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Experts agree that appealing websites need a healthy mix of the three C's - content, commerce, and community. According to internet research, 65% of those who go online seek financial information. As a result, large portals, brokerage firms, banks and other institutions, as well as non-financial websites of all kinds, are increasingly eager to incorporate and expand financial information into their websites. QuoteMedia, Inc. (QMCI), a leading developer and distributor of streaming market data services to the financial industry, offers the full spectrum of web-delivered, web page-embedded and fully integrated static financial data products.
A constant search for relevant content information to add to websites makes these sites more dynamic, competitive and interactive. QuoteMedia Inc. has its share in this with its flagship application, Quotestream, which is an unparalleled web-based streaming online portfolio management system that delivers instant “Real-Time” market data to both the consumer and corporate markets. QuoteMedia software applications comprise a unique suite of customizable Java Applets, JavaScript Inserts, XML data sets and Java Servlets that combine the depth and variety of established financial databases with the flexibility and efficiency of the Web to deliver customized content to clients around the globe.
QuoteMedia develops and licenses its software and dynamic data products to individuals and corporate customers, including brokerage firms, financial institutions, mutual fund companies, online information portals, media outlets, public companies, corporate Intranets, brokers, financial advisors and individual investors. A growing percentage of the Company’s clients reflect some of the largest banks, clearing firms, research houses and NYSE listed companies in North America. However, QuoteMedia is generating fee revenues by solidifying Business-to-Business relationships with companies of every size.
QuoteMedia recently announced their financial results for the three and nine months ended September 30, 2007. These results reflect a 56% increase in third quarter revenues, to $1,501,097 from $960,111 in 2006. Revenue for the nine months ended September 30, 2007 increased 51%, to $3,993,202 from $2,651,248 in 2006. Their significant revenue growth during these periods resulted from increased sales of their Interactive Content and Data Applications as well as from increased subscriptions to Quotestream.
About QuoteMedia, Inc. (OTCBB: QMCI)
QuoteMedia, Inc. is a leading developer and distributor of streaming market data services to the financial industry. Their flagship application is Quotestream, a web-based streaming online portfolio management system that delivers instant “Real-Time” market data to both the consumer and corporate markets. The Company licenses interactive stock research instruments such as streaming Real-Time Quotes, Market Watch lists, News, Static Charts, Interactive Java Charts, Volume Most Actives, Percentage Gainers and Losers, Option Chains, NASDAQ/OTC Level II, SEC Filings, Insider Reports, Market Indices, Market Stats, Market Commentary, Stock Tickers, Multi-Channel Quote Modules, Portfolio Management Systems, Investor Relations Solutions, JavaScript Insert Component Data Services and XML Data Feeds to name a partial list of their content solutions.
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Disclosure: OTCPicks.com has not been directly paid for preparation and distribution of this report and other advertising services. We have received internet data services from QuoteMedia in return for coverage on our site.
