SAN JOSE, Calif., July 8, 2003 (PRIMEZONE) -- Semotus Solutions (AMEX:DLK), a leading provider of software for mobile enterprise applications, and VhaYu Technologies, specialists in real-time tick data capture, analytics and storage for the financial industry, today announced a co-marketing alliance planned to sell into each company's respective customer base.
Currently, the alliance deals with the cross marketing of Semotus' QuoteXpress wireless financial service (www.quotexpress.com) with VhaYu's real-time analytic decision-support application called TraderBot (www.traderbot.com), the web-based service that lets users define and customize searches on a wide variety of financial information sources, including real-time prices, real-time news and historic fundamental company data. Using patent-pending technology, TraderBot performs complex searches over multiple days' worth of tick-by-tick data in less than 1/10th of a second. In 2000, Red Herring named TraderBot, now known as VhaYu, one of the top 10 trend companies for 2001.
QuoteXpress tracks the stocks chosen in a user's portfolio, sending alerts when pre-defined parameters are triggered. Smart Money has rated Semotus' QuoteXpress the No. 1 alert service, which provides "the only consistently reliable service. It always came in first, beating most rivals by several minutes."
"Semotus is particularly pleased to have formed the alliance with VhaYu because of our commitment to offering proven and practical financial information tools like TraderBot to our customers," stated Pamela LaPine, Semotus Executive Vice President. "Whether they are products developed by Semotus, or carefully chosen from another company, our customers can be sure that Semotus will always keep them on top of today's financial markets."
"With the stock market's continuing volatility and investors needing to be alerted to rapidly changing opportunities in the marketplace on an intra-day basis, entering this relationship with Semotus makes perfect sense with the 2004 upturn ahead," said Tejpal Chadha, CEO and co-founder at VhaYu Technologies. "It strengthens TraderBot's branding presence as we continue to increase our strategic focus on the institutional side of the markets, where we're eager to build on our recent success in serving online brokerages, advanced electronic trading systems and hedge funds."
About Semotus Solutions
Founded in 1993, Semotus Solutions (AMEX:DLK) is a premier provider of software for the mobile enterprise connecting employees to critical business systems, information and processes. With a Fortune 1000 installed base and more than 600 corporate customers including Lockheed Martin, Blue Cross Blue Shield, Coca-Cola, Hewlett Packard, Nextel Communications, JP Morgan-Chase and The United Nations, Semotus Solutions' software provides mobility, convenience, efficiency and profitability in the areas of workforce automation, finance, healthcare and m-commerce. Semotus Solutions is proud to be included in the Deloitte & Touche 2002 "Technology Fast 500" list of companies. www.semotus.com
About VhaYu Technologies
VhaYu Technologies, Inc. is a leader in real-time tick data capture, analytics and storage for the financial industry. Using patent-pending technology, VhaYu has developed its linearly scalable SUReTick platform for brokerage, hedge fund, research department, back testing, compliance and risk management solutions delivering a 10-time reduction in hardware costs and a 100-time improvement in performance, the latter through the simultaneous capture of market data changes in the order of 50k/second and millisecond analysis of the data. For more information, visit www.vhayu.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.