Non-Tech
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A.B. Watley (abwg) online broker
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| An SI Board Since September 1999 |
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A.B. Watley Group Inc. is the parent Company of A.B. Watley, Inc., a multifaceted, technological and service-oriented brokerage firm offering two proprietary online trading systems, UltimateTrader(TM) and WatleyTrader(TM), that provide realtime data feed and instantaneous execution for the most active segment of the online trading community. The A.B. Watley, Inc. Institutional Sales and Trading Division specializes in the execution of complex and sensitive large-block equity transactions for institutions, major investment managers, insurance companies, banks, and high net worth individuals. Under its former name, Internet Financial Services Inc., the Company completed its initial public offering of 2,300,000 shares of common stock on April 20, 1999. Its recent third quarter earnings reported a revenue growth of 148% and a 317% increase in trade volume.
news form 9/8/99 to help explain the company and there focus.
A.B. Watley to Provide Co-Branded Financial Content to Leading
Chinese <ABWG.O>
A.B. Watley to Provide Co-Branded Financial Content to Leading Chinese Financial WWW Portal YouCool.com NEW YORK--(BUSINESS WIRE)--Sept. 8, 1999--A.B. Watley Group Inc., (NASDAQ: ABWG) premier provider of trading services through its online brokerage firm A.B. Watley, Inc. (www.abwatley.com) announced today that they have signed an agreement with Chinese Cyber City's YouCool.com (www.YouCool.com) to provide financial content and a trade button on the YouCool (FN) home page (http://fn.youcool.com). YouCool FN is the premier Chinese language finance information channel focusing on Wall Street's hottest high tech sectors. Commenting on this alliance, Tony Huston, A.B. Watley Group Inc.'s Chief of WWW Development said, "A.B. Watley, having established itself as a firm that caters to the most active and sophisticated segment of the online investment community, is delighted to be able to extend its reach to the Asian marketplace. We are very pleased to be able to co-brand with such a high quality and strategically situated portal. YouCool FN serves as a main source of analysis and content for a very important market segment." You Cool FN has a strong base of readership from North America with an audience of avid investors who represent the well-educated segment as well as the more affluent segment of North America's ethnic Chinese population. "Currently, our FN attracts an average readership of over 60,000 distinct IPs per day. Through affiliations and content licensing, FN now claims a daily readership of over 10,000,000. Of our online audience, 93% have an annual household income of $50,000 (United States) or more and 78% have a college degree or better, which makes A.B. Watley a natural choice for us because their demographic is so similar", said Max Huang, President and CEO of YouCool.com. "More and more savvy Chinese investors are searching for the best service-oriented electronic trader. With A.B. Watley's network infrastructure and software application technology, we believe that they are the one worth recommending to our audience." Mr. Huang concluded. ABOUT A.B. WATLEY GROUP INC. A.B. Watley Group Inc. is the parent Company of A.B. Watley, Inc., a multifaceted, technological and service-oriented brokerage firm offering two proprietary online trading systems, UltimateTrader(TM) and WatleyTrader(TM), that provide realtime data feed and instantaneous execution for the most active segment of the online trading community. The A.B. Watley, Inc. Institutional Sales and Trading Division specializes in the execution of complex and sensitive large-block equity transactions for institutions, major investment managers, insurance companies, banks, and high net worth individuals. Under its former name, Internet Financial Services Inc., the Company completed its initial public offering of 2,300,000 shares of common stock on April 20, 1999. Its recent third quarter earnings reported a revenue growth of 148% and a 317% increase in trade volume. ABOUT CHINESE CYBER CITY Founded in 1995, Chinese Cyber City (www.youcool.com) is the premier Chinese language destination site focusing on high technology and investment contents. With its own media - SVJ (Silicon Valley Journal www.esvj.com) producing most of its unique content that incorporates vertical depth and internationalism, Chinese Cyber City has a significant worldwide on-line audience attracting over 950,000 unique visitors per month and growing. One of Chinese Cyber City's main investors is the Acer Group out of Taiwan. Among the notable content licensees include: Yahoo! Chinese, Microsoft Taiwan, China's state-run Xin-Hua News Agency, ChinaByte, Shanghai's Shin-Ming Evening News (daily circulation of over 1.5 million), etc. SAFE HARBOR STATEMENT Certain statements contained herein, including statements regarding the development of services and markets and future demand for services and other statements regarding matters that are not historical facts, are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995). Any number of conditions may occur which would materially affect important factors in this analysis and materially change expectations. These factors include, but are not limited to, customer trading activity, loss of one or more significant customers, change in technology, shifts in competitive patterns, ability to manage growth effectively, risks associated with acquisitions including integration risks, risks associated with strategic partnerships, various project-associated risks, substantial competition, general economic conditions, risks associated with intellectual property rights, risks associated with international operations and other risk factors listed from time to time in the A.B. Watley Group Inc.'s filings and reports with the Securities and Exchange Commission. --30--mjr/ny* jc CONTACT: A.B. Watley Group Inc. William Arnold 212/422-1664 ext 5825 warnoldabwatley.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com (c) 1998 Business Wire
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