Published: June 11, 2008
Comtex NewsBuzz (TM) - New Worden Brothers' Product Powered by Blocks(TM)
NEW YORK, June 11 /PRNewswire-FirstCall/ -- Comtex News Network, Inc. (OTC
Bulletin Board: CMTX), a leading provider of economically useful electronic
real-time news, content and SmarTrend(R) market products, today announced that
Worden Brothers, a top supplier of stock software and data services to
individual investors and traders, has introduced its new product, Comtex
NewsBuzz.
Worden Brothers' NewsBuzz servers scan Comtex sources each night to count
the number of relevant stories for each stock. NewsBuzz then highlights
stocks experiencing a surge in news volume -- for example, if a company
averages 10 stories a week and then suddenly surges to 25 stories, NewsBuzz
will detect this abrupt increase and highlight the stock.
NewsBuzz accesses more than 70 news sources and consolidates them inside
one window by ticker symbol. It also features the abilities to plot, sort,
scan, and backtest results along with other data. Users can sort by NewsBuzz
then flip over to the Comtex news window to read the news right alongside the
charts. Users can also plot NewsBuzz to see how a stock responded in the past
to flurries of news stories.
Chip Brian, Comtex's President and CEO, stated, "Worden Brothers developed
a powerful new tool with its Comtex NewsBuzz product -- and we're pleased to
have been selected as their news provider."
Chris Worden, President of Worden Brothers, commented, "We've been
building and testing this product in house for the last year and are excited
to introduce it as a comprehensive news product with immediate value to
investors. Comtex was a natural choice to provide the news, since their
technology is stable and easy-to-implement -- and their content is dynamically
targeted to the investing marketplace."
About Comtex
Comtex (www.comtex.com) provides real-time news, Comtex SmarTrend
Alerts(R) 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 inNew York City;Boston, Massachusetts; andAlexandria,
Virginia.
SmarTrend(R) is a registered trademark of Comtex News Network, Inc.
NewsBuzz(TM) is a trademark of Worden Brothers, 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.
Contact: Amber Gordon
agordon@comtex.com
703-797-8011
SOURCE Comtex News Network, Inc.
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