ALEXANDRIA, Va., July 19, 2000 (PRIMEZONE) - COMTEX News Network, Inc., (OTCBB:CMTX) announced today it will enhance its content offering by including World Media Abstracts (WMA), from FT.com Information Services, for delivery to its growing network of distributors.
A daily stream of news from FT.com Information Services will deliver an even richer content offering and significantly enhance COMTEX' products and services. Specifically, COMTEX will aggregate European Business News, UK Business News and Wall Street Journal Abstracts.
"Adding robust content from FT.com Information Services, a well-known international publisher, is a significant acquisition for COMTEX," said Charles Terry, COMTEX News Network, Inc. President and CEO. "Our customers will now be able to make WMA's world class reporting and abstracts from The Wall Street Journal available to their end-users."
"Partnering with COMTEX introduces FT World Media Abstracts to new audiences through COMTEX vast distribution network," said Adrian Clarke, director of FT.com Information Services. "Now business professionals will have the flexibility of accessing our news and information from various web sites and applications."
FT.COM INFORMATION SERVICES is one of the world's most respected suppliers of online information, providing authoritative business news and information to business professionals across the globe. It comprises the Financial Times newspaper electronic version, Asia Intelligence Wire (AIW), China Intelligence Wire (CIW), Europe Intelligence Wire (EIW), FT World Media Abstracts (WMA), and the Business Research Centre. FT.com Information Services is part of Pearson plc, the international media group.
FT.COM (http://www.ft.com) is the world's leading business information portal, and the internet partner of the Financial Times. It combines agenda-setting editorial content with comment and analysis, relevant financial data, discussion groups, unique dossiers on key business people and a range of tools to search the web, manage a working day and seek out leisure opportunities. FT.com's 1.2 million unique monthly users generate more than 28 million monthly page views, delivering a premium audience to advertisers.
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.