QuoteMedia, Inc. (QMCI.OB), a financial social networking community with access to free stock trading, announced a two-year agreement to provide streaming real-time portfolio management along with comprehensive financial market data and research information to Zecco Trading, a wholly owned subsidiary of Zecco Holdings.
Under this new partnership, QuoteMedia will provide streaming real-time portfolio management solutions, including the company’s newly launched Quotestream™ II, packaged with advanced charting technology, stock screening and in-depth market data, for Zecco Trading’s rapidly growing customer base. Zecco Holdings, one of the fastest growing online investing and trading communities online, was launched on October 9th, 2006 and received huge publicity for offering its clients free stock trading.
Under the terms of this agreement, QuoteMedia’s applications will provide Zecco Trading customers up-to-the-second market data and research information to assist them in identifying great investment opportunities. This partnership is a significant opportunity for QuoteMedia by exposing the company to rapid growth that Zecco Trading is experiencing with their innovative financial community and alternative online trading solutions.
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QuoteMedia Inc.’s (QMCI.OB) Latest Financial Tool Offers the Most in Portfolio Management
QuoteMedia Inc. (OTCBB: QMCI) develops and distributes financial market data and related services via the Internet, including streaming market data feeds, research and analysis, portfolio management, content applications, news services and more. The company’s latest streaming real-time portfolio management tool, Quotestream II, is an application targeted at non-professionals wishing to get a heads up in the market.
The system’s java application was designed for banks, brokerage firms, and online portals wanting to offer their customers market data and full-featured portfolio management, including tick-by-tick market data with an extensive customizable interface.
Quotestream II requires no software installation, and allows for complete access from anywhere in the world. It is also user friendly, displaying configurable layouts and screen displays. The system can be integrated into a company’s existing database structure or corporate Web site, allowing for a “brandable” streaming application.
QuoteMedia’s latest product includes portfolio management for 1 to 52 symbols, and market information spanning both North American and international indices. It offers historical and intraday charting, and access to recent news and filings from news sources such as PR Newswire, Business Wire and more.
Among many other features, Quotestream II displays real-time market movers for all North American Exchanges, filtered by top dollar, percent gainers and losers, or volume leaders.
QuoteMedia, Inc. (QMCI.OB) Reports 49% Increase in Revenue for 2007
QuoteMedia, Inc., a leading provider of market data and financial applications, released its financial results for the fiscal year ended December 31, 2007 which reflects a 49% increase in revenue. The Company reported $5,569,107 in revenues versus $3,742,534 in 2006. They also showed a 19% increase in deferred revenue for payments received in advance from customers. The deferred revenue will be recognized as revenue in future quarters when the services are performed, according to the company.
In view of the company’s revenue increase, Robert J. Thompson, Chairman of the Board of QuoteMedia, Inc stated, “In 2008, we already have sales under contract of approximately $6,800,000 on an annualized basis. This only accounts for revenue we will realize in 2008 from currently committed contracts. Based on these existing committed contracts, as well as contracts in active negotiation, we expect our revenues to continue to expand significantly in the coming year.”
He continued by saying, “2007 was a year of unparalleled expansion for QuoteMedia. The company experienced major growth in data and market coverage, technological capability and product development, business development, and personnel.”
To note a few of those expansions, the company: completed the development of QuotestreamTM Professional, the company’s new streaming portfolio management solution designed specifically for use by financial services professionals; experienced incredible business growth through the acquisition of scores of new clients; opened offices in Toronto and New York; and hired respected industry veterans Paul Pryde and George Katsch to lead the new offices.
As QuoteMedia grows and expand into several major new markets, Thompson is expecting that “these investments will support significantly increased revenues and profitability.”
QuoteMedia, Inc. (QMCI.OB) Delivers a Portal of Market Information in a Hand-Held Wireless Device
QuoteMedia(OTCBB: QMCI) offers a variety of services designed to benefit clients with access to financial data, news and research sources. The company offers products for professional and individual investors to keep them on top of every aspect of market activity.
Quotestream Wireless is a J2ME application, delivering comprehensive portfolio management and a variety of financial information and services such as NASDAQ level 2, market indices, intraday and historical charts, detailed quotes, company news, research and more. The platform features a portfolio management tool, allowing the user access to all their stocks, funds and options in real-time. Up to 10 portfolios or watchlists of up to 52 symbols can be monitored.
The device also features historical charting, Level II data and intraday charting, historical charting, time and sales monitoring, detailed quotes, market indices information, portfolio news, market news, top news stories and headlines, foreign exchange monitoring abilities, symbol lookup, U.S. and Canadian data, market movers (actives, gainers and losers), portfolio editing, stock alerts and customizable settings.
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