PCOR Pinnacor (MM)

Comtex Expands Strategic Alliance With Pinnacor ALEXANDRIA, Va., Nov. 5 /PRNewswire-FirstCall/ -- Comtex News Network, Inc. (BULLETIN BOARD: CMTX) , a leading wholesaler of electronic real-time news and content, today announced a new, expanded strategic alliance with one of its major distributors, Pinnacor Inc. , a provider of business and financial information and analytical applications. For six years, Comtex has supplied Pinnacor and its predecessor companies with more than 50 electronic news feeds comprising information from over 250 news sources. Pinnacor integrates various elements of the Comtex news feeds into specialized products and applications for financial services companies and enterprise clients. Under the new multi-year agreement, Pinnacor expands its usage of Comtex products in its financial services solutions. This distributor agreement with Pinnacor incorporates the new wholesaler business model and pricing matrix recently introduced by Comtex. "Expanding our working partnership with Comtex resolves many challenges associated with managing news from multiple vendors with various integration formats," said Aziz Akin, Director of Content, Pinnacor. "Moreover, we are pleased to be working with Comtex's new management team, who are very responsive to our evolving needs." "Pinnacor is one of our premier distribution partners and we look forward to strengthening our working relationship and developing new products with them," said Comtex President, Larry Schwartz. "Comtex is focused on providing our distributors with products they need, at consistent, market-driven prices. Key to Comtex's future growth will be the superior level of client service and support that we deliver." About Pinnacor Pinnacor Inc. (NASDAQ:PCOR), formerly ScreamingMedia, is a provider of information and analytical applications to financial services companies and global corporations. The company delivers customized information, applications and tools that help businesses reduce costs through outsourcing and drive new revenue streams. Pinnacor's solutions encompass market data and investment analysis tools for financial services firms; critical business information for the enterprise; and personalized portal applications and messaging services for wireless carriers and ISPs. The company counts Barclays Global Investors, U.S. Bancorp Piper Jaffray, Tribune Media Services, Virgin Mobile and Verizon Wireless among its clients. Headquartered in New York City, the company also has offices in San Francisco, Calif.; Coralville, Iowa; London, U.K.; and Jerusalem, Israel. http://www.pinnacor.com/. About Comtex Comtex is a leading wholesaler of real-time news and related content for the world's leading financial and business information distributors. With a specialization in the financial news and content marketplace, Comtex receives, enhances, combines, filters and distributes news and content received from more than 10,000 national and international news bureaus, agencies and publications. The resulting news and content products -- with embedded stock tickers, key words, standardized metadata, uniform formatting and custom filters -- are all designed to meet the exacting standards required by investment professionals. http://www.comtex.com/. Please Note: Except for the historical information contained herein, this press release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, that involve a number of risks and uncertainties. These forward-looking statements may be identified by reference to a future period by use of forward-looking terminology such as "anticipate," "expect," "could," "intend," "may" and other words of a similar nature. These statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated herein, including the occurrence of unanticipated events or circumstances relating to the fact that Comtex is in a highly competitive industry subject to rapid technological, product and price changes. Other factors include the possibility that demand for the Company's products may not occur or continue at sufficient levels, changing global economic and competitive conditions, technological risks and other risks and uncertainties, including those detailed in the Company's filings with the Securities and Exchange Commission. Comtex undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. DATASOURCE: Comtex News Network, Inc. CONTACT: Amber Gordon of Comtex News Network, Inc., +1-703-797-8011, Web site: http://www.comtex.com/ http://www.pinnacor.com/

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