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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.
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.
As stated by Keith Guelpa, president of QuoteMedia, Inc., “This is our 18th consecutive quarter of revenue growth, reflecting the broadening market acceptance of our full line of financial data products and the increasing depth of our data offerings, which now cover over 65 stock exchanges worldwide.”
About QuoteMedia, Inc. (OTCBB: QMCI)
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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.