Business Services Industry
Comtex Adds AP Financial News to Valuable Mix of Useful Business Products
Business Wire, May 8, 2006
NEW YORK -- Comtex News Network, Inc. (OTC BB: CMTX), a leading provider of economically useful electronic real-time news, content and market alerts, today announced that the AP Financial News service is now available to Comtex clients.
Under a licensing agreement with AP Digital, the commercial online division of The Associated Press, AP's expanded business service is available as a full newsfeed from Comtex. It will be enhanced by Comtex's proprietary AI (Artificial Intelligence) processing engine so that end-users receive a convenient, timely product - complete with stock tickers and meta-tags for ease of use by Comtex clients. This new content is a strong complement to existing Comtex offerings including the Wall Street, Public Company, Business and Finance CustomWires.
AP Financial News is an expanded business news service, from the world's oldest and largest news organization, providing a breadth and depth of information that Web site visitors need to make informed decisions. AP Financial News offers detailed coverage of the top 1,000 U.S. companies, plus major international corporations, markets, quarterly earnings announcements, executive changes, regulatory actions, mergers and acquisitions and new product developments.
Chip Brian, Comtex President and COO, stated, "We're pleased to work with the Associated Press to make their expanded financial news product available to our solid base of financially-focused clients. Our users can experience this new, supplemental content from a brand name source with the ease and convenience they find with all our news, content and market alert products."
About Comtex
Comtex (www.comtex.com) provides real-time news, SmarTrend(R) Alerts and economically useful information to businesses whose customers need more than just facts. Comtex customers receive select content from key sources which is further enhanced with stock tickers and an extended lexicon of relevant terms. With a specialization in the financial news and content marketplace, Comtex receives, enhances, combines and filters news and content received from national and international news bureaus, agencies and publications, and distributes more than one million total stories per day. Comtex's state-of-the-art technology delivers this relevant content and reliable service in real-time. Comtex (OTC BB: CMTX) has offices in New York City and Alexandria, Virginia.
About AP Digital
AP Digital is a division of The Associated Press that provides news and information to Web sites, wireless operators, corporate and government desktops, information distributors and other commercial and new media applications. For more information, visit www.apdigitalnews.com.
SmarTrend(R) and CSTA(R) are registered trademarks of Comtex News Network, Inc.
Please Note: Except for the historical information contained herein, this press release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, that involve a number of risks and uncertainties. These forward-looking statements may be identified by reference to a future period by use of forward-looking terminology such as "anticipate," "expect," "could," "intend," "may" and other words of a similar nature. These statements 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 risks 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.
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