SAN JOSE, Calif., Feb. 27, 2002 (PRIMEZONE) -- Semotus Solutions (AMEX:DLK), a leading provider of enterprise application software connecting employees to critical business systems, information and processes, today announced the launch of Equity Market Pro(tm) (EMPro), a robust application built for the institutional equity trader. Using the Global Market Pro financial platform, Semotus developed EMPro with the same superior levels of customization and is deploying EMPro using its new over-the-air-programming technology (OTAP). Equity Market Pro is designed for the secure delivery of real-time financial information and news anytime, anywhere.
EMPro data is sourced from the financial industry's best content providers. Semotus is proud to be the first to provide the prestigious Dow Jones Newswires(SM) real-time information services on a wireless device for professionals. EMPro features Dow Jones News Service(SM) as its premier news source. Market data for EMPro is sourced from Reuters through a high-speed data feed; with financial data updated more than 8,000 times per second, Reuters supplies the global financial markets and news media with the widest range of information. Real-time data covering the world's financial markets provides a truly global perspective of the day's trading activities. GovPx, the quality provider of U.S. Treasury prices used by professional treasury traders, is the source for the yield curve graphs in EMPro.
Equity Market Pro is targeted to the over 400,000 Institutional professionals who use real-time equity data at a workstation and will be sold to institutions for their employees. All data provided through EMPro is completely customizable providing information specific to each trader's needs. Features include the ability to create and track an unlimited number of watch lists for either push or pull delivery, snap quotes, charts and graphs, corporate profiles, symbol lookup, indices, and world composite data. Using Semotus' powerful, patented alert technology, traders can also set up change alerts for events that are important to them. EMPro monitors any security or market indicator in real-time and sends out a wireless alert when pre-set values have been reached.
In addition to market data, subscribers will have the most powerful News features of any wireless product. The news portion of EMPro was created by working closely with the professionals from Dow Jones to give the product the most flexibility and features on the market. Not only can a trader request news stories by category, symbol, keyword or news code, but they can set up news alerts using the same parameters and stories will be pushed to their device as an alert as they hit the Dow Jones News Service wire.
All data and portfolios for EMPro can be customized on Semotus' extensive web site www.mysemotus.com for easy use and set-up. Using Research in Motion's Blackberry(tm) devices, EMPro also provides the user the ability to modify any request or portfolio right from the device, anytime.
Equity Market Pro(tm) is deployed using OTAP, Semotus' Over-the-Air-Programming (OTAP) technology. This feature allows the user to add or upgrade Semotus' Financial applications directly from their RIM device.
"We are very excited about the launch of Equity Market Pro, and anticipate that it will rapidly advance into the market leading position," states Anthony LaPine, Semotus Solutions CEO. "Equity Market Pro offers uncommon value to the financial community as a state-of-the-art wireless market data product, and it stands out from the few competing products because of the high level of customization built into the application. Financial professionals need to stay abreast of the most current changes in the market. Using the Semotus wireless technology, Equity Market Pro keeps the user wired to the financial market world, no matter where he or she is."
"Dow Jones Newswires is pleased to offer our real-time bond and currency news via Global Market Pro," said David Savage, Director of Product Management, Dow Jones Newswires. "We are excited to deliver the same level of service, anytime, anywhere, to our customers in the equity markets."
Equity Market Pro 1.0 is an addition to a dynamic suite of Wireless Financial Applications that give individual and institutional professionals instant access to real-time financial information from any location. Equity Market Pro is powered on the Global Market Pro(tm) platform and is designed for the secure delivery of real-time Equities information from anywhere. For more information about the product, and access to the online demo, please visit www.equitymarketpro.com
About Semotus Solutions
Semotus Solutions (AMEX:DLK) is a leading provider of enterprise application software connecting employees to critical business systems, information and processes. Semotus Solutions helps mobile employees make better and faster decisions, increase customer satisfaction and improve efficiencies in their business processes for shorter sales and service cycles.
With a growing enterprise customer base of more than 600 corporations including AOL Time Warner, Alcatel, Lucent Technologies, JP Morgan-Chase, Coca-Cola and Dow Jones, extended over vertical markets of workforce automation, finance, healthcare and m-commerce, Semotus Solutions enterprise application software provides mobility, convenience, efficiency and profitability. Semotus Solutions is headquartered in San Jose, Calif., with research facilities and sales offices throughout North America. For more information on our mobile application software, please visit www.semotus.com.
This press release contains forward-looking statements, which are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as ``intends, ``believes and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, successful integration of acquisitions, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the Securities and Exchange Commission. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.