QuoteMedia Reports 5% Increase in Revenue for Q1 2010

Document Sample
QuoteMedia Reports 5% Increase in Revenue for Q1 2010 Powered By Docstoc
					QuoteMedia Reports 5% Increase in Revenue for
Q1 2010
May 12, 2010 06:17 PM Eastern Daylight Time  

PHOENIX--(EON: Enhanced Online News)--QuoteMedia, Inc. (OTCBB: QMCI), a leading provider of market
data and financial applications, announced financial results for the three months ended March 31, 2010. These
results reflect a 5% increase in first quarter revenues, to $2,003,003 from $1,910,824 in the comparative period in
2009.

“We are very pleased to see continued growth, despite the global economic downturn and the challenges facing the
financial services sector, specifically,” says Keith Guelpa, President of QuoteMedia, Inc. “As expected, these
challenges have had a considerable impact on our revenue growth, and we expect to see this trend continue in the
short term. In the latter half of this year, however, we expect to see improved revenue growth, as the projects and
opportunities that are currently in development begin producing significant revenue streams.

“In view of the economic conditions confronting our industry, we are satisfied with our performance to date, and we
believe that we continue to be on target to meet our long term objectives. We are looking forward to another
positive growth year for QuoteMedia.” 

About QuoteMedia

QuoteMedia is a leading software developer and syndicator of financial market information and streaming financial
data solutions to media, corporations, online brokerages and financial services companies. The Company licenses
interactive stock research tools such as streaming real-time quotes, market research, news, charting, option chains,
filings, corporate financials, insider reports, market indices, portfolio management systems, and data feeds.
QuoteMedia provides data and services for companies such as the NASDAQ, the OTCBB, Dow Jones &
Company, Sungard, Wells Fargo, Penson Worldwide, Broadridge Financial Systems, Ridge Clearing, Sterne Agee
and Leach, Regal Securities, Scotia Capital, Southwest Securities, Forbes, Zecco Trading, Zacks Investment
Research, General Electric, Dow Chemical, Business Wire, Kiplinger, FolioFN, Motorola, Frontline Technologies,
Captivate Network, ChoiceTrade, Qtrade Financial, CNW Group, TradeFreedom, Gmarkets, Questrade,
Schaeffer's Investment Research, WebFinance and others. For more information, please visit:
www.quotemedia.com.

Statements about QuoteMedia's future expectations, including future revenue, earnings, and transactions, as well as
all other statements in the press release other than historical facts are "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. QuoteMedia intends that such forward-looking
statements be subject to the safe harbors created thereby. These statements involve risks and uncertainties that are
identified from time to time in the company's SEC reports and filings, and are subject to change at any time.
QuoteMedia's actual results and other corporate developments could differ materially from that which has been
anticipated in such statements.

Contacts
QuoteMedia
Dave Shworan, 877-311-9911 ext. 101
contactus@quotemedia.com

Permalink: http://eon.businesswire.com/news/eon/20100512007163/en

				
DOCUMENT INFO
Shared By:
Tags:
Stats:
views:15
posted:5/12/2010
language:English
pages:2
Description: PHOENIX--(EON: Enhanced Online News)--QuoteMedia, Inc. (OTCBB: QMCI), a leading provider of market data and financial applications, announced financial results for the three months ended March 31, 2010. These results reflect a 5% increase in first quarter revenues, to $2,003,003 from $1,910,824 in the comparative period in 2009. “We are very pleased to see continued growth, despite the global economic downturn and the challenges facing the financial services sector, specifically,” says Keith Gue a style='font-size: 10px;
EON: Enhanced Online News EON: Enhanced Online News http://eon.businesswire.com
About At EON: Enhanced Online News, we show you how to make your online press release thrive. If you want to drive traffic to your website, generate sales leads, make an announcement, or promote a new product, EON: Enhanced Online News delivers the online visibility that you need. EON: Enhanced Online News powered by Business Wire.