COMTEX LAUNCHES SMARTREND® 2.0 AT NY SECURITIES INDUSTRY TECHNOLOGY MANAGEMENT CONFERENCE
NEW YORK, NY - June 19, 2007 – COMTEX NEWS NETWORK, INC. (OTC BB: CMTX), a leading provider of economically useful electronic real-time news, content and SmarTrend® market products, today launches SmarTrend 2.0 – the new version of its popular online stock trend alert product – at the SIFMA Technology Management Conference at the Hilton, New York City, on June 19, 2007.
Comtex is demonstrating SmarTrend 2.0 at the 2007 Securities Industry & Financial Markets Association (SIFMA) Technology Management Conference, being held from June 19 – 21st, at the Hilton New York, 1335 Avenue of the Americas, New York City. Comtex is in Booth 1422 and invites all interested investors, press and conference attendees to try the new product (see http://www.sifma.org/tmc2007/index.html for more information on the event).
Every business day, Comtex issues up to 100 new SmarTrend UPTREND and/or DOWNTREND alerts, delivered with related news headlines when available, on more than 4,400 North American stocks included in the Comtex SmarTrend database. SmarTrend dynamically analyzes up to three years of historical stock price data coupled with real-time current-day trading information, and sends resulting alerts indicating that a price trend change has been identified. Hundreds of factors are simultaneously analyzed to result in this unique price trend change notification system. SmarTrend is based upon proprietary automated time-price series pattern recognition technology developed over the past 25 years. SmarTrend was introduced in March 2005 to institutional investors and continues to be available in various professional financial applications through Comtex’s extensive distributor network.
"SmarTrend 2.0 gives active stock market investors unparalleled information, control and flexibility over the stocks they choose, in order to maximize investment returns in both bull and bear markets," said Chip Brian, President and CEO of Comtex. "The new www.mysmartrend.com website provides easy-to-use comprehensive information to help savvy individual investors and investment professionals make well-informed decisions when investing and trading."
The all new look and improved functionality of SmarTrend 2.0 includes the addition of a Watch List feature (My SmarTrend); personalized My SmarTrend email alerts on selected stocks; interactive performance charts; and full news stories for all subscribers. Now, for each stock followed, users can sort detailed SmarTrend information by ticker symbol; trend price; trend date; days in trend; last price; percent change; and latest trend direction (i.e., UPTREND or DOWNTREND). These new sorting features can be used for all SmarTrend Alerts and/or for the new, personalized, My SmarTrend Alerts. Current subscribers have immediate access to all new SmarTrend features.
SmarTrend is available by monthly or annual subscriptions and a free product trial is available on the website. Institutional investors can also receive SmarTrend directly from a number of professional applications or directly as an XML newsfeed from Comtex.
About Comtex
Comtex (www.comtex.com) provides real-time news, Comtex SmarTrend® Alerts and economically useful information. Comtex customers receive select content from key sources which is further enhanced with stock tickers and an extended lexicon of relevant terms. With a specialization in the financial news and content marketplace, Comtex receives, enhances, combines and filters news and content received from national and international news bureaus, agencies and publications, and distributes more than one million total stories per day. Comtex’s state-of-the-art technology delivers this relevant content and reliable service in real-time. Comtex also provides several SmarTrend Alert products to consumers, including a daily stock market letter (Morning Call), selected stock news (SmarTrend Spotlights), and its banner product, SmarTrend Alerts (via subscription at www.mysmartrend.com). Comtex has offices in New York City and Alexandria, Virginia.
SmarTrend® is a registered trademark of Comtex News Network, Inc.
Please Note: Except for the historical information contained herein, this press release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, that involve a number of risks and uncertainties. These forward-looking statements may be identified by reference to a future period by use of forward-looking terminology such as "anticipate," "expect," "could," "intend," "may" and other words of a similar nature. These statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated herein, including the occurrence of unanticipated events or circumstances relating to the fact that Comtex is in a highly competitive industry subject to rapid technological, product and price changes. Other factors include the possibility that demand for the Company's products may not occur or continue at sufficient levels, changing global economic and competitive conditions, technological risks and other risks and uncertainties, including those detailed in the Company's filings with the Securities and Exchange Commission. Comtex undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
