Business Services Industry
Wall Street Strategies Announces Strategic Alliance With CyBerCorp, A Subsidiary Of Charles Schwab
Business Wire, July 21, 2000
Business Editors
NEW YORK--(BUSINESS WIRE)--July 21, 2000
Related Results
Wall Street Strategies Corp. (OTCBB: WSST), a leading provider of independent stock market research, announces that it has entered into a strategic alliance with CyBerCorp.com, a subsidiary of the Charles Schwab Corporation. The alliance consists of a joint marketing agreement in which CyBerCorp customers will have access to Wall Street Strategies' entire suite of research products on a co-branded and subscription basis. The agreement also includes provisions for joint marketing initiatives such as a co-branded web site, seminars and mailings. CyBerCorp customers will now have access to the same Wall Street Strategies equity advice, through a co-branded web site, that has guided market professionals for over a decade. Wall Street Strategies unique brand of research is specifically designed to identify explosive opportunities in volatile markets. Wall Street Strategies is now marketing its services to the online trading community, a demographic group that is poised for rapid growth as the trend for self-directed investing continues. Additionally, Wall Street Strategies' subscribers will have online access to CyBerCorp trading technology through a direct link on WStreet.com's home page. WStreet.com (http://www.wstreet.com) is an Internet destination for independent stock market research.
This agreement is significant because of CyBerCorp's leading position in online trading. CyBerCorp is a next generation trading technology and electronic brokerage group focusing on empowering the individual trader. CyBerCorp.com's clients benefit from intelligent order routing which hunts & seeks, attempting to deliver the best execution available, access to all market makers and ECNs, and real-time Level II market data. Trading volume for CyBerCorp increased by 82% in the first quarter of 2000 compared to the previous quarter. Charles Schwab acquired CyBerCorp for $488 million in March 2000.
"We are pleased to have an opportunity to provide CyBerCorp traders with Wall Street Strategies research," said Shawn Baldwin, Chief Strategy Officer of Wall Street Strategies. "This alliance makes perfect sense and is part of our overall effort to get our brand on the desktops of active traders through developing relationships with the industry's major players. CyBerCorp's sophisticated trading platform is ideal for investors seeking to capitalize on Wall Street Strategies research, which is specifically designed to identify targets of opportunity in today's highly volatile stock market. It is imperative that subscribers utilizing our research take action in a timely manner and have the capability to access the markets. CyBerCorp provides that access directly through its leading edge technology. Wall Street Strategies will gain increased exposure to CyBerCorp's rapidly growing customer base of active traders and the online trading community, a market segment that we've identified as key to our growth. Alliances such as this one are an effective means for us to gain wide access to clearly defined markets and are an integral part of our expansion strategy going forward. We are thrilled that we've been selected as a research provider to CyBerCorp and look forward to helping their customers become successful and profitable traders."
About CyBerCorp
Founded in December 1995, CyBerCorp, Inc. is an electronic trading technology and brokerage services group that designs and develops state-of-the art electronic trading software for active traders. CyBerCorp.com is the retail online traders division of CyBerBroker, Inc., a wholly owned subsidiary of CyBerCorp, Inc., a member of NASD, SIPC. As of March 1st, CyBerCorp became a wholly owned subsidiary of The Charles Schwab Corporation (NYSE: SCH).
About Wall Street Strategies Corp.
Wall Street Strategies Corp. (OTC BB: WSST) is an independent stock market research company providing timely, effective equity advice to money managers, brokers, and individual investors. Wall Street Strategies offers a suite of premium research products to a wide spectrum of individual, retail, and institutional clients and is now providing virtual research online via its website, www.wstreet.com.
Certain statements included in this press release constitute "forward looking statements" within meaning of the Private Securities Litigation Reform Act of 1995. These statements are typically identified by their inclusion of phrases such as "we anticipate," "we expect" and other phrases of similar meaning. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others: general economic and business conditions; competition; changes in business strategy or expansion plans; quality of management; availability, terms, and development of capital; fluctuating interest rates and other factors.
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