SmallCapVoice » QMCI

QuoteMedia Wins Contract as Market Data Provider for Kiplinger

Tom — Tue, 19 Jan 2010 15:20:04 +0000

Jan. 19, 2010 (Business Wire) — QuoteMedia, Inc. (OTCBB: QMCI) today announced an agreement with Kiplinger Washington Editors Inc. to provide a wide-ranging suite of market data feed services and financial applications for Kiplinger.com.

Launched in 1996, Kiplinger’s web site is the home of both its personal finance and business forecasting content, featuring an array of money management tools, calculators, forums and columns. Honored in 2007, 2008, and 2009 as a finalist or winner in several competitions for content and design (MIN’s Best of the Web, EPpy and Webby Awards), Kiplinger.com will now be receiving all of its financial market and related data and charting from QuoteMedia.

“We are constantly working to improve our content to ensure that we are providing tools that educate and empower our readers and site visitors to reach their financial goals. It is vital that we provide the best possible financial information and analytical market data content to our audience,” said Douglas Harbrecht, Director of New Media of Kiplinger. “QuoteMedia impressed us with their ability to provide a broad array of accurate, timely market content, easily accessible and fully integrated with our existing offerings.

“With nearly 1.5 million unique visits per month, Kiplinger.com is a premier online destination for individuals seeking a trustworthy, reliable source of expert financial information,” said Dave Shworan, CEO of QuoteMedia. “We are very pleased to have been chosen as their data provider, and we’re glad to be joining Kiplinger in delivering the highest possible quality content to their large and discerning audience.”

About QuoteMedia

QuoteMedia is a leading software developer and syndicator of financial market information and streaming financial data solutions to media, corporations, online brokerages and financial services companies. The Company licenses interactive stock research tools such as streaming real-time quotes, market research, news, charting, option chains, SEC filings, corporate financials, insider reports, market indices, portfolio management systems, and data feeds. QuoteMedia provides data and services for companies such as the NASDAQ, the OTCBB, Dow Jones & Company, Sungard, Wells Fargo, Penson Worldwide, Motorola, General Electric, Forbes.com, Scotia Capital, Southwest Securities, Zecco Trading, Zacks Investment Research, Business Wire, Regal Securities, Broadridge Financial Systems, ChoiceTrade, Qtrade Financial Group, CNW Group, TradeFreedom, Questrade, Schaeffer’s Investment Research and others. For more information, please visit: www.quotemedia.com.

About Kiplinger Washington Editors Inc.

For nine decades, the Kiplinger organization has led the way in personal finance and business forecasting. Founded in 1920 by W.M. Kiplinger, the company developed one of the nation’s first successful newsletters in modern times. The Kiplinger Letter, launched in 1923, remains the longest continually published newsletter in the United States. In 1947, Kiplinger’s created the nation’s first personal finance magazine. Located in the heart of our nation’s capital, the Kiplinger editors remain dedicated to delivering sound, unbiased advice for your family and your business in clear, concise language. Become a fan of Kiplinger on Facebook and follow Kiplinger updates on Twitter.

Kiplinger Washington Editors Inc.
1729 H Street NW
Washington, DC 20006

www.kiplinger.com

Source: Business Wire (January 19, 2010 – 8:00 AM EST)

1-12-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

Tom — Tue, 12 Jan 2010 17:04:49 +0000

Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

Overseas markets also mostly fell, reacting to China tightening its monetary policy and boosting bank reserve requirements, in addition to the worse-than-expected results from the world’s biggest aluminum producer.

As one of the first companies in the Standard & Poor’s 500 index to report quarterly results, Alcoa’s earnings are often seen as a barometer for how companies will fare.

After the market closed Monday, Alcoa said it earned a penny a share excluding one-time items and special charges. Analysts polled by Thomson Reuters, on average, forecast earnings of 6 cents per share.

The company said higher metal prices were offset by ongoing weakness in aerospace, construction and gas turbines businesses.

Revenue also fell at Alcoa. Investors will be tracking revenue as companies report earnings over the next few weeks for any signs that customers are returning to the marketplace. Upbeat earnings in recent quarters have often been due to cost cutting and not revenue growth.

However, a strong economic recovery is dependent on a rebound in consumer and corporate spending, which would result in improving revenue.

Video game publisher Electronic Arts Inc. did not see a rebound in sales during the most recent quarter. It slashed its full-year earnings forecast after the market closed Monday, saying ongoing weakness in game sales didn’t ease up over the holidays.

In morning trading, the Dow Jones industrial average fell 54.03, or 0.5 percent, to 10,609.96. The Standard & Poor’s 500 index fell 7.25, or 0.6 percent, to 1,139.73, while the Nasdaq composite index fell 14.75, or 0.6 percent, to 2,297.66.

Alcoa shares fell $1.26, or 7.2 percent, to $16.19. Electronic Arts shares declined $1.63, or 8.9 percent, to $16.64.

Yesterday’s Top Performing Small Cap Stock:

Budget Center Inc. (Pink Sheets: BDGN) was a SmallCapVoice.com top performer yesterday closing up over 18% on trading volume of 13,132 shares

Budget Center Inc. announce that the Company’s owned travel website www.budgethotels.com has signed a formal “white paper affiliate” agreement with Hotels Combined Pty Ltd. of Sydney, Australia.

As a result of this agreement, the Company launched its new online travel website www.budgethotels.com on Dec. 27, 2009 in partnership with industry giant www.HotelsCombined.com. The travel website now has the ability to connect users with more than 900,000 global hotel deals from over 30 merchants, delivering the “Budget” brand to thousands of customers worldwide. Travel enthusiasts from all over the world will now be able to find the best travel deals delivered in 14 languages and 118 currencies.

Budget Center currently ranks #1 on Google search for its travel website www.budgethotels.com. TravelMole, the online community for the travel and tourist industry, recently reported that “Consumers are expected to embrace thrift for the long term and operators need to adapt to this.”

QuoteMedia, Inc. (OTC BB: QMCI) was a SmallCapVoice.com top performer yesterday closing up over 30% on trading volume of 23,844 shares.

Today’s SmallCapVoice.com Hot Stock to Watch:

Biomedical Technology Solutions Holdings, Inc. (OTCBB: BMTL)

In a New Audio Interview at SmallCapVoice.com, Don Cox, President and CEO of BMTS, Provides a Significant Progress Report. The interview can be heard at http://smallcapvoice.com/blog/1-11-10-audio-interview-with-biomedical-technology-solutions-holdings-inc-otcbb-bmtl/.

“2009 was a great development year for BMTS allowing us to set the ground work for a strong 2010, I am extremely excited for our future and the year ahead of us,” said Don Cox, President and CEO.

About SmallCapVoice.com

SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client’s financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.

Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.

Contact:

Stuart T. Smith CEO
512-267-2430
ssmith@smallcapvoice.com
http://www.smallcapvoice.com

12-30-09 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

Tom — Wed, 30 Dec 2009 16:09:06 +0000

Stocks are slightly lower as the dollar strengthens and GMAC looks for additional government aid

Stocks were mostly lower in early trading Wednesday as a stronger dollar weighed on commodities prices.

Some investors have been buying the dollar in recent weeks on the belief that the economy is improving and the Federal Reserve will raise interest rates in the next year. That buying interest comes after a months slide in the greenback. Rock-bottom interest rates have encouraged investors this year to move out of cash and into riskier assets like stocks and commodities that have the potential to earn bigger returns.

While a rise in the dollar would be a sign that the economy is on the right track, it could hurt the stock market’s advance. A stronger dollar makes commodities more expensive for foreign buyers and can hurt the profits of companies that do business overseas.

There are still plenty of reminders that corporate America is still hurting from the recession.

According to a person with knowledge of the matter, the government is preparing to extend another multibillion bailout loan to GMAC Financial Services to further stabilize the auto financing company. GMAC, instrumental to the operations of automakers General Motors Co. and Chrysler Group LLC, has already received $12.5 billion in taxpayer money and is 35 percent owned by the federal government. The person, who spoke on condition of anonymity because discussions weren’t complete, said the new infusion would be in the range of about $3 billion.

Meanwhile, health insurer Aetna Inc. said it expects to take a fourth-quarter charge of up to $65 million to cover the costs of layoffs and consolidations.

The decline in stocks added to modest losses on Tuesday when the market ended a six-day winning streak as reports on home prices and consumer confidence failed to rally investors. While the reports showed improvement, they were largely in line with expectations and painted a picture of a slowly recovering economy.

After a 24.7 percent rise in the Standard & Poor’s 500 index this year, many investors have closed their books and are making few moves ahead of the start of 2010. With fewer traders in the market, price swings can be exaggerated.

The Dow Jones industrial average fell 11.56, or 0.1 percent, to 10,533.85. The Standard & Poor’s 500 index fell 1.26, or 0.1 percent, to 1,124.93, while the Nasdaq composite index rose 3.02, or 0.1 percent, to 2,291.42.

Yesterday’s Top Performing Small Cap Stock:

SkyPeople Fruit Juice, Inc. (AMEX: SPU) was a SmallCapVoice.com top performer yesterday closing up over 3% on trading volume of 91,400 shares.

SkyPeople Fruit Juice, Inc. is a holding company of Shaanxi Tianren. Shaanxi Tianren is a company organized according to the laws of the People’s Republic of China. Shaanxi Tianren’s main products are concentrated apple, kiwifruit, pear and other fruit juices for domestic and international consumers. Its brand, HEDETANG(R), is positioned as a high quality, healthy and nutritious juice concentrate and clear juice product used both as an ingredient component in other products and an end-use juice concentrate product. Shaanxi Tianren utilizes the largest kiwifruit plantation in China and is a leading producer of concentrated kiwifruit juice in Asia.

Today’s SmallCapVoice.com Hot Stock to Watch:

QuoteMedia, Inc. (OTC BB: QMCI)

About SmallCapVoice.com

Contact:

Stuart T. Smith CEO
512-267-2430
ssmith@smallcapvoice.com
http://www.smallcapvoice.com

QuoteMedia Reports Third Quarter Results

Tom — Fri, 13 Nov 2009 15:06:44 +0000

Nov. 13, 2009 (Business Wire) — QuoteMedia, Inc. (OTCBB: QMCI), a leading provider of market data and financial applications, announced financial results for the three and nine months ended September 30, 2009. These results reflect a 1% increase in third quarter revenue, to $1,910,884 from $1,888,279 in the comparative period in 2008. Revenue for the nine months ended September 30, 2009 increased 7%, to $5,658,444 from $5,300,350 in the comparative period in 2008.

“As forecasted, the global recession moderated QuoteMedia’s revenue growth during the first three quarters of 2009,” says Keith Guelpa, President of QuoteMedia, Inc. “The downturn, however, has presented opportunities as the added pressure on financial sector firms to find more efficient and cost effective solutions to their data and technology needs has opened many new doors for QuoteMedia’s offerings. While we have suffered the loss of some smaller clients who have shrunk or ceased operations as a result of the negative market conditions, larger prospective new clients have been approaching us about replacing their current solutions. These larger opportunities generally take extended periods to close and to produce revenue streams, given the scale of the contemplated deployments and the time required to terminate their existing provider contracts. Quotestream Professional, our streaming real-time market data terminal for brokers and financial professionals, continued to garner increasing interest and broader market penetration during the 3rd quarter, with an increasing number of new client firms preparing for their initial rollout. Additionally, the company is in various stages of discussion and negotiation with respect to several large scale enterprise deployments of a wide range of our other product offerings. At a time when most of our competitors are struggling, discontinuing product lines, laying off staff and experiencing significant declines in revenues, we are pleased to see that we are not only weathering the storm, but strengthening and expanding. Given the opportunities we are seeing, and the inroads we’ve made so far this year, we expect strong revenue growth in 2010.

“We experienced a loss for the third quarter of $155,365 compared to a loss of $153,873 in the comparative quarter. The loss for the nine months ended September 30, 2009 was $556,490 compared to a loss of $869,550 in the comparative period. This represents a 36% improvement in operating results for the nine month period. In view of the economic conditions confronting our industry during 2009, we are satisfied with our performance to date, and we believe that we continue to be on target to meet our long term objectives.”

About QuoteMedia

Statements about QuoteMedia’s future expectations, including future revenue, earnings, and transactions, as well as all other statements in the press release other than historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. QuoteMedia intends that such forward-looking statements be subject to the safe harbors created thereby. These statements involve risks and uncertainties that are identified from time to time in the company’s SEC reports and filings and are subject to change at any time. QuoteMedia’s actual results and other corporate developments could differ materially from that which has been anticipated in such statements.

QuoteMedia, Inc. Ranked Amongst Fastest Growing Companies in North America on Deloitte’s 2009 Technology Fast 500TM

Tom — Tue, 20 Oct 2009 23:33:44 +0000

Attributes Focus on Product Excellence for 620 Percent Revenue Growth

Oct. 20, 2009 (Business Wire) — QuoteMedia, Inc. (OTCBB: QMCI), a leading provider of market data, corporate research information and financial applications, announced today that it ranked 219th on Technology Fast 500(TM), Deloitte LLP’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five year period from 2004–2008. QuoteMedia grew 620 percent during this period.

Robert J. Thompson, Chairman of the Board, credits supremely talented employees and a dedication to product leadership which has resulted in a comprehensive suite of outstanding technical products that are offered at very competitive prices for the company’s amazing 5 year revenue growth rate. “We have attracted a technical and support team that is intensely focused on producing ‘best of breed’ product quality and customer centric service and support,” said Thompson. We need to be the best to compete in the markets we have chosen and our growth rate is a testament to increasing customer acceptance of our products and services. All of our success is a result of the efforts of our dedicated staff and, on behalf of the Board, I want to thank them for making possible this acknowledgement by Deloitte.”

“Technology Fast 500(TM) recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth,” said Phil Asmundson, Vice Chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. “We congratulate QuoteMedia, Inc. on this accomplishment.”

Technology Fast 500(TM) Selection and Qualifying Criteria

Technology Fast 500(TM) provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Technology Fast 500(TM) website, and public company database research conducted by Deloitte. Technology Fast500(TM) award winners for 2009 are selected based on percentage fiscal year revenue growth during the five year period from 2004 to 2008. In order to be eligible for Technology Fast 500(TM) recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company’s operating revenues. Using other companies’ technology or intellectual property in a unique way does not satisfy this requirement.

Technology Fast 500(TM) award eligibility requirements also include base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. These revenues must have more than doubled between 2004 and 2008. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.

About QuoteMedia, Inc.

About Deloitte

As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

QuoteMedia Wins Contract to Provide Streaming Portfolio Management Solutions to JitneyTrade

Tom — Mon, 28 Sep 2009 13:56:09 +0000

Sep. 28, 2009 (Business Wire) — QuoteMedia, Inc. (OTCBB: QMCI) announced today an agreement to provide streaming real-time portfolio management, and comprehensive financial market data and research information, to JitneyTrade, an online Canadian broker specializing in active traders.

Under the terms of the contract, JitneyTrade is integrating a wide array of QuoteMedia’s offerings into the services it provides to its brokerage customers. Contracted QuoteMedia services include raw quote and research data via QuoteMedia’s DataFeed solutions, and an extensive array of QuoteMedia’s content and research products. In addition, JitneyTrade will provide its clients with QuotestreamTM Desktop and Quotestream Wireless, QuoteMedia’s companion streaming real-time portfolio management system.

“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,” says Francesco Pasin, President and Chief Executive Officer of JitneyTrade. “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.”

The partnership is a significant opportunity for QuoteMedia as well, according to QuoteMedia, Ltd. CEO Dave Shworan.

“JitneyTrade is emerging as a leading Canadian broker for active traders by providing the right combination of experience, knowledge, client service, technology and information,” said Shworan. “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.”

About JitneyTrade

JitneyTrade is a Canadian online broker specializing in the trading of equities, options and futures. The firm was founded in 2001 for professional traders who were trading on the floor of the Montreal Exchange. A participating organization of the Toronto Stock Exchange, the TSX Venture Exchange and the Montréal Exchange, JitneyTrade is also a member of Investment Industry Regulatory Organization of Canada and the Canadian Investor Protection Fund. For further information please, visit our Web site www.JitneyTrade.com.

About QuoteMedia

QuoteMedia Reports 7% Increase in Revenue for Q2 2009

Tom — Sat, 15 Aug 2009 00:33:08 +0000

Aug. 14, 2009 (Business Wire) — QuoteMedia, Inc. (OTCBB: QMCI), a leading provider of market data and financial applications, announced financial results for the three and six months ended June 30, 2009. These results reflect a 7% increase in second quarter revenue, to $1,836,736 from $1,724,396 in the comparative period in 2008. Revenue for the six months ended June 30, 2009 increased 10%, to $3,747,560 from $3,412,071 in the comparative period in 2008.

“As expected, the global recession has continued to affect QuoteMedia’s revenue growth, which remained relatively flat during the second quarter of 2009, and we anticipate that the weakened economy will result in moderated growth for the balance of the year,” says Keith Guelpa, President of QuoteMedia, Inc. “However, this economic downturn continues to be a source of opportunity as the added pressure on financial sector firms to find more efficient and cost effective solutions to their data and technology needs is opening many new doors for QuoteMedia’s offerings. The general trend has been the reduction or termination of services by some smaller clients who are struggling or ceasing operations as a result of the current market conditions, while larger prospective new clients have been approaching us about replacing their current solutions. In some cases, these larger opportunities will take extended periods to produce revenue streams, given the scale of the contemplated deployments and the time required to terminate their existing provider contracts. During the quarter, Quotestream Professional, our streaming real-time market data terminal for brokers and financial professionals, has garnered increasing interest and broader market penetration, with a significant number of new client firms commencing their initial rollout. Additionally, the company has completed negotiations with respect to several large scale enterprise deployments encompassing solutions spanning a wide array of our product offerings.

“We experienced a loss for the second quarter of $200,819 compared to a loss of $360,758 in the comparative quarter. The loss for the six months ended June 30, 2009 was $401,125 compared to a loss of $715,677 in the comparative period. This represents a 44% improvement in operating results for the three and six month periods. 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.”

About QuoteMedia

Statements about QuoteMedia’s future expectations, including future revenue, earnings, and transactions, as well as all other statements in the press release other than historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. QuoteMedia intends that such forward-looking statements be subject to the safe harbors created thereby. These statements involve risks and uncertainties that are identified from time to time in the company’s SEC reports and filings and are subject to change at any time. QuoteMedia’s actual results and other corporate developments could differ materially from that which has been anticipated in such statements.

QuoteMedia Announces Enterprise Agreement with TradePMR

Tom — Wed, 03 Jun 2009 13:50:46 +0000

QuoteMedia, Inc. (OTCBB: QMCI), a leading provider of market data, corporate research information and financial applications, announced today an enterprise agreement with TradePMR, Inc. TradePMR is a major provider of brokerage and custody services, and related technology, to the financial services industry.

TradePMR will integrate a wide array of QuoteMedia’s offerings into its eCustody platform, which it currently provides to 420 independent RIA firms for use by their investment advisors.

Contracted QuoteMedia services include raw quote and research data via QuoteMedia’s DataFeed solutions, and an extensive array of QuoteMedia’s 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,” says 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’re very pleased to be partnering with TradePMR,” says 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.”

About TradePMR

TradePMR is a privately held brokerage firm (Member FINRA/SIPC) located in Gainesville, Florida. Since 1999, it has been a leading provider of Brokerage and Custody services to Independent Registered Investment Advisors (RIAs) and their clients by providing an integrated web-based workstation that enables RIAs to run their practices more efficiently and effectively.

About QuoteMedia, Inc.

TradePMR
Fred Van Den Abbeel, Executive Vice-President/RIA
1-888-723-3767
or
QuoteMedia Ltd.
Dave Shworan, CEO
1-877-311-9911, ext. 101
contactus@quotemedia.com

QuoteMedia Reports 13% Increase in Revenue for Q1 2009

Tom — Mon, 18 May 2009 13:42:09 +0000

QuoteMedia, Inc. (OTCBB: QMCI), a leading provider of market data and financial applications, announced financial results for the three months ended March 31, 2009. These results reflect a 13% increase in first quarter revenues, 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,” says 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. In particular, Quotestream Professional, our streaming real-time market data terminal for brokers and financial professionals, has garnered increasing interest and broader market penetration during the quarter, notwithstanding the contractions in the economy. Likewise, the company has been fielding inquiries from several quarters about large scale enterprise deployments encompassing solutions ranging across several product lines, where the potential clients are looking to streamline data and content management, as well as costs, by consolidating their data provisioning requirements through a single provider.

“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,” says 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.”

About QuoteMedia

QuoteMedia
Dave Shworan, 877-311-9911 ext. 101
contactus@quotemedia.com

QuoteMedia Reports 13% Increase in Revenue for Q1 2009

Tom — Fri, 15 May 2009 13:52:30 +0000

About QuoteMedia

QuoteMedia
Dave Shworan, 877-311-9911 ext. 101
contactus@quotemedia.com