QuoteMedia, Inc. (QMCI)

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QuoteMedia, Inc. (QMCI)

Postby QualityStocks » Thu Jul 12, 2007 11:06 am

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QuoteMedia, Inc. is a leading data provider of 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 established QuoteMedia as a frontrunner in the financial market data industry.

QuoteMedia’s low cost data provision contracts, combined with other factors such as the Company’s uniquely streamlined, cost-effective and proprietary data delivery systems, provide healthy margins even at the wholesale level. Most of QuoteMedia’s competitors use outdated data delivery technologies based on legacy style data networks that incur more bandwidth, heavier server and network loads, higher server costs, and higher data delivery costs.

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Postby QualityStocks » Thu Jul 12, 2007 1:44 pm

QuoteMedia, Inc. (QMCI.OB) Announces the Distribution of Real-time London Stock Exchange Data


Today, QuoteMedia announced the addition of real-time London Stock Exchange (LSE) data. This is in addition to the AMEX, NYSE, NASDAQ, OTCBB, OPRA, and Dow Exchanges already offered.

The CEO of QuoteMedia commented that LSE is one of the world’s largest leading exchanges and has been requested by their clients and users. The inclusion of LSE data will open up new markets in the United Kingdom and the rest of Europe. In conclusion he stated, “The addition of real-time LSE data is an important first step towards expanding into the global marketplace as we add data coverage from all of the world’s major exchanges.”

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Postby QualityStocks » Thu Jul 12, 2007 1:44 pm

Revenue Up 52% at QuoteMedia. Inc. (QMCI.OB)

Business is brisk and growing at QuoteMedia, Inc. as revenue is strong.

QuoteMedia, Inc. (OTCBB: QMCI), a leading provider of market data and financial applications, announced financial results for the fiscal year ended December 31, 2006. These results reflect a 52% increase in year-over-year revenue, from $2,466,151 in 2005 to $3,742,534 in 2006.

Net cash flow from operations for the year ended December 31, 2006 was $840,285, compared to net cash flow from operations of $442,032 for the same fiscal period in 2005. At December 31, 2006 the company’s cash balance was $886,251, an increase of $216,173 from the balance at December 31, 2005.

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Postby QualityStocks » Thu Jul 12, 2007 1:45 pm

QuoteMedia, Inc. (QMCI.OB) to Provide Financial Market Data to the UK’s Leading Finance and Investment Website, Interactive Investor (www.iii.co.uk)

QuoteMedia is rapidly expanding into new markets beyond North American with its latest move. QuoteMedia, Inc. (OTCBB: QMCI) reported that it has inked a two-year agreement to provide comprehensive financial market data including streaming real-time Level 1 and Level 2 London Stock Exchange data to Interactive Investor, one of the UK’s leading online financial services providers.

Under the terms of the contract, QuoteMedia will provide streaming real-time portfolio management solutions for Interactive Investor’s 1.6 million registered account holders, including comprehensive UK and North American market data and research information such as detailed equity quotes, market depth, advanced charting, news, international indices, market statistics, stock alerts, and more.

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Postby QualityStocks » Thu Jul 12, 2007 1:45 pm

QuoteMedia, Inc. (QMCI.OB) Agrees to Provide Data to a Subsidiary of Wells Fargo & Company

QuoteMedia announced that they will be providing comprehensive financial market data and research information to H.D. Vest Financial Services, a Subsidiary of Wells Fargo & Company.

H.D. Vest began in 1983 and is now the nation’s leader for investment and financial planning services. They have over 5,100 independent Advisors managing over $27 billion in assets for over 1.8 million individuals and businesses across the United States.

The CEO of QuoteMedia stated that he is proud to offer his services to H.D. Vest Financial Services. He compliments them on their reputation for providing innovative solutions to assist the needs of their clients. In conclusion, he acknowledges the fact that QuoteMedia was selected and what it says about their high quality products.

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Postby QualityStocks » Thu Jul 12, 2007 1:45 pm

QuoteMedia Inc. (QMCI.OB) is Quickly Gaining Market Share while Adding Marquee Clients in the Huge Financial Data Delivery Market

QuoteMedia Inc. (QMCI.OB) is gaining ground on its competitors through its technological superiority, comprehensive product offerings and cost-effective product lines.

QuoteMedia provides stock market data, news feeds, and other related software solutions that rival or exceed the quality and functionality of products from others in the marketplace. QMCI is also able to offer clients considerably lower costs and reduced integration periods.

QuoteMedia continues to gain momentum, as the overall Company’s objective is to dramatically increase its revenue growth through primarily capturing market share.

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Postby QualityStocks » Thu Jul 12, 2007 1:46 pm

QuoteMedia, Inc. (QMCI.OB) Reports Strong Revenue Growth for the First Quarter of 2007

Revenue increased from $838,266 to $1,160,700 in 2007; a 38% increase. The company’s cash balance increased $241,219 from the previous balance of $1,127,470.

QuoteMedia’s deferred revenue balance increased 63% from $209,708 to $341,357. Deferred revenue represents payments received in advance from customers that will be recognized as revenue in future quarters when the services are performed.

The Company has significantly expanded their data offerings to include international market data, and much more comprehensive research information. Their new international data coverage allows the QuoteMedia to expand into the global market.

Because of the large growth, the company has been required to increase its staff and office space. In order to compensate the demand, QuoteMedia expanded all three existing offices and is opening new offices in Toronto and Dallas. Robert J. Thompson, Chairman of the Board of QuoteMedia, believes that they are positioned in a way to capitalize on major opportunities.

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Postby QualityStocks » Thu Jul 12, 2007 1:46 pm

Revenues Up 38 Percent in 1st Quarter for QuoteMedia, Inc. (QMCI.OB)

QuoteMedia, Inc. (QMCI.OB), reported their financial results for the three months ended March 31, 2007.

These results reflect a 38% increase in first quarter revenue, from $838,266 in 2006 to $1,160,700 in 2007. At March 31, 2007 the company’s cash balance was $1,127,470, an increase of $241,219 from the balance at December 31, 2006.

At March 31, 2007, QuoteMedia’s deferred revenue balance was $341,357 compared to $209,708 at March 31, 2006, an increase of 63%. Deferred revenue represents payments received in advance from customers that will be recognized as revenue in future quarters when the services are performed.

Robert J. Thompson, Chairman of the Board of QuoteMedia, Inc. noted that “the Company has gone through a tremendous growth phase. We have substantially expanded our data offerings to include international market data and much more comprehensive research information. We have developed a remarkable amount of new products, including Quotestream II, our new tick-by-tick streaming portfolio management product that caters to a much wider range of users, and particularly targets investment professionals. Our new international data coverage expands the global market for our products, including Quotestream and Quotestream Wireless, beyond the US and Canada. QuoteMedia has also significantly increased its staff and office space, expanding all three existing offices, and opening new offices in Toronto and Dallas.”

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Postby QualityStocks » Thu Jul 12, 2007 1:46 pm

QuoteMedia, Inc. (QMCI.OB) to Provide Real Time Market Data to the Private Banking Sector through IPBS

QuoteMedia and International Private Banking Systems (IPBS) announced the beginning of a strategic partnership this morning. IPBS distributes wealth management software to the private banking sector.

Now they are including QuoteMedia in their existing applications as a subscription service. Today’s financial world is very fast pace and always changing; IPBS believes that that QuoteMedia’s up to date and accurate information will benefit their customers.

Dave Shworan, CEO of QuoteMedia Ltd. complimented his company for offering customers a way to view comprehensive market data and research information all from one location. The company is pleased to work with a proven supplier such as IPBS.

Bruce Raine, Founder and President of IPBS, stated, “Together, we will deliver better, more competitively priced trading and banking solutions to the offshore market, in line with our strategy to continually enhance the value that we provide to our customers.”

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Postby QualityStocks » Thu Jul 12, 2007 1:47 pm

QuoteMedia, Inc. (QMCI.OB) Adds Over 40 International Exchanges


Quotemedia announced that it has added more then 40 new European, Asian and South American Exchanges to its current data provisioning which includes NYSE, NASDAQ, OTCBB, OPRA, Dow, London and other Exchanges.

The CEO of QuoteMedia, Dave Shworan, stated, “Expansion beyond North American exchanges has been a primary goal for QuoteMedia this year. We’re pleased to respond to the demand we’ve been experiencing for this data both in North America and abroad. It is our intention to continue broadening our coverage of international markets, as we expand the global market for our data provisions.”

The new stock markets comprise Berlin, Paris, Amsterdam, Madrid, Milan, Vienna, Tokyo, Hong Kong, Shanghai, Australia, Buenos Aires, Sao Paulo and many others.

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Postby QualityStocks » Thu Jul 19, 2007 11:12 pm

QuoteMedia, Inc. (QMCI.OB) Shares Rose +11.63% today on light volume. The company announced on Monday that Broadridge Financial Solutions, Inc. (NYSE: BR), a leading outsourcing services provider to the global financial industry, has contracted with QuoteMedia to provide streaming real-time desktop and wireless portfolio management applications to Broadridge; further enhancing Broadridge’s current service offerings to the financial community.

QuoteMedia's stock market feeds, news feed services, and financial software applications comprise a proprietary suite of custom technologies. These product offerings combine power and depth of information, with efficiency and speed, to deliver high quality content to signature clients around the world.
QuoteMedia's clients include such firms as NASDAQ Stock Exchange, Dow Jones, and Forbes.com
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Postby QualityStocks » Wed Aug 15, 2007 8:14 am

QuoteMedia, Inc. (QMCI.OB) Revenues Increase 56% in Second Quarter of 2007

QuoteMedia announced that its second quarter revenues increased from $852,871 in 2006 to $1.33 million, a 56% increase. The company’s deferred revenue balance, payments received in advance from customers that will be recognized as revenue in future quarter once services are performed, increased 48%.

Keith Guelpa, President of QuoteMedia, Inc., stated, “QuoteMedia continued on the path of revenue building during the first half of 2007. The revenue increases reported largely reflect the strong continuing trend towards an increasingly broad market acceptance of our traditional products. They also indicate the early phase impact of the recent introduction of our expanded data offerings. Our expanded data delivery capabilities include new and more extensive international market data coverage and a much more comprehensive research information capability.”

Earlier this year the company announced new international data coverage covering 40 European, Asian and South American Exchanges including Berlin, Paris, Amsterdam, Madrid, Milan, Vienna, Hong Kong, Shanghai, Australia, Buenos Aires, Sao Paulo and many others. QuoteMedia also successfully added Real-Time Level 2 London Stock Exchange data to its product line.

“After the past 2 years of product engineering and infrastructure strengthening, our short, medium and long term focus is now squarely on market penetration and revenue expansion particularly for Quotestream II™, Quotestream Pro™ and our new raw data feed capabilities. As an integral part of this focus we recently appointed Christensen as our agency of record for public relations and Market 2 World, Inc. as our new product marketing advisors,” said the President of QuoteMedia.

He continued to comment, “As previously forecasted, and consistent with our focus on expansion, we experienced a loss for this quarter of $424,902 and for the six months ended June 30, 2007 of $796,987. While we expect that we will continue to incur short term losses for several further quarters, we also expect our revenues to continue to rise and overtake the new and increased front-end cost commitments we have undertaken, which are a prerequisite to supporting the development, launch and operation of our new and internationally expanded product offerings. We believe that we are well positioned and on track to meet our longer term objectives.”


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Postby QualityStocks » Tue Aug 21, 2007 9:10 pm

QuoteMedia, Inc. (QMCI.OB) Share Prices Escalate 5.26%

The share prices of QMCI.OB increased 5.26% today on over 13,000 traded shares. The stock recently formed a double bottom reversal pattern which has been known to predict the beginning of upward trends.

Earlier last week, the company announced a 56% increase in its second quarter revenues compared to the same period last year. Deferred revenue, payments received in advance from customers that will be recognized as revenue in future quarters, increased 48% from $253,853 to $376,178.

QuoteMedia also announced that it has completed the beta testing of its new products, QuoteStream II and Quotestream Pro. The reported reaction from customers participating in the beta program has been extremely positive. The company expects both products to launch in the third quarter of this year.


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Postby QualityStocks » Wed Aug 22, 2007 8:59 pm

QuoteMedia, Inc. (QMCI.OB) Share Prices Increase 10%, Closing at High-Of-Day

QMCI.OB shares closed at $0.22 with over 17,000 traded shares. QuoteMedia’s stock has been steadily increasing since the company released its latest financial numbers for the second quarter of this year, which detailed a 59% increase in revenues.

QuoteMedia is a leading provider of financial stock market data, market news feeds, market research information, and financial software solutions. It is committed to offering superior delivery services to professional and amateur investors every day.


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Postby QualityStocks » Mon Aug 27, 2007 9:15 am

QuoteMedia, Inc. (QMCI.OB) Hires Capital Market Advisory Firm

QuoteMedia announced that Christensen will be serving its public and investor relations agency of record. The company helps global clients achieve and maintain fair valuation for their stock by combining Investor Relations, Financial Public Relations and Capital Market intelligence.

Keith Guelpa, President of QuoteMedia, stated, “QuoteMedia has now achieved the technological and business infrastructures that will enable our further expansion into several major markets globally. As we gear up now for significant growth, it is critical that we ensure that our story is being heard. Christensen has a well-deserved reputation for efficient and effective communications with the investor relations community and we are pleased to be working with them as we enter this exciting time.”

Christensen retains over 20 years of North American experience. The company owes its growing success to its unique ability to understand both the US and international capital markets. Christensen partners with its clients, and helps them to establish value in the global capital markets while providing management freedom to focus on their strengths and core activities.

Jennifer Pelczarski, Vice President of Christensen, commented, “QuoteMedia’s commitment to innovation has led to its growth from a little-known provider of financial content to websites to a well-recognized new player in the multi-billion-dollar market data industry. We are excited to be working with QuoteMedia as they enter what is expected to be their greatest growth phase to date.”


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Postby QualityStocks » Wed Aug 29, 2007 8:15 am

QuoteMedia, Inc. (QMCI.OB) to Service Millions of Potential Viewers

QuoteMedia announced this morning that it has signed a contract with Destination Television, Inc. to provide stock market data and research information. Destination Television reaches millions of potential viewers each month through its national network affiliations’ partners such as Frontier Airlines, GETv, Hollywood Video and Movie Gallery.

The President and CEO of Destination Television stated, “We are excited about our agreement with QuoteMedia and look forward to providing their premier stock information service in our relevant high-traffic out-of-home locations.”

The CEO of Quotemedia, Dave Shworan, commented, “We are very pleased that Destination Television chose QuoteMedia to provide financial information for its programming. It’s a wonderful opportunity to introduce a large audience to our company and its products.”


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Postby QualityStocks » Thu Sep 13, 2007 10:50 am

QuoteMedia, Inc. (QMCI.OB) Share Prices Increase Over 15% Thursday Morning

QMCI.OB shares continued reaching for higher prices today as the stock broke through the 50-day moving average. Many feel that QuoteMedia’s stock is deeply undervalued, especially after the company announced a 56% increase in revenue for Q2 2007.

During the second quarter, QuoteMedia added data delivery capabilities covering 40 European, Asian and South American Exchanges including Berlin, Paris, Amsterdam, Madrid, Milan, Vienna, Hong Kong, Shanghai, Australia, Buenos Aires, Sao Paulo and many others. QuoteMedia’s new international data coverage expands the company’s vision to a global market. QuoteMedia also successfully commenced providing Real-Time Level 2 London Stock Exchange data to customers in the U.K.

The President of QuoteMedia, Keith Guelpa, believes that the new capabilities had a key impact on growing the company’s order book substantially, and provides a solid base for continuing the trend of strong revenue increases. The President stated in the press release announcing the Q2 results, “We believe that we are well positioned and on track to meet our longer term objectives.”


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Postby QualityStocks » Fri Sep 14, 2007 12:34 pm

QuoteMedia, Inc. (QMCI.OB) QuoteStream II Application is Expected to be a Hit with the Investment Community

In the press release announcing a 56% increase in revenue for Q2 2007, QuoteMedia announced that it has completed the beta testing of its new QuoteStream II portfolio management product. We have been personally invited to try out the new application before it is released to the public, and found it to be very appealing and functional.

The new QuoteStream delivers true real-time data from many exchanges. Other competitors claim to have true streaming data, but they merely provide data that updates at a set interval. The application features a superior portfolio watcher, advanced charting features, stock screening based on customizable criteria, and a way to quickly see what the market movers are for the day.

The entire application can be customized with optional settings, column sorting, font size, position of modules, chart indicators, and more. The only comparable product on the market is priced over $100 per month and contains the same or similar features of QuoteStream II, which starts as low as $10 a month.

The company has stated that the reaction to the new product has been extremely positive durring beta testing and expects to launch it to the public in the third quarter of this year. We were also very impressed with the program and believe it will rapidly gain attention from many investors who are looking for an all-in-one, highly functional program.

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Postby QualityStocks » Mon Sep 24, 2007 8:34 am

QuoteMedia, Inc. (QMCI.OB) to Present at the EQUITIES Transatlantic Conference

EQUITIES Magazine announced that it will be featuring emerging companies, such as QuoteMedia, at its Second Annual Transatlantic Conference. The conference will be held at the NASDAQ MarketSite in New York City on Sept. 28, 2007, and at the London Stock Exchange on Oct. 1, 2007.

Thomas Donohue, President & CEO of the U.S. Chamber of Commerce. will be speaking about American small businesses and the subprime mortgage crash. Ken Fisher will also be a guest speaker who will offer his insight on the market and discuss his latest book.

In London, Martin Graham will be the keynote speaker. Mr. Graham is the director of the London Stock Exchange and managing director of the Alternative Investment Market. The guest speaker will be Oxford Metrica chairman, Dr. Rory Knight, who brings years of experience and insight.

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Postby QualityStocks » Mon Sep 24, 2007 8:49 am

QuoteMedia, Inc. (QMCI.OB) to Increase Online Visibility by Partnering with market2world communications

QuoteMedia announced that it has retained market2world communications to help with the launch of Quotestream II, a real-time streaming portfolio management product. Market2world is a Web 2.0 product launch and social media agency that is focused on securing product previews and reviews from bloggers, podcasters, webcasting and social networking sites on the internet.

Keith Guelpa, President of QuoteMedia, stated, “We are committed to building our business and aligning with partners that can take our organization to the next level. Market2world is a top-tiered agency that takes a strategic approach to increasing online visibility. This will be essential for the highly anticipated launch of the Quotestream II product.”

The President of market2world communications commented, “Our role is to actively seek out early adopters and product influencers in the tech and financial blogging communities and social networking sites to generate an online marketing buzz for Quotestream II. Quotestream II’s advanced functionality, its ability to deliver stock quotes and news to more handheld devices than competing products, its low purchase price, and its rapid sign-on for both handheld and desktop versions promises extraordinary adoption by day traders and brokers alike.”

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