ADVFN.COM PLC
19 December 2001
ADVFN.COM PLC
19 December 2001
ADVFN.com and MobileFuture sign call revenue share WAP deal
ADVFN.COM plc, ('ADVFN') the UK's leading provider of financial information, is
pleased to announce that it has entered into an agreement with MobileFuture
relating to the provision of real-time shares data via WAP enabled devices.
Both ADVFN and MobileFuture expect the deal to be immediately revenue
enhancing, with both companies sharing revenue from users' call charges. This
represents the first phase of further planned services for ADVFN's users to be
launched in the New Year.
MobileFuture will be providing its high speed internet service to ADVFN
customers, who will benefit from the fastest available high speed wireless
internet connection and be able to download data in around 5-10 seconds. ADVFN
has experienced a significant demand for WAP services from its customer base,
which consists of over 330,000 registered users. Such services include
real-time quotes, portfolio services, intraday charts, top gainers and losers,
RNS and news headlines and stock alerts.
Martin Talks, ADVFN's Commercial Director, commented on the deal:
'We are delighted to enter into this arrangement with such an innovative
company as MobileFuture. ADVFN continues to grow its significant userbase
built on timely delivery of shares information. Premium content such as
real-time prices, intraday charts and breaking news is the data that active
investors require to be best equipped to succeed in the Markets. Through
ADVFN's WAP services this data can be accessed wherever and whenever. The
arrangement with MobileFuture not only enables us to continue to grow our
subscription base, but also to generate new revenue streams from call time.'
Andy Munro, MobileFuture's Chief Executive, also commented:
'We are very excited to be working with ADVFN, which has an unparalleled
reputation in the private investor market place. This deal further extends
MobileFuture's presence in the Financial Services sector which we regard as a
prime market for our services, due to the very nature of the data that is in
demand. People who want to download real-time share price information need an
equally timely method of retrieval and MobileFuture's connectivity is the
fastest available.'
For further information please contact:
ADVFN.COM PLC
Martin Talks (Commercial Director) 020 7070 0946
Jeremy Garcia (Buchanans Communications) 020 7466 5000
MobileFuture c/o Grandfield 020 7417 4170
Laura Foster / Gareth Penn
*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.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.