Tuesday May 25,Financial Intranet Signs Deal With Track Data to Offer Site Visitors Free
Real-Time Quotes
-Track Data's Real-time Quote Capabilities Will Permit FNTN.com Visitors
Access to Free, Real-Time Quotes from NASDAQ, NASDAQ OTCBB and the
NYSE at the Click of a Mouse-
ARDSLEY, N.Y.--(BUSINESS WIRE)--May 25, 1999-- Financial Intranet, Inc.,
(OTCBB:FNTN - news), the Internet's premier financial video-on-demand network, today
announced an agreement with Track Data (Nasdaq NMS:TRAC - news), to provide Financial
Internet Web site visitors access to free real-time quotes. The service is available for use over the
Financial Intranet network at www.fntn.com.
Under the agreement, Financial Intranet will produce and host product videos on Track Data's
popular online trading platform, My Track, which will be available on a demand basis through both
companies' Web sites. The company sites will be linked together to enable visitors to learn about
each other's powerful investment technology offerings as well as preview product videos.
Financial Intranet's on-demand audio and video financial information network links brokerage and
mutual fund industries and connects both to individual investors worldwide. Geographically dispersed
individuals can participate in live Web chats and message boards as well as obtain mutual fund
information, advanced charting and breaking news. FNTN provides visitors with a platform to
exchange real-time information with key business and financial specialists. FNTN offers
up-to-the-second global financial information as well as video conferencing, video-on-demand and
distance learning capabilities.
''Financial Intranet is excited to offer Track Data's real-time quote services,'' said Michael
Sheppard, President and Chief Operating Officer, Financial Intranet. ''FNTN.com's users will
benefit from having a centralized place at their fingertips to gather breaking information to make
educated investment decisions. By adding Track Data's superior quote technology to FNTN's
existing features, we've truly become a hub for news, quotes, chat, charting and much more.''
Barry Hertz, Track Data's Chairman and CEO, commented, ''We are very pleased to commence
this relationship with Financial Intranet. This association furthers our marketing goal to reach the
individual investor through strategic relationships with large financial information Web sites.''
About Financial Intranet
Based in Ardsley, N.Y, Financial Intranet, Inc., (FNTN) is the financial community's premier
secured Intranet connection for the delivery of video-on-demand learning services, interactive video
teleconferencing, mutual fund product information and timely data, news and analysis. Financial
Intranet's unique online network provides a pipeline for the delivery of up-to-the-second-financial
information. FNTN's alliances include Siemens Group of Companies, Frontier Communications,
UUNET (A Worldcom Group), Standard & Poor's ComStock and Track Data. To obtain free,
real-time quotes or additional information about Financial Intranet, please visit our Web site at
fntn.com.
About Track Data Corporation
Track Data (Nasdaq-NMS:TRAC - news) provides real-time financial market data, news,
fundamental research, charting and analytical services to institutional and individual investors through
dedicated telecommunication lines and the Internet. On April 12, 1999, the Company began to offer
on-line trading through its myTrack Internet-based personal investment service. myTrack is an
Internet-based software application that is not restricted by the limitations of an HTML
browser-based static system offered by virtually all of its well-known competitors such as E*Trade
(Nasdaq:EGRP - news), Schwab (NYSE:SCH - news) and Ameritrade (Nasdaq:AMTD - news).
myTrack delivers a continuous dynamic stream of live market data and investors' real-time online
trading activity. The system is always connected and is an order of magnitude faster than competing
browser-based systems. Download myTrack software at mytrack.com or call
1.800.myTrack. Additional information may be obtained by contacting Cindy Belmore, Investor
Relations, at 718.522.7373 or by e-mail: cindy_belmore@tdc.com or by visiting Track Data's Web
site at tdc.com.
This release contains forward-looking statements within the meaning of Section 27a of the Securities
Act of 1995, as amended, and section 21e of the Securities Exchange Act of 1934, as amended.
Those statements include the intent, belief or current expectations of the company and its
management team. Prospective investors are cautioned that any such forward-looking statements are
not guarantees of future performance and involve risks and uncertainties, and that actual results may
differ materially from those projected in the forward-looking statements as a result of various factors.
Contact:
Financial Intranet, Ardsley
Michael Sheppard, COO, 914/693-5060
Fax: 914/693-5059
E-mail: msheppard@fntn.com
or
Grand New Media, New York
Cheri Grand-Anderman, Media Relations, 212/462-4905
Fax: 212/462-4703
E-mail: grand29@aol.com |
