Archive for the ‘QuoteMedia Inc. QMCI’ Category

QuoteMedia, Inc. (QMCI.OB) Fiscal Year 2009 Revenue Up 4%

Wednesday, March 31st, 2010

QuoteMedia, Inc., well known amongst top businesses worldwide, including multiple Fortune 500 companies, for unprecedented service in providing streaming market data and financial software solutions, reported FY 09 (ending Dec. 31) data today.

Chairman of QMCI, Robert J. Thompson, expressed his pride over the glowing results contained in the report which indicate a 4% ($265,414) annual increase in revenue from 08 to $7,542,394.

Thompson said that QMCI, unlike its competitors, was able to expand data coverage, add to the employee roster, increase technical capacities and even release new products while increasing market share and thus ROI for the Company’s investors; all this despite the global economic crisis, which produced the “most pronounced downturn in the financial services industry in decades”.

Another feather in QMCI’s cap is the undisputed matriculation achieved, becoming one of the financial data services’ top-tier providers in 09, and further confirming the Company’s status as a major player among the crème-de-la-crème providers in this entire sector.

Thompson pointed out the benefits this status confers, such as no longer merely struggling to obtain major contracts; indeed QMCI is being actively courted by “large-scale marquee clients to compete on a level playing field against the more established incumbent vendors”, and is successfully beating out the competition.

This uncanny ability to beat out larger and more established competitors was attributed by Thompson to the tireless effort invested in ensuring that the products, technology and data coverage provided by QMCI are on-par or in excess of those provided by the Company’s rivals.

Thompson made it clear that QMCI is now well-positioned to handle any client, irrespective of scale – a fact which he noted has not gone unnoticed by the industry as the Company now finds itself sitting at the negotiating table alongside some of the biggest names in the industry.

Projections show some lagging influence by the economic crisis over the near term, but Thompson pointed out that this dynamic is beneficial to the leaner, meaner QMCI as it forces the larger and more ungainly firms to face up to the inefficiency of their operations.

Despite losing some smaller clients due to the shakeup, the Company is retaining more than it has lost, in terms of business, from larger, more stable clients anyway – clients seeking more flexible fee structures and technology solutions.

Due to the increased interval for execution of these larger jobs, QMCI is projecting the strongest revenue growth data to emerge in 3Q/4Q 2010.

Although a minor operating loss was evinced by the report ($11,503) compared to 08 figures, Thompson expressed confidence that this was due in large part to the Economic crisis and anticipates that the Company’s fixed cost profile will translate into “significantly expanded revenues and profitability in the longer term as the economy recovers and as larger deals close”.

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JitneyTrade to Use QuoteMedia, Inc.’s (QMCI.OB) Products in Online Services

Tuesday, September 29th, 2009

Yesterday, QuoteMedia, Inc. announced that it will provide streaming real-time portfolio management and comprehensive financial market data and research information to JitneyTrade, an online Canadian broker. JitneyTrade, a company specializing in active traders, will integrate QuoteMedia’s products into the services it offers its brokerage customers. A spokesman for the company stated that the partnership is both exciting and significant.

The company’s contracted services encompass an extensive array of its products, including raw quote and research data via QuoteMedia’s DataFeed solutions and a plethora of QuoteMedia’s content and research products. Additionally, JitneyTrade will provide its clients with Quotestream(TM) Desktop and Quotestream Wireless, the company’s companion portfolio management system.

When asked about the benefits of the newly signed agreement, QuoteMedia CEO Dave Shworan stated, “JitneyTrade is emerging as a leading Canadian broker for active traders by providing the right combination of experience, knowledge, client service, technology and information. We are thrilled that JitneyTrade has chosen to incorporate our data and technology solutions, and view their decision to implement our solutions as a significant endorsement of the quality of our offerings.”

Francesco Pasin, President and Chief Executive Officer of JitneyTrade, commented, “As an advanced-technology online brokerage firm, it is vital that we provide our customers the best possible tools to assist them in achieving success in their trading strategies. We have been very impressed by QuoteMedia’s focus on unmatched customer service, technological excellence and depth of coverage. QuoteMedia’s leading edge solutions are enabling us to provide timely, in-depth market information our clients require.”

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QuoteMedia, Inc. (QMCI.OB) Signs Enterprise Agreement with TradePMR

Wednesday, June 3rd, 2009

QuoteMedia, Inc., a leading provider of market data, corporate research information and financial applications, today announced that it has entered into an enterprise agreement with TradePMR, Inc., a major provider of brokerage and custody services to the financial services industry. TradePMR will integrate a wide array of QuoteMedia’s offerings into its eCustody platform, which is currently used by 420 independent RIA firms for use by their investment advisors.

QuoteMedia will provide raw quote and research data via its DataFeed solutions, and an extensive array of content and research products. In addition, TradePMR will provide its clients with QuotestreamTM Professional and Quotestream Wireless, QuoteMedia’s streaming real-time portfolio management system for brokers and financial advisors.

“In order to maintain and improve our competitive position, it is vital that we continue to provide our clients with unmatched market and research information, timely data, technological excellence and the highest level of customer service. By incorporating QuoteMedia’s market solutions into our new and existing offerings, we are able to go the extra step in creating an outstanding offering for our clients,” stated Robb W. Baldwin, President and CEO of TradePMR. “With QuoteMedia’s superior technologies and breadth of market coverage, we are able to expand the depth of our financial data content to provide the timely, in-depth market information our clients require.”

“We are very pleased to be partnering with TradePMR,” commented Dave Shworan, CEO of QuoteMedia Ltd. “TradePMR has a well deserved reputation for providing brokerage firms and financial advisers with the information, technology and support they need to manage clients’ investments effectively and grow their business efficiently. Certainly this agreement represents a major growth opportunity for QuoteMedia, particularly with respect to increasing market acceptance for Quotestream Professional. To have a company like TradePMR choose to incorporate our solutions in such a wide-ranging manner represents a major endorsement of the quality of our offerings, and this is especially gratifying.”

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QuoteMedia, Inc. (QMCI.OB) Announces First Quarter Results

Friday, May 15th, 2009

QuoteMedia, Inc., a leading software developer and syndicator of financial market information and streaming financial data solutions, today reported its financial results for the three months ended March 31, 2009. According to the press release, first quarter revenues increased 13% to $1,910,824 from $1,687,675 in the comparative period in 2008.

“As expected, global economic challenges, including a severe downturn in the financial services sector, had an impact on QuoteMedia’s revenue growth during the first quarter of 2009, as a small portion of our clients who are struggling or ceasing operations have had to reduce or discontinue our services,” stated Keith Guelpa, President of QuoteMedia, Inc. “These same economic challenges have also been a significant source of growth opportunities for QuoteMedia, however, as many companies are contacting us, seeking more efficient and cost effective solutions to their data and technology needs.

He continued, “Consistent with our focus on expansion, we experienced a loss for the quarter of $200,306 compared to a loss of $354,919 in the comparative period. This represents a 44% improvement in operating results. In view of the current economic conditions, we are satisfied with our progress to date, and we believe that we are on target to meet our long term objectives.”

“We intend to remain focused intently on our revenue growing strategies, with a particular emphasis on taking advantage of the opportunities presented by the economic conditions facing our industry,” concluded Guelpa. “Our plan of operation for the remainder of 2009 will continue to center on marketing Quotestream and Quotestream Wireless for enterprise deployment by financial services firms, and on moving even further into the investment professional market with Quotestream Professional. We will also look to continue the market penetration of our Data Feed Services and Interactive Content and Data Applications.”

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QuoteMedia, Inc. (QMCI.OB) Reports Another Year of Growth

Wednesday, April 1st, 2009

Today, QuoteMedia, Inc. reported its financial results for the fiscal year ended December 31, 2008. Revenues for the year increased 31% to $7,276,980 compared to the $5,569,107 reported for 2007. As of December 31, 2008, the company had a cash balance of $536,624, a $179,308 increase from the amount reported for December 31, 2007. For six consecutive years now, QuoteMedia has reported significant revenue growth for every quarterly reporting period.

“2008 was another strong growth year for QuoteMedia”, commented Robert J. Thompson, Chairman of the Board of QuoteMedia, Inc. “Even though global economic challenges and a significant weakening of financial markets have had a serious negative impact on the financial services industry, the company experienced not only outstanding revenue growth, but also major growth in data and market coverage, technological capability and product mix, business development, and personnel. In a year in which many of our competitors were suffering through cutbacks, layoffs, and weakening sales numbers, QuoteMedia has thrived.”

“While financial sector turmoil has led to cancellations from some of our clients who are struggling or ceasing operations, and will likely affect our revenue growth in 2009, it has also been a source of opportunities for QuoteMedia, as we are currently in discussions with several new prospects looking to move their business away from more expensive competitors with less efficient technological platforms,” he added.

“The belt tightening in the financial services sector has caused many companies to reevaluate how and where they are spending their money from a data provisioning perspective,” Thompson continued. “They’re looking for alternate providers, with more flexible technology and fee structures, and because of the significant technological development and data expansion initiative we’ve undertaken over the past 2 years, QuoteMedia is in a position to exploit these opportunities with better technologies and aggressive pricing. “

“2008 saw increased market penetration across the board for all of our product lines, most notably with Quotestream Professional, which is rapidly gaining a foothold in the marketplace, as well as with QuoteMedia’s Datafeed services which have also seen particularly strong uptake. Although global economic conditions are now introducing more uncertainty than ever, and even though we realistically expect that fallout from the global recession will negatively affect QuoteMedia’s revenue growth in the short term, we anticipate continued long term growth in 2009 and beyond,” Thompson concluded.

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QuoteMedia, Inc. (QMCI.OB) Focused on Increasing Market Share

Wednesday, February 18th, 2009

QuoteMedia, Inc. (QMCI.OB) is currently one of the leading providers of financial stock market feeds and data to financial institutions, online brokerages, public companies, and clearing houses. QuoteMedia also provides its customers with financial software solutions that provide end-users with the tools they need to translate market data into usable information that can be applied to their own financial growth.

QuoteMedia has a number of competitors who are providing financial data to the marketplace. Many of these competitors are using outdated technologies created upon legacy-style data networks which require heavier server and network loads along with more bandwidth, which result in higher server and data delivery expenses. QuoteMedia has built a proprietary and streamlined platform that allows the company to recognize positive margins, even when a contract is executed at a wholesale price point.

QuoteMedia is focused on significantly increasing its top line revenue growth by increasing its presence in mobile/PDA, data feed, and financial software application market. The company will use its partnership with Penson Worldwide and other existing clients to execute its plan to expand its market share with mobile carriers, large scale web portals, and other financial institutions.

According to a representative at ScotiaBank, “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.”

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QuoteMedia, Inc. (QMCI.OB) – Content Modules to Fit Any Need

Thursday, February 12th, 2009

QuoteMedia, one of the world’s top providers of up-to-the-minute financial market data, continuously satisfies the needs of its customers using scalable content modules. The functions of these modules range from basic stock tickers, to market portals that bring the entire universe of finance to your fingertips.

On the simple side of things, you have quote and chart modules to rival any provider. QuoteMedia’s charts are intelligent, visually pleasing windows with dynamic quotes, and technical and historical charting capabilities that take the confusion out of price action. QuoteMedia charting modules can be fully aestheticized for seamless integration into a client’s website.

Another module that plays a huge role in the service’s effectiveness promptly delivers breaking news to the user’s screen. Settings can be adjusted to cover entire markets, or to target specific companies. Once in sync with your preferences, the news module keeps you informed of all press and filing content.

Aside from quotes, and general portfolio management services, QuoteMedia also facilitates access to data on mutual funds, FOREX, and world currencies. You can covert currencies, monitor user-specified watchlists, and more.

When it comes down to it, QuoteMedia is unequaled in the realm of intuitive, comprehensive market data solutions. The company never ceases to improve upon its services; all the more reason to trust QuoteMedia with providing the best information in an easily manipulated environment.

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QuoteMedia, Inc. (QMCI.OB) Introduces Quotestream Wireless Software to the iPhone

Tuesday, February 3rd, 2009

Today, QuoteMedia announced that it has launched a custom version of QuotestreamTM Wireless to be use on the iPhone™, Apple Inc.’s popular multimedia smartphone. The software features real-time market data, multiple streaming portfolios, detailed stock quotes, intraday and historical charts, corporate news and events, audio and vibration alerts, level II market depth, time and sales, market indices, tick trend indicators, online trading and more.

“The market for applications that function on the iPhone is enormous, and it’s growing quickly,” commented Dave Shworan, CEO of QuoteMedia, Ltd. “The iPhone is truly a breakthrough product, incorporating leading-edge multimedia, communication and Internet technologies within a mobile phone based on Apple’s revolutionary multi-touch interface. This custom version of Quotestream Wireless is specifically designed to take advantage of the unique features of the iPhone, to offer users the ability to keep on top of the financial markets from anywhere, with a combination of unmatched depth of information and ease of use.”

“Quotestream Wireless is truly a differentiator for our company, as it allows our users to stay on top of what is happening in the markets, no matter where they are. This is particularly important among market professionals and serious non-professional investors, who require the ability to retrieve dynamic stock market information and the capability to execute a trade whether at the office or on the road,” added Shworan. “Brokers and investors need access to market information at all times, and in all places, but it’s impossible to spend all of your time in front of your desktop computer. With Quotestream Wireless, we let those individuals take the market with them, wherever they go, and the industry is responding very positively.”

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QuoteMedia, Inc. (QMCI.OB) Management Team is Backed by Extensive Experience

Monday, February 2nd, 2009

QuoteMedia, Inc. (OTCBB: QMCI) has positioned themselves as a leading provider in the financial data market industry. The company has created an advanced and provocative model that aggregates, manages, and streams information to multiple entities from the major exchanges in the U.S., Canada, and Europe. Ultimately, this enables their clients and customers to license comprehensive financial market information and software applications for a reduced cost compared to other providers.

Leading the way at QuoteMedia, Inc. is Keith Guelpa, president and CEO. Mr. Guelpa’s career comprises more than thirty years of high-ranking positions in the telecommunications, digital imaging, and Internet communications industries. He has served as the COO/president of a public company offering brokering services, financial planning, and investment banking consulting. Mr. Guelpa is also the co-founder and director of the company.

Having more than forty years of distinguished business and consulting experience is Robert J. Thompson, C.A., C.M.C., the company’s chairman of the board. Mr. Thompson practiced as a chartered accountant and certified management consultant for almost thirty years, and is the president of Corpus Investments, Inc., a private holding company that manages investments within multiple enterprises. He held a similar position as chairman of the board of C.M. Oliver, Inc., a Canada-based regulatory and publicly traded investment broker.

Holding the position of president and CEO of QuoteMedia, Ltd. is Dave Shworan. As a veteran of online marketing and developing Internet businesses, Mr. Shworan brings the company a distinguished record in running successful Internet-based companies. He is the co-founder of Bravenet.com, the Internet’s largest developer tools and services site. The site has ranked in the top fifty most visited web sites in the world, and provides products to 8 million webmasters.

Keith J. Randall, C.A., is vice president/CFO/secretary of QuoteMedia, Inc. Before joining the company, Mr. Randall was an exchange examiner for the Vancouver Stock Exchange. He has experience as vice president and CFO since he held the same positions at C.M. Oliver, Inc. prior to his current duties.

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The Significance of QuoteMedia, Inc.’s (QMCI.OB) Recent Agreement with Penson Worldwide, Inc. (PNSN)

Tuesday, January 27th, 2009

QuoteMedia, Inc. (QMCI.OB), a provider of market data and financial applications, announced in summer of last year that it has entered into an enterprise agreement with Penson Worldwide, Inc. (PNSN), a provider of flexible technology-based solutions to the investment industry.

Previous to this agreement, QuoteMedia had a well established relationship with Penson, and was providing a wide array of services to Penson’s clients through its subsidiary, Nexa Technologies. However, the new agreement is expansive in its scope and in the degree of integration involved. To have a company like Penson, which has a well known reputation for technological superiority, choose to incorporate QuoteMedia’s solutions for all of their clients is pretty significant.

Daniel Son, President of Penson, stated, “In order to maintain and improve our competitive position, it is vital that we continue to provide our clients with unmatched customer service and technological excellence. By incorporating QuoteMedia’s market solutions into our new and existing offerings, we are able to go an extra step in creating a more robust and dynamic offering for our clients.”

QuoteMedia is now providing a number of services that Penson has incorporated into its platforms, which are utilized by almost 300 correspondent financial services firms for their brokers, financial advisors, and retail brokerage customers. Some of the services include raw quote and research data through QuoteMedia’s DataFeed solutions with an array of content and research products. The agreement allows Penson to offers its clients a number of the QuoteMedia services, including Quotestream™ Professional, Quotestream Wireless, and QuoteMedia’s streaming real-time portfolio management systems to financial advisors and brokers, and Quotestream™ II to non-professionals.

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QuoteMedia, Inc. (QMCI.OB) has Data Solutions for Financial Professionals

Wednesday, January 21st, 2009

QuoteMedia, Inc. (QMCI.OB), a lead provider of market data, provides a variety of content modules to assist consumers with stock information. The company currently has eight modules with a variety of applications that can be embedded and customized into a consumer’s personal web pages. For ease of installation, a single line of code is needed to integrate the module into a consumer’s existing data set.

The “News and Headlines” module provides full access to press releases and premium news content. Users can select from hundreds of topics to target specific publicly traded companies or exchanges. The type of format the information can be viewed in varies from narrow or wide column, ticker-style, or vertical scrolling.

The “Quotes and Charts” module provides users with market and research data on specified symbols. The available charts range from simple intraday or historical displays, as well as interactive technical charting applications. The charts available in this module can be standalone or interactive, while quotes can be displayed in a large or compact style.

The “Market and Stock Research” module has 32 tools that allow the user to obtain in-depth research instruments. There are news, ratings, market movers, indices, historical performance, corporate actions, and earnings information applications. The Ticker-Market Movers application provides a user with a scrolling ticker consisting of the exchange in the top row, and a second row that is fully customizable with stocks or indices of a user’s choice. The Dynamic Market Movers application allows a user to select an exchange and choose between gainers and losers by percentage or dollar value, as well as by volume activity.

The “Portfolio Management” module provides users with applications which deliver immediate access to market data to their desktop or Internet-ready cellular devices. The Web Portfolio Manager allows users to track holdings and analyze performance on all stocks, mutual funds, or indices listed on any of the North American exchanges. The Quotestream application allows consumers to monitor their portfolios in delayed or real-time.

The “Mutual Funds” module provides fund market overviews, fund charting, comprehensive fund screening criteria, performance ratings, risk benchmark, and detailed fund quote data tools to users. The basic mutual fund application includes a set of data points, allowing for mutual fund research and screening, while the advanced module provides additional sector allocation data.

The “Investor Relations” module allows the user to customize the manner in which stock quotes, charts, insider reports, historical reports, and company news are displayed. The IR Charts-Logo application allows a company logo to be imbedded into any chart, while the Quote Chart module provides an intraday chart and quote data into a small footprint.

The “FOREX and Currencies” module allows users to monitor Foreign Exchange data, monitor customized watchlists, chart global currencies, and run currency conversions.

The “XML Data Services” module provides comprehensive market data feeds in delayed, real-time, or end-of-day formats. QuoteMedia’s ultra-low latency XML delivery systems provide intraday snap information and end-of-day bulk information along with an array of research and press news.

QuoteMedia’s assortment of content solution tools provide any broker, bank, or financial services professional with a wide array of applications to obtain information on stocks and funds. Not only can the tools be customized, but they can also easily be imbedded into any website. QuoteMedia has designed a broad array of tools to meet the needs of any financial professional.

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QuoteMedia Inc. (QMCI.OB) Covering A Broad Range of Market Information

Tuesday, January 13th, 2009

QuoteMedia Incorporated is answering the call of demanding investors by providing complete coverage of all major North American Exchanges and ECNs, including common stock, preferred stock, options, warrants, futures, commodities, currencies, mutual funds, UITs/ETFs, rates, and indices. Coverage from the company includes real-time market data, a technology that other sites such as yahoo finance and Google finance are just now catching up to. In addition to stock coverage, Quotemedia also offers data feeds, news, interactive stock research, financial applications and real-time wireless applications.

While it is crucial for many investors to have the real-time access to quotes and news, it is also important to have access to historical market data. Quotemedia offers investors comprehensive historical market data for all North American Equities, Mutual Funds, Options, Futures and Commodity exchanges, as well as International markets. Historical data is critical for research when tracking a particular stock or industry over time.

Historical data is an important research tool, but is not always the most complete analytical source. Quotemedia recognizes this and also provides its visitors with investment research, key fundamental and financial information, as well as analytics from the industry’s leading research providers. This section contains analyst coverage, fundamentals, dividend and earnings information, insider transactions and much more. It also contains a research portion devoted specially to initial public offerings (IPOs).

The news section of Quotemedia is well organized and rather impressive. It is split into three sections: Company news, Sector news and Topic-based news. The sectional breakout divides the market watcher with quick access to what matters instead of wandering through pages of useless information. The news provided comes from a range of respectable sources ranging from the SEC all the way to smaller press releases and even other financial news sites such as Marketwire, Financial News, USA, and Eworldwire. The content provided by Quotemedia is truly impressive and covers the market from all angles.

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QuoteMedia, Inc. (QMCI.OB) Stands out from the Crowd

Tuesday, January 6th, 2009

QuoteMedia Inc. has been makings major strides in the ever-changing marketplace. With a strong management team and an aggressive business style, QuoteMedia has developed a concept of doing business that is quickly gaining national attention.

With the economy being is such a tailspin; savvy investors want to have up to the second news so they know where their hard-earned money should be placed. QuoteMedia’s array of services benefit clients with an exceptional number of strong technical differentiators in embedded, fully private-labeled and seamlessly integrated environments. Through the aggregation of financial data, news, and research sources, QuoteMedia has become a comprehensive solution for stock market related information provisioning.

Another unique aspect of this company is their far-reaching hand. With media offices in Arizona, British Columbia and Toronto, QuoteMedia provides quality service throughout North America and has a strong array of employees constantly researching the markets.

QuoteMedia is led by their Chairman of the Board Robert J. Thompson. Thompson has a distinguished business and consulting career that spans over 40 years. Currently, Mr. Thompson serves as President of Corpus Investments Inc., a private holding company that manages investments in a wide range of enterprises.

With Thompson at the helm and a business style that is client-friendly, QuoteMedia is leading their customers back to success in the marketplace.

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QuoteMedia, Inc. (QMCI.OB) is a Frontrunner in the Financial Market Data Industry

Monday, December 29th, 2008

QuoteMedia offers a broad array of services and an exceptional number of technical differentiators in embedded, fully private-labeled and seamlessly integrated environments. Through its collection of financial data, news, and research sources, QuoteMedia has become a comprehensive solution for stock market related information provisioning.

To effective deliver this financial information, the company has developed an advanced, scalable model that aggregates, manages, and streams information to multiple entities. By utilizing this model, corporate clients as well as their customers are able to license comprehensive financial market information and software applications for significantly lower costs compared to the expensive and outdated infrastructures from other providers.

QuoteMedia has proven their success in attracting the big names of the corporate world including: The NASDAQ Stock Exchange, the OTC Bulletin Board, Forbes.com, JP Morgan Chase & Co., Dow Jones, Wells Fargo, American Express, ScotiaBank/Scotia Capital, Broadridge Financial, Penson Worldwide, IBM, General Electric, Boeing, ING Investment, BusinessWire, Zacks Investment Research, Schaeffers Investment Research, and many more. With their cutting edge technology and list of prestigious clients, QuoteMedia is a dominating force in the financial information market.

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QuoteStream II is the Next Generation of QuoteMedia, Inc. (QMCI.OB) Portfolio Management Software

Wednesday, December 17th, 2008

QuoteStream II has ushered a whole new generation of trade-stations featuring rich new content, tick by tick lightning fast market data, and extensive customization. This robust portfolio management software is the perfect solution for banks, brokerage firms, and online portals that want to provide their clients with streaming real-time market data and full-featured portfolio management.

With QuoteStream II, users can easily manage multiple portfolios, monitor market indices, utilize level II market depth, take advantage of historical and intraday charting, receive real-time news, quickly see the market movers of the day in real-time, watch every transaction with Times and Sales, as well as use real-time streaming option chains.

Even with all these advanced features, the application is intuitive and easy-to-use, as well as offers a very attractive monthly per user fee. Those interested in taking their trading to the next level can visit http://www.quotemedia.com/software_applications/quotestreamII.php for more information and details on ordering the robust application.

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QuoteMedia, Inc. (QMCI.OB) Products and Services have Received Much Praise

Friday, December 12th, 2008

QuoteMedia, Inc. provides financial stock market data, market news feeds, and related financial software solutions to financial service companies, online brokerages, clearing firms, banks and public corporations. The Company’s diversity of technical expertise, its agile responsiveness to custom corporate requirements, and its proven commitment to superior delivery technologies have been met with great praise.

Here are just a few of the many testimonials featured on the QuoteMedia website:

“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.”
– Managing Director and Head of ScotiaMcLeod Direct Investing, Marianne Hasold-Schilter

“In order to maintain and improve our competitive position, it is vital that we continue to provide our clients with unmatched customer service and technological excellence. By incorporating QuoteMedia’s market solutions into our new and existing offerings, we are able to go an extra step in creating a more robust and dynamic offering for our clients. With QuoteMedia’s technologies in place, we are able to expand our financial data content to provide more in-depth market information that our clients and their customers require.”
– President of Penson Worldwide, Inc., Daniel P. Son

“We are very excited about our partnership with QuoteMedia, and look forward to a successful relationship. We are committed to giving our readers the best possible products and technologies to assist them in achieving success in their investment strategies, and QuoteMedia’s innovative solutions have proven to be ideally suited to our needs and to those of our readers. We’ve been very impressed with the people at QuoteMedia. They listened to our needs and were very innovative in helping us to achieve our unique objectives.”
– VP and General Manager of Operations for Forbes.com, Mike Smith

“People are increasingly relying on mobile devices to keep them connected to important information and services, from sending and receiving business email, finding restaurants, and tracking diets to receiving personal financial alerts like stock market data. The power of the Windows Mobile platform is that it enables partners like Quotestream Wireless to take people beyond email and business productivity on their device to a complete experience for their work and personal lives. In the case of Quotestream, people can easily stay connected to critical financial information and stock market activity wherever they are.”
– Group Product Manager of Microsoft Corp., Chris Hill

“With thousands of member companies and organizations depending on Business Wire to transmit their full-text news releases and multimedia content to journalists, financial professionals, in or services, and the general public worldwide, it is vital that we provide the best possible analytical market data content to our clients. We were impressed with the quality of QuoteMedia’s products, the depth of their market coverage, and particularly the level of support they provide. QuoteMedia has shown us tremendous dedication and top quality service since day one, and we look forward to the improvement in our client offerings.”
– President of Business Wire, Cathy Baron Tamraz

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QuoteMedia, Inc. (QMCI.OB) is Known for Their Versatile Content Modules

Tuesday, November 25th, 2008

QuoteMedia offers a wide array of content solutions, from simple scrolling stock tickers to full-scale market research portals. Each one of QuoteMedia’s products is completely customizable, allowing websites to easily integrate the solutions with their existing content. QuoteMedia has made easy installation a priority and as a result only requires a single line of code for installation and fast loading efficiency.

Through these modules, websites can offer QuoteMedia’s dynamic quotes and charts, portfolio management, news and headlines, FOREX and currency prices, market and stock research coverage, as well as detailed information on mutual funds. The company provides prospective clients and investors with demos directly on their website at the following link: http://quotemedia.com/content_solutions

QuoteMedia also provides links that direct users to big name companies using their content solutions. To see the company’s modules in action, visit the following sites: www.Nasdaq.com, www.Otcbb.com, www.FBRDirect.com, www.StockWire.com, and www.WallSt.net. For other examples, visit: http://quotemedia.com/content_solutions/live_demos.php

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QuoteMedia, Inc. (QMCI.OB) Reports Strong Third Quarter Results during Uncertain Economic Times

Monday, November 17th, 2008

QuoteMedia, Inc. (QMCI.OB), a leading provider of stock market data and applications, announced its financial results for the period ending September 30, 2008. The company licenses interactive stock research tools like insider reports, market indices, portfolio management systems, streaming real-time quotes, and data feeds to companies such as NASDAQ, Dow Jones, Wells Fargon, Business Wire, the OTCBB, Penson Worldwide, and others. Even during this period’s upheaval in the financial markets, QuoteMedia has posted strong third quarter results.

During the first nine months of 2008, QuoteMedia was able recognize a net cash balance through operating activities of $1,037,980. The net cash balance actually increased by more than 57% compared to the same period in 2007, where the company recognized a net cash balance of $658,534.

During the third quarter, QuoteMedia increased subscriptions to its new Quotestream II and Quotestream Pro products, as well as increased sales in their Interactive Content and Data Applications packages. The company’s revenue numbers reflect the positive impact of the expansion in its customer base and services provided. The company booked revenue of $1,888,279 in the third quarter 2008, which is a 26% increased compared to the 2007 amount of $1,501,097. The first nine months of 2008 resulted in $5,300,350 revenue, which is a 33% increase compared to the same period in 2007 of $3,993,202.

“During the third quarter, QuoteMedia continued to expand on the revenue growth momentum that has been building since 2007. We furthered our introduction of Quotestream II to the market, the new generation of our portfolio management system, with enhanced features and functionality. The Company also continued its early release of Quotestream Professional. Where Quotestream II is geared towards providing a professional level experience to non-professional users, Quotestream Professional is designed specifically for use by financial services professionals, offering unparalleled functionality at extremely aggressive pricing.”

For the remainder of the year, the company will focus on deploying its Quotestream II to brokerage firms, as well as continue to market the Quotestream Professional application to the professional investment market. The company will also focus on increasing its footprint into the market with its Data Feed Services along with licensing its Quotestream Wireless applications and provide additional content through its Interactive Content and Data Applications.

“This is our 22nd consecutive quarter of revenue growth, reflecting the strong continuing market penetration of our full line of financial data products and the increasing depth of our data offerings, which now cover over 70 exchanges worldwide,” stated Keith Guelpa, President of QuoteMedia. “…we expect our monthly revenues will continue to rise, quarter over quarter, and overtake the increased cost commitments that we have undertaken over the past several years to support our rapid development. We are very pleased with our progress to date, and we believe that we are on target to meet our near and long term objectives.”

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QuoteMedia, Inc. (QMCI.OB) Works to Increase Market Share

Wednesday, November 12th, 2008

QuoteMedia, Inc. (QMCI.OB) is involved in one of the fastest growing niches in the financial industry. The company is currently one of the leading providers of financial stock market feeds and data to financial institutions, online brokerages, public companies, and clearing houses. QuoteMedia also provides its customers with financial software solutions that provide end-users with the tools they need to translate market data into usable information that can be applied to their own financial growth.

QuoteMedia has a number of competitors who are providing financial data to the marketplace. Many of these competitors are using outdated technologies created upon legacy-style data networks which require heavier server and network loads along with more bandwidth, which result in higher server and data delivery expenses. QuoteMedia has built a proprietary and streamlined platform that allows the company to recognize positive margins, even when a contract is executed at a wholesale price point.

At this time, financial sites have significantly more online hits compared to any other topic or category. Financial sites are visited even more frequently than existing portals, online communities, and search engines. Statistical research has found that 65% of users online are searching for financial information.

QuoteMedia is focused on significantly increasing its top line revenue growth by increasing its presence in mobile/PDA, data feed, and financial software application market. The company will use its partnership with Penson Worldwide and other existing clients to execute its plan to expand its market share with mobile carriers, large scale web portals, and other financial institutions.

According to a representative at ScotiaBank, “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.”

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QuoteMedia, Inc. (QMCI.OB) Management is Leading the Way

Thursday, November 6th, 2008

QuoteMedia has become the renowned leader in providing market coverage of all North American Exchanges and ECN’s including common stock, preferred stock, options, warrants, futures, commodities, currencies, mutual funds, rates and indices. With offices spread out across the globe, the young company is led by a team of innovative individuals.

The QuoteMedia Chairman of the Board is Robert J. Thompson. With over 40 years in the field, Thompson brings a wealth of experience to QuoteMedia. Thompson is the President of Corpus Investment Inc, which is a private holding company that manages investments in a wide range of enterprises. Thompson is a proven winner in the marketplace and has the vision needed to make Quotemedia a powerful company.

To go along with Thompson, QuoteMedia is led by R. Keith Guepa who is a Co-Founder of the company and serves as the company’s Director and President and is also Quote Media’s CEO. Guepa has over 30 years of experience and has served as President and CEO of numerous high-tech firms involved in such fields as Internet communications, telecommunications and digital imaging. Guepa has had a long and distinguished career and along with Thompson have helped shape QuoteMedia into the force the young company has become.

Other leaders at QuoteMedia include Dave Shworan and Keith J. Randal. Shworan serves as Director & President as well as CEO of QuoteMedia Ltd. Shworan gained fame as the Co-Founder of Bravenet.com, which is the web’s largest developer tools and services site.

With these three visionaries leading the way at QuoteMedia, it is only a matter of time before the marketplace realizes that QuoteMedia is a diamond in the rough on Wall Street.

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QuoteMedia, Inc. (QMCI.OB) Keeps Financial Institutions In the Know During a Shaky Economic Period

Tuesday, October 28th, 2008

QuoteMedia, Inc. (QMCI.OB) is taking a lead role in providing financial stock market data, market news feeds, and financial software solutions to online brokerages, clearing and financial service firms, banks, and public corporations. By focusing its efforts on delivering financial data to the marketplace, QuoteMedia is making an impact on one of the fastest growing segments in the financial world.

QuoteMedia has built a streamlined, proprietary delivery system that is far more cost-effective than traditional data delivery technology used by its competitors. The older technology is based on legacy-style data networks that require heavier server and network loads that take up more bandwidth, which results in higher server and delivery costs. QuoteMedia’s innovative system runs at a lower cost ratio that enables the company to generate healthy margins, even when contracts are sold at a wholesale level.

As the economy continues to fluctuate, financial institutions such as brokerages, clearing firms, banks, and the like are met with an ever-increasing demand from consumers for real-time data. Statistically, financial websites outscore every other category for online usage, including search engines, portals, and online communities. Consumers are continually seeking financial advice and data online.

QuoteMedia plans to increase its revenue growth percentage by securing market share within the data feed, financial software applications, and mobile/PDA markets. By taking an advantage of its established partnership with Pension Worldwide and other clients, including banks, brokerage firms, mobile carriers, and web portals, QuoteMedia hopes to accomplish its overall growth plan.

QuoteMedia can provide these companies with all the latest developments throughout the business day with its real-time data delivery system. With no end in sight to the uncertainly with our economy, financial institutions need to be up-to-speed on the happenings on Wall Street and QuoteMedia has a cost-effective solution that will allows these companies to better serve their clients.

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QuoteMedia, Inc. (QMCI.OB): Broad Market Coverage on a Manageable Scale

Thursday, October 23rd, 2008

QuoteMedia’s market coverage is absolutely expansive; the activities of every major North American exchange and ECN is meticulously monitored and documented. All this data can then be retrieved by any one of the platform’s users.

QuoteMedia provides up-to-the-minute info on common and preferred stocks, options, futures, commodities, currencies, warrants, mutual funds, UITs/ETFs, rates, and indices. Perhaps just as importantly, customers can also browse comprehensive archives of historical data in these areas.

Along with superior quote coverage, QuoteMedia offers easy access to news and filing information. Users can customize news feeds to specifically meet their own requirements; whether it be sector reports, topic-based, or news about an individual company, QuoteMedia puts it all right there at your fingertips. Current information on company filings is also made available. Additionally, customers are provided with the ability to obtain research reports and analytics from Wall Street’s top firms.

QuoteMedia’s platform is an excellent jumping-off point for the individual investor; a place from which one can become adequately informed, so as to make the best investment decisions possible. Regardless of what sort of financial information is sought, QuoteMedia has got it covered.

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QuoteMedia, Inc. (QMCI.OB) Keeps Its Structure Simple

Tuesday, October 21st, 2008

QuoteMedia, Inc. (QMCI.OB) is a company focused on providing market data and critical financial resources to investors. Most people are overwhelmed by the amount of data out in the financial world, but QuoteMedia provides investors with a suite of tools to help make sense of the fast-paced field.

R. Keith Guelpa is the co-founder, President, and CEO of QuoteMedia, Inc. Guelpa is a seasoned professional with over 30 years in the high-tech field. He has extensive hands-on experience in management, marketing, and investment banking. Guelpa has served as President/CEO of a number of firms involved in telecommunications, internet communications, and digital imaging. He has also served as President/COO of a company involved with providing brokerage, investment banking, and financial planning services.

Dave Shworan serves as the President and CEO of QuoteMedia, Ltd. Shworan has a long history with online marketing and developing internet companies. He has been a founder of a number of highly profitable internet companies and worked as a corporate consultant for several years. Shworan was a co-founder of Bravenet.com, which has been ranked in the top 50 most visited websites worldwide. Bravenet is the internet’s largest developer tools and services site that supports up to 8 million webmasters. Shworan’s experience with developing successful internet sites provides QuoteMedia with a great advantage.

Keith Randall is another executive that holds a number of roles at QuoteMedia including Vice President, CFO, and Secretary. Randall earned the designation of Chartered Accountant while he worked at KMPG. He then was an Exchange Examiner for the Vancouver Stock Exchange prior to serving as Vice President and CEO of C.M. Oliver Inc., a Canadian regulated, publicly traded investment dealer/broker. Randall’s experience in both public accounting and the financial services arena provide the company with a solid financial foundation.

With his 40 years of experience in the business world, Robert Thompson serves as QuoteMedia’s chairman of the board. Thompson is currently the President of Corpus Investments Inc., which is a private holding company that manages investments. As a Chartered Accountant and Certified Management Consultant, Thompson has worked with a number of public accounting firms including Peat Marwick & Partners, Woods Gordon/Clarkson Gordon, and Ernst & Whinney. Thompson was formerly chairman of the board of C.M. Oliver Inc, and currently serves as director at a number of privately-owned corporations. Thompson’s expertise in the accounting field ensures that QuoteMedia’s financials are kept at the highest conservative standards.

Even though its executive staff is not as large as other companies, the individuals that make up the team are experts in their field. All of QuoteMedia’s top executives bring a host of experience to the table. Through the current rocky financial environment, QuoteMedia should be able to steer through the turbulent waters as it draws valuable recommendations from its team of experts.

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Quotemedia Inc. (QMCI.OB) Has Got you Covered

Tuesday, October 14th, 2008

In today’s ever-changing market, investor’s need coverage in a real-time fashion to be able to research and analyze which direction they should go to invest their hard earned money and protect the future of themselves and their families. One company has become the renowned leader in market coverage, that company is Quotemedia, Inc.

QuoteMedia has complete coverage of all major North American Exchanges and ECNs, including common stock, preferred stock, options, warrants, futures, commodities, currencies, mutual funds, UITs/ETFs, rates and indices. To go along with this broad array of resources, Quotemedia also gives the investor a historical view of how a company has performed. This is beneficial to the investor as it shows trends in the market and gives an advantage that is hard to value.

Perhaps the most valuable aspect of the Arizona based company is the unique research and analytical tools they provide. QuoteMedia is a single source for a broad array of investment research, key fundamental and financial information, as well as analytics from the industry’s leading research providers.

When it comes to investing, we all need an edge in today’s market. Quotemedia is bringing that edge to you. From up to the minute charts to state-of-the-art research tools, Quotemedia provides their customers a real-time advantage.

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QuoteMedia, Inc. (QMCI.OB)’s DataFeed: An Invaluable Investment Tool

Friday, October 10th, 2008

When it comes to keeping investors up-to-speed with the often overwhelmingly fast-paced world of finance, QuoteMedia is one of the best. The company’s comprehensive, intuitive, and completely scalable DataFeed technology offers clients the ability to quickly obtain the vital information needed to stay ahead of the curve.

QuoteMedia DataFeed solutions provide top-quality data, with the lowest latency available today; effectively connecting investors to the most pertinent and accurate investing information at the critical times. The company collects, standardizes, and delivers data through three main interconnected ticker plants, strategically located in British Columbia, Texas, and New York. With multiple direct connections to the exchanges, and through cross-connection of the facilities, QuoteMedia is able to maintain complete redundancy.

The company’s real-time data streams cover every exchange and ECN (electronic communication network) in North America, and deliver content through a wide variety of connectivity methods. As long as there is a need for investors to stay connected, and be kept informed- whether it be equities, commodities, options, futures, mutual funds, indices, or currencies- QuoteMedia will be there to provide the solution.

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