ALEXANDRIA, Va., July 12, 2000 (PRIMEZONE) - COMTEX News Network, Inc. (OTCBB:CMTX) announced today it signed more than 230 sales contracts in Fiscal 2000, exceeding the record 131 reported in Fiscal 1999.
To reach this success, the COMTEX sales team closed 42 deals in the month of June, the last month of the Fiscal year. Debbie Ikins, COMTEX EVP said, "The pace continues to increase at COMTEX. Our sales team is the best in the business because they understand content, content applications and end-users. By effectively communicating the benefits of COMTEX' news, the sales team continues to push COMTEX to new levels of achievement."
"This has been a fantastic year for COMTEX," said Sheri Robey-Lapan, COMTEX VP of Marketing and Product Development. "This milestone highlights the great strides COMTEX has made this year to increase its distribution channels and brand COMTEX News Network, Inc. Our sales records show that the market accepts COMTEX as an excellent source of news. COMTEX' exceptional growth proves that we deliver the right products at the right time, maximizing revenues for both COMTEX and its publishing partners."
Recent new distribution channels, among others, include American Express, Asia Gateway, Bank of America, Deutsche Bank, Fresher Information, FundsXpress, Go2Net.com, General Search, GoInvest, iBolsa, iboost.com, and My Cities. A select client list can be found at http://www.comtexnews.net/client/default.htm.
About COMTEX News Network, Inc.
COMTEX News Network, Inc. (OTCBB:CMTX) is a dynamic business-to-business infomediary that aggregates and redistributes diverse real-time global news and information for the Internet, Wall Street and corporate reseller markets. Each day, COMTEX aggregates thousands of stories from over 1,400 global sources, selected from services such as Africa News Service, The Associated Press, Business Wire, Bridge Information Systems, Internet Wire, Knight Ridder/Tribune, Newsbytes, ON24, South American Business Information, The Sports Network, UPI and Xinhua, to create its subject-specific CustomWires(r), headline and vertical-market news products for distribution to over 750 companies throughout the world. Located in Alexandria, VA, COMTEX can be found on the World Wide Web at http://www.comtexnews.net.
Note: All product and company names may be trademarks or registered trademarks of their respective holders.
Except for the historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those contemplated herein, including the occurrence of unanticipated events or circumstances relating to the fact that COMTEX is in a highly competitive industry subject to rapid technological, product and price changes. Other factors include the possibility that demand for the company's products may not occur or continue at sufficient levels, changing global economic and competitive conditions, technological and other risks, costs and delays associated with the start-up and operation of major capital projects, changing governmental regulations and other risks and uncertainties, including those detailed in the company's filings with the Securities and Exchange Commission. COMTEX undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.