability to position itself within the market for valuable financial and business information..." SOURCE: &copy 1999 Monday May 3, 10:00 am Eastern Time Company Press Release biz.yahoo.com