QuoteMedia, Inc. (QMCI.OB), a financial networking community offering a host of real time market data and portfolio services, just announced a two-year agreement to provide streaming real-time data, portfolio management, along with historical financial market data and research to Zecco Trading, which is a wholly owned subsidiary of Zecco Holdings. Zecco is a fast growing online investing community that made lots of media waves by offering its clients free stock trading.
Under the terms of this agreement, QuoteMedia will be the provider of a wide array of market data, portfolio management, stock screening, and charting, for a period of two years, allowing Zecco clients access to the broadest collection of market information yet available. While this is indeed good news, it’s not impossible to imagine that some investors have missed the importance of this particular agreement.
Zecco has made quite a splash recently in the trading world, offering their clients free trading and getting a lion’s share of publicity over it. However, QuoteMedia reaps the benefits of two important items here. First is the monetary agreement between Zecco and QuoteMedia, and that’s what most investors will focus on. But one may beg to differ that this is actually the most important aspect of this pact. Certainly it’s nice to get paid, but because Zecco does generate such large media exposure over their unique business model, Quotemedia gets to ride the wave of media attention and marketing, without spending any money.
The aspect of growth is directly tied to the number of people that are exposed to your business. For lack of a better example, the old adage of “if they don’t know you exist, they can’t buy your product” comes to mind. With this particular agreement, Quotemedia will reap the benefit of having much wider market exposure, by simply delivering their products to Zecco’s clients.
Any time a company can get free publicity and exposure, while at the same time being compensated for providing its services, it is doing “something right” and QuoteMedia is doing it all right with this latest business pact. It’s not a stretch of the imagination to think that in virtually no time, many thousands more people will have been exposed to QuoteMedia’s wide array of products, and services, and this is what growth is all about. Exposure at Zecco will lead to more agreements, supply pacts and revenue from other financial institutions. It’s certainly good business and something to keep an eye on.
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QuoteMedia Inc. (QMCI.OB) Offers Plethora of Market Information and Solutions Accessible to Desktop, Handheld Devices and More
QuoteMedia Inc. (OTCBB: QMCI) offers a variety of services designed to benefit its customers through a collaboration of financial data, news and research sources. The company has created a business model that harnesses, manages and delivers information regarding major U.S. exchanges, as well as those in Canada and Europe.
QuoteMedia offers quote data for all major North American markets, including common stock, preferred stock, options and warrants, futures, commodities, currencies, mutual funds, ETS, rates and more. Historical data is available for all North American equities and international markets, mutual funds, options, futures and commodity exchanges.
The company has taken the legwork out of research and analysis by offering one single source for an array of investment research, including fundamental and financial information, as well as research from the industry’s leading experts. QuoteMedia provides news and filings for North American equities, whether it is company based, topic based, sector based, or headlines and commentary from major press outlets and news services.
Quotestream Professional is the company’s most advanced market data and technical analysis solution designed for Investment Professionals. Quotestream II, a comprehensive and cost effective real-time portfolio management tool, is one step up from the company’s original Quotestream. Finally, Quotestream wireless allows market data to be accessed through hand-held mobile devices.
Market Information Delivered with the Lowest Latencies, Direct from Exchanges around the World with QuoteMedia, Inc.’s (QMCI.OB) Data Feed Technology
In order to turn profits, today’s traders must be able to react swiftly to changing market conditions. QuoteMedia’s Data Feed technology is central to bringing these traders the information they need in the timeliest manner. Real-Time market information is aggregated, managed and streamed from exchanges around the world, giving investors the edge they need to trade effectively in today’s markets.
The company offers the same technology to companies whether they use it in their own applications or opt for third party software, providing companies with the fastest, most reliable and most accurate financial information from exchanges across America and ECNs. This technology gives investors a true competitive advantage in the marketplace by providing them with the lowest latency Data in the Marketplace.
Companies using their product have nothing but positive things to say. Director and Head of ScotMcLeod Direct Investing, Marianne Hasold-Schilter had this to say about their Data Feed technology, “We’re excited to introduce this market-leading capability to our clients. Providing real-time financial information and portfolio management with integrated trade execution, demonstrates our commitment to helping our clients meet their goals. We conducted extensive research to find the most advanced and complete solution that could be fully integrated with our trading platform. QuoteMedia’s technology provides the best solutions to our clients’ needs.”
QuoteMedia Inc. provides financial stock market data, market news feeds, market research information and financial software solutions to online brokers, clearing firms, banks, financial service companies, media corporations and public companies. They employ 35 people and are located in Fountain Hills, Arizona. CEO Robert J. Thompson, who has over 40 years of related business experience, runs the company.
The Company operates within the technology sector and competes in the Internet Software and Services industry. Within this industry, QuoteMedia currently divides its products into three main categories: data feed services, interactive content and data applications, and portfolio management systems.
QuoteMedia, Inc. (QMCI.OB) Announces Substantial Gain in Revenue for Fiscal Year 2007
QuoteMedia, Inc. (QMCI.OB) recently announced a 49 percent increase in revenue for the fiscal year ending December 31, 2007. In 2006, it reported revenue of $3,742,534, while 2007 results equaled $5,569,107. Deferred revenue, which represents customer payments received in advance that will be recognized as revenue once services are rendered, had a reported increase of 19 percent in comparison to the previous fiscal year. 2007 deferred revenue was reported at $433,630, while 2006 reported results of $363,785.
Robert Thompson, Chairman of the Board of QuoteMedia, reported, “We added trading data from over 40 international exchanges, as well as corresponding supplemental data, to our product lines; and vastly increased our coverage of North American markets with the addition of a broad array of research information and data including corporate actions and dividends, earnings estimates, analyst ratings, and IPO information. We also greatly expanded our news coverage adding several press wires, as well as concluding agreements with several premium news providers, such as Dow Jones News Service, TSX/CP Equities News, Market News Publishing and StockWatch News, for the inclusion of their professional level content into our Quotestream Professional product.”
Technological and product development played a key role in 2007. The completion of the company’s streaming portfolio management solution, Quotestream Professional, designed for financial services professionals, provided a significant technological achievement. The Company developed the system in response to the market demand for a high quality, cost-effective alternative to other available products.
Thompson also reported, “QuoteMedia experienced incredible business growth in 2007, both through the acquisition of scores of new clients, including such notables as Zecco Trading, Inc., Motorola, H.D. Vest Financial Services (a non-bank subsidiary of Wells Fargo & Company), Broadridge Financial Solutions, Interactive Investor (UK), International Private Banking Systems, MarketWire and CNW Group, and by growing our existing relationships with existing clients such as the NASDAQ Stock Market, Dow Jones, JPMorgan Chase & Co. and Nexa Technologies.”
In 2007, QuoteMedia opened offices in Toronto and New York. Paul Pryde leads the Toronto office and brings over 25 years of experience in the financial services industry. Pryde previously served as Senior Vice President and Regional Director for Thomson Financial Canada, and has held senior management positions with Start Data Systems and Dow Jones Telerate Canada. George Katsch leads the New York office and brings over 15 years of industry experience. Katsch previously served as Vice President of Sales for FinancialContent, Inc., and held management positions with Standard and Poor’s and Interactive Data Corporation (Comstock).
For 2008, QuoteMedia has estimated sales under contract of $6.8 million. This figure represents revenue only for committed contracts, although the company continues to actively negotiate contracts which would result in additional 2008 sales.
“The fourth quarter of 2007 was characterized by strong revenue growth. Based on management indicators, 2008 is expected to be a banner year as this trend continues. While our plans for the first half of 2008 contemplate continuing expenditures which will substantially complete our refinements of the Quotestream Professional product and Quotestream II for non-professionals, we expect to end the coming year showing major strengthening of our bottom line results and our cash balances.
“In 2008, QuoteMedia will continue to expand and energetically market its line of Financial Data Provisions. As in years past, increased sales of our online content products will be important, as is increased uptake of our Quotestream line of portfolio management and Wireless solutions by individual and enterprise customers. We will be bringing particular focus, however, to aggressively entering the Investment Professional market with Quotestream Professional. Additionally, continuing our strong movement into the Data Feed Market will be a priority. We expect major growth in 2008, and we are very excited.”
QuoteMedia, Inc.’s (QMCI.OB) QuoteStream II™ Service is a Cut above the Rest
QuoteMedia is arguably the most recognized name when it comes to streaming online market data. If you are an avid investor, chances are, you use the Internet to obtain crucial information regarding the status of your portfolio. QuoteMedia has officially launched the second installment of its popular QuoteStream™ platform, which provides investors with tick-by-tick market data at blistering speeds.
While several improvements have been made to the system, QuoteStream II™ carries with it all of the functions that users have come to regard as the best in the business. An ingenious tool for webmasters, QuoteStream II™ offers unprecedented integration into the fiber of any new or existing site. Absolutely every aspect of the visitor’s experience can be carefully controlled by the account holder, from configurable page layouts, to command over content.
For the individual, QuoteMedia continues to provide the web’s most intuitive interface available with snap quotes, historical and intraday charting, real-time news, filings, and much more. Seasoned investors will appreciate the Level 2 Market Depth, available for both domestic and international exchanges.
All of this comes at an affordable price, for a service that literally pays for itself. QuoteMedia continues to lead the pack in terms of invaluable investor tools, and has outdone itself once again with the new-and-improved QuoteStream II™ portfolio management system.
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