NEW YORK, NY - June 12, 2006 - Comtex News Network, Inc. (OTC BB: CMTX), a leading provider of economically useful electronic real-time news, content and market alerts, today announced a joint marketing agreement with Knobias (OTC BB: KNBS), a leading provider of financial information solutions. Through this marketing agreement, the companies will distribute Comtex news, financial content and market research over the \"knobias+PLUS\" platform.
Comtex licenses an extensive catalog of news and market research products which will now be available over the innovative knobias+PLUS platform. The agreement also enables Comtex to offer a platform for new clients who are currently unable to receive and process Comtex's standard XML-delivered newsfeeds. This new marketing agreement provides Knobias with a more extensive catalog of newsfeeds to meet its customers' requirements, including Comtex's Wall Street, Finance, Business, Sports and International CustomWires. Other Comtex products offered by Knobias include Midnight Trader and Comtex SmarTrendÆ Alerts.
Chip Brian, President of Comtex, said, \"We are very pleased to be expanding and enhancing our working relationship with Knobias.\"
Ken Ivey, CIO of Knobias, said, \"Comtex is a valued business partner and we look forward to introducing new Comtex content sets which will expand our current news offerings. This new agreement also opens additional sales channels for the Knobias platform.\"
About Comtex
Comtex (www.comtex.com) provides real-time news, SmarTrend® Alerts and economically useful information to businesses whose customers need more than just facts. 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 (OTC BB: CMTX) has offices in New York City and Alexandria, Virginia.
About Knobias
Knobias, Inc. (www.knobias.com) provides a wide range of financial information solutions for all sides of the U.S. stock market. Knobias combines proprietary content and technology into efficient platforms for the consolidation, distribution and targeted presentation of investment decision information for customers and affiliates. Knobias platforms provide news, filings, fundamentals, transaction databases, calendars, research, tools and analysis for all U.S. equities with a special emphasis on small-caps. Knobias customers include retail investors, day-traders, buy-side and sell-side professionals, public issuers, financial websites and financial content providers. Knobias is traded over-the-counter under the symbol KNBS.
SmarTrend® and CSTA® are registered trademarks 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.
