ADVFN PLC
17 November 2004
ADVFN AGM statement
At the Company's AGM held earlier today on 17th November the Managing Director
of ADVFN, Clem Chambers made the following statement:
'ADVFN has continued to build on the strong growth reported for the financial
year to 30 June 2004.
ADVFN is currently adding approximately 600 registered users every day and
international interest in ADVFN's products, especially from the US, has
increased considerably. US subscriber growth has increased significantly in
recent weeks with US advertising inventory sold out.
Both free and subscription services have been added on a regular basis since the
year-end and include: Free US Level 2 - Archipelago, real-time Canadian prices
and live CME. There will continue to be a constant flow of new markets and new
features added to the site. ADVFN is now compatible with the latest range of
Apple MAC computers.
Notable additions to the core ADVFN site mean we are confident of continued
growth, while the outstanding early performance of CupidBay.com holds great
potential.
All IPO - of which ADVFN has a 48.3% share - began trading yesterday with an
epic code of ALP. All IPO is a fully funded separate company having raised £1.5M
from independent investors. ADVFN is set to enjoy the benefits of its ongoing
development without shouldering the costs.
With ADVFN's market leading position in the UK, increasing traction in the
US, CupidBay.com's accelerated development and the floatation of All IPO; the
future looks very promising.'
This information is provided by RNS
The company news service from the London Stock Exchange
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