ADVFN.COM PLC
12 March 2001
12 March 2001
ADVFN AND THE MONEY CHANNEL ANNOUNCE COLLABORATIVE AGREEMENT
ADVFN.COM Plc ('ADVFN'), one of the UK's leading providers of financial
information, and The Money Channel PLC, the AIM-listed digital financial
television company, today announce that they have signed a collaborative
agreement.
Under the terms of the agreement, The Money Channel will provide all of
ADVFN's customers with a direct link to The Money Channel's own
subscription-based video archive service, which offers on-demand access to
video clips from the day's programming, an extensive programming archive and
daily stock tips. ADVFN's premium-service customers will also receive a full,
live broadcast stream of The Money Channel's programming.
ADVFN will receive revenue share for the video on demand element in addition
to a number of advertisement slots on The Money Channel's main broadcast
network (Sky & Telewest).
Michael Boydell, Managing Director of ADVFN, commented:
'ADVFN is committed to providing subscribers with the best possible
investment-driven information. The Money Channel's consumer-focused financial
programming greatly enhances our existing offering to customers.'
Tony Hobman, Chief Executive of The Money Channel, also commented:
'We are delighted to have joined forces with ADVFN. The tie-up is in line with
our strategy of increasing penetration of The Money Channel's programming
while enabling us to exploit the potential of related services.'
For further information please contact:
Advfn.com plc 020 7070 0947
Michael Boydell, Managing Director
Buchanan Communications 020 7466 5000
Alison Cole / Jeremy Garcia
The Money Channel Plc 020 7492 7492
Tony Hobman, Chief Executive
Bell Pottinger Financial 020 7353 9203
Wendy Timmons / Catherine Lees
Notes to Editors:
On The Money Channel
The Money Channel, currently broadcast to more than 5.3 million homes through
Sky digital (Channel 516), Telewest (Channel 614) and
www.themoneychannel.co.uk, is a 24-hour digital television channel dedicated
to consumer orientated financial programming and accessible live market
coverage.
On ADVFN
ADVFN supplies via WAP-enabled devices real time prices, personalised shares
monitor, level 2 data, top gainers and losers, news and company announcement
headlines.
ADVFN provides professional quality shares data to private investors from its
web site at www.advfn.com, its WAP services (http://mobile.advfn.com/wap/) and
its interactive television channels with Telewest.
It also provides education services through its wholly owned subsidiary,
Success Events Limited (www.success-events.com).
Since going live in the last quarter of 1999, ADVFN has quickly become a
leader in its market and recently announced that its web site had achieved 1.5
million page impressions in a day. ADVFN floated on AIM in March 2000.
ADVFN has begun a strategy of international expansion and recently announced
the opening of its French web site at www.advfn.fr.
Its current services include:
* Free real-time prices direct from the Stock Exchange
* Premium site with level 2 data at £35 per month
* User-configurable alerts to e-mail and mobiles
* Comprehensive fundamental data
* Stock monitor. Track stocks - with automatic updates
* Portfolio service. Update and track your portfolios
* Fast quotes
* Top Lists
* Newswire (RNS, AFX and ADVFN in-house journalists)
* Trade Analyser
* Charts (historic, intraday, Microscope)
* Data download area
* Informed and active Bulletin Boards
* Investment education through its subsidiary Success Events Limited
* Interactive Digital Television Channel in conjunction with Telewest
* WAP services directly and via Breathe and Orange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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