VANCOUVER, British Columbia, July 31, 2003 (PRIMEZONE) -- Stockgroup Information Systems Inc. (OTCBB:SWEB) (TSX Venture Exchange:SWB), a financial media and technology company, announced today that it has signed a licensing agreement with Octagon Capital. Stockgroup will license Octagon Capital financial content for their website, www.octagoncap.com, provided through Stockgroup's Financial Content Software System.
Octagon is a national, independent brokerage firm catering to the financial needs of corporate, private and institutional clients. Stockgroup's solution will play a major role in this process by providing Octagon with reliable and cost-effective market data, which will be easily accessible through their website. Stockgroup's Financial Content Software System will provide a customized solution designed specifically for Octagon Capital's financial portal.
"We chose Stockgroup's solution because it allows us to deliver additional/enhanced services and information at a fraction of the cost of regular methods," said John Palumbo, CEO, Octagon Capital. "We concluded Stockgroup's Financial Content Software System provides us with the best customized solution for our most important asset, our clients."
Stockgroup's Financial Content and Software Systems are made up of a suite of over 30 proprietary financial and software tools and 100 different data sources that disseminate data from all North American Exchanges and from a database of over 21,000 publicly traded companies. Stockgroup's more than 30 different financial tools include quotes, charts, portfolio systems, technical analysis, wireless applications, watch lists and others. In addition to financial services firms, Stockgroup also provides specialized tools for the publishing industry, public companies (CFO/IRO) and corporate employee intranet markets.
"We are very pleased to provide Octagon Capital a solution to help retain and gain new customers with our technology,'said Marcus New, CEO of Stockgroup. "Our platform solution continues to secure new clients for our Financial Content Software System by providing them with a cost-effective solution."
Some of Stockgroup's products include Market Indices, Stock Charts, Stock Watch Lists, Portfolio Managers, Market Movers, Scrolling Tickers and the management of Public Company's Investor Relation websites including the automated posting of their news releases, SEC filings, and other critical disclosure components.
About Octagon Capital
Octagon Capital is an independently owned Canadian investment bank specializing in industrial, resource and energy sectors. Octagon is a member of the investment dealers association of Canada and the Canadian Investor Protection Fund. Octagon Capital prides itself with attention to detail, follow-through service and innovative ideas that lead to profitable returns.
About Stockgroup
Stockgroup Information Systems Inc. is a financial media and technology company. It is a leading provider of private labeled financial content and software solutions to media, corporate, and financial services companies. Stockgroup employs proprietary technologies that enable its clients to provide financial data streams and news combined with cutting-edge fundamental, technical, productivity, and disclosure tools to their customers, shareholders, and employees at a fraction of the cost of traditional internal methods. Stockgroup is also a provider of Public Company Disclosure and Awareness Products for publicly traded companies. Its financial web sites, including www.stockhouse.com, www.stockhouse.ca and www.smallcapcenter.com, are state-of-the-art online research centers for the investment community. To find out more about Stockgroup (OTCBB:SWEB), visit our website at www.stockgroup.com
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions "may," "could," or "might" occur.
This release has neither been approved or disapproved by the TSX