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Tue, February 3, 2009

QuoteMedia Launches Quotestream Wireless for the iPhone"


Published on 2009-02-03 05:43:35, Last Modified on 2009-02-03 05:44:41 - Market Wire
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PHOENIX--([ BUSINESS WIRE ])--QuoteMedia, Inc. (OTCBB: QMCI) announced today the launch of a custom version of QuotestreamTM Wireless for use on the iPhone™, Apple Inc.'s Internet-connected multimedia smartphone.

Quotestream Wireless is a comprehensive, feature-rich wireless market data application for PDAs, cell phones and other handheld devices that connects users to critical financial information while on the go. It features streaming 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," said 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 also a companion product to QuoteMedia's line of streaming real-time desktop applications, including Quotestream II, which is geared towards providing a professional level experience to non-professional users, and Quotestream Professional, which is designed specifically for use by financial services professionals, offering unparalleled functionality at extremely aggressive pricing. Any changes made to portfolios in either the desktop or wireless application are automatically reflected in the other.

"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," said 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."

About QuoteMedia, Inc.

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, AIM Trimark, 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 ].

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.

Apple and iPhone are trademarks of Apple Inc.

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