Business Services Industry
INVESTools.com Tops 100,000 Users, Adds New Sources to Leading Advisory Service
Business Wire, Dec 17, 1997
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Dec. 17, 1997--INVESTools Inc., a leading online provider of independent investment research and advisory information for the individual investor, today announced the addition of four respected investment newsletters to its resources available on the INVESTools web site (www.investools.com).
With the four new publications, the number of advisory services on INVESTools now totals 30. In addition, INVESTools has announced that the number of registered users has tripled in one year to more than 100,000.
The resources include:
-- The Chartist (Seal Beach, Calif.) is rated No. 2 in both total returns and risk adjusted returns over the past 15 years as reported by the Hulbert Financial Digest, the leading independent newsletter monitor. Editor Dan Sullivan has successfully deployed his relative strength methodology for 27 years, enhancing his readers' stock market profits in both bull and bear markets.
-- The Chartist Mutual Fund Timer, also edited by Dan Sullivan, uses his proprietary timing models to measure the risk in the markets and recommends mutual funds.
-- Vickers Weekly Insider (Huntington, N.Y.) is a weekly report which lists all of the insider trading activity for each stock. The report also includes: Commentary highlighting stocks of interest and current market issues; the Insider Company Index -- a stock ranking based upon analysis of each company's insider trades; and the 25 Stocks Most Actively Sold by their insider.
-- The Option Advisor (Cincinnati) is the nation's largest circulation options trading newsletter. Editor Bernard Schaeffer provides clear and concise recommendations with specific puts and calls at exact buy and sell prices.
"Investment advisory newsletters have long been a valuable source of investment strategy for individuals and they are now available more conveniently on the Web," said Laird Foshay, president and founder of INVESTools Inc. "INVESTools' rapid growth in users and advisory content sources demonstrates how investors are now turning to the Web, not just for cheap trades and quotes, but for more valuable long term investing advice too."
According to Forrester Research (Cambridge, Mass., 8/97), the number of online investor accounts is expected to swell to 14.4 million in 2002. INVESTools' advisory publications and research help investors make profitable decisions, which is a natural complement to low-cost brokerage and data sources on the Web.
About INVESTools Inc.
Headquartered in Redwood City, INVESTools Inc. (formerly Tabula Interactive) was founded in 1994 to meet the needs of the rapidly growing number of individual investors who want quick on-line access to self-service, high-quality investment advice at an affordable price. INVESTools.com has been ranked by Barron's as one of the top 10 investor websites (10/27/97).
INVESTools Inc. is the developer of the INVESTools Internet service (www.investools.com), offering independent financial research, Wall Street research, advisory services to the individual investor. With more than 150 nationally recognized publications and data sources available on its web site, INVESTools provides the most complete selection of brand name online resources and the most flexible purchasing options. Since the service began in late 1995, INVESTools has registered over 100,000 users and currently displays more than one and a half million pages per month. -0-
Note to Editors: INVESTools is a registered trademark and the INVESTools logo is a trademark of INVESTools Inc. All other companies or products are registered trademarks of their respective holders and thereby acknowledged.
CONTACT: Grapevine Communication
Natalie Barreiro, 650/363-9204
or
INVESTools Inc.
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