HOUSTON, Oct. 4, 2000 (PRIMEZONE) -- OTC News Network, Inc. announced today that the number of the page views on OTCNN.com -- an unbiased stock news site focusing on OTCBB listed companies at www.otcnn.com -- increased in September by more than 20% to 240,000. The number of first page visits grew by 29%. Since its launch in May, OTC News Network's average growth has been 60% per month.
"Our newest editorial additions, Morning Update, Mid-Day Market Watch and After Market Summary have all contributed to the increased user volumes. We have a loyal following that knows that we are the only major daily online news source focusing exclusively on providing unbiased daily news coverage on the OTCBB stock market. They log on several times a day to find out what's going on in the market, which stocks are moving and what are the most relevant news stories," says Sam Mele, president of the OTC News Network, Inc.
"We are very encouraged by the popularity of OTCNN. This growth has been financed on a cash-flow basis, and our investment has been minimal. Furthermore, a 60% average growth rate has been achieved in an extremely difficult market environment. The OTCBB stock market has taken a much bigger hit than NYSE, Amex and NASDAQ combined. The total monthly dollar volume in August was down 87% from March. Even though the majority of that collapse took place in April, OTCBB's total dollar volumes are still down 8% since May, when we launched our service. In other words, in the period when the overall market has gone down by 8%, our usage has gone up 573%," Mele describes.
Companies in today's top headlines on OTCNN included Tengtu International (OTCBB:TNTU), Netopia (Nasdaq: NTPA), Cisco Systems (Nasdaq:CSCO) and Enter Digital (OTCBB: EDNT).
About OTC News Network
OTCNN is the first major daily online news source focusing exclusively on providing unbiased daily news coverage of the Over-The-Counter Bulletin Board (OTCBB) stock market, the companies that trade there and the trends that affect them and their shareholders. The OTCBB is a market supported by the National Association of Securities Dealers (NASD), the organization behind NASDAQ. OTCNN's business model is not based on paid editorial content, making the news source similar to sites like CNBC.com (NYSE:GE) and (Nasdaq:NBCI) and TheStreet.com (Nasdaq:TSCM).
OTC News Network's business model is unique. Instead of relying on advertising revenues or paid content, OTC News Network provide a wide variety of professional services to publicly traded companies. For more information on OTC News Network, visit www.otcnn.com.
The sole source of this information is OTC News Network, which is a privately held company. The information is for media use only. This is not a recommendation to buy or sell securities of any publicly traded company mentioned in this press release.