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Comtex SmarTrend(TM) Alert Launched Today
Unique UPTREND and DOWNTREND Equity Alert and News Product
NEW YORK, March 7 /PRNewswire-FirstCall/ -- Comtex News Network, Inc.
(OTC:CMTX) (BULLETIN BOARD: CMTX) , a leading provider of economically useful
electronic real-time news and content, today launched the new Comtex
SmarTrend(TM) Alert (CSTA(TM)) to a limited group of its distributor partners.
The new CSTA automated pattern recognition system will generate approximately
5,000 intraday alerts each month, providing investors with a unique new tool
for evaluating equities and giving Comtex distributors an exclusive new product
offering.
Every business day, Comtex will issue approximately 250 CSTA UPTREND and/or
DOWNTREND indicators, delivered with related news headlines when available, on
more than 6,000 North American stocks included in the CSTA database. CSTA
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. CSTA is based upon proprietary automated time-price
series pattern recognition technology developed over the past 25 years.
"We are extremely pleased that Comtex has introduced a proprietary product
which provides superior, actionable information to the investment community,"
said Chip Brian, Comtex's Vice President, Operations. "We consider the new
Comtex SmarTrend Alert to be a breakthrough product in this field, and it is
exclusively available to Comtex clients and their end-users."
Comtex expects to make CSTA available to all clients by the end of this month,
and it will be offered on a free trial basis for 30 days.
About Comtex
Comtex (http://www.comtex.com/) provides real-time news and economically useful
information to businesses whose customers need more than just facts. Customers
receive categorized content compiled from thousands of 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 thousands of
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 has offices in Alexandria, Virginia and New York City.
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.
SmarTrend and CSTA are registered trademarks of Comtex News Network, Inc.
DATASOURCE: Comtex
CONTACT: Amber Gordon, +1-703-820-2000, ext. 8011, ,
or Chip Brian, +1-212-688-6240, , both of Comtex
Web site: http://www.comtex.com/