QuoteMedia’s low cost data provision contracts, combined with other factors such as the Company’s uniquely streamlined, cost-effective and proprietary data delivery systems, provide healthy margins even at the wholesale level. Most of QuoteMedia’s competitors use outdated data delivery technologies based on legacy style data networks that incur more bandwidth, heavier server and network loads, higher server costs, and higher data delivery costs.
QuoteMedia is well positioned within one of the fastest growing segments of the Financial Industry, the financial data delivery marketplace. The market for cost effective, integrated market data and financial applications is driven by brokerages, clearing firms, banks and other financial services firms whose consumer clients increasingly demand easy access to this data. Financial web sites now consistently outscore every other category in depth of online usage, including even search engines, portals and online communities. Statistics indicate that sixty-five percent of those who go online seek financial information.
The overall Company’s objective is to dramatically increase its top line revenue growth primarily through capturing market share within the data feed, Mobile/PDA and financial software application market. The company will accomplish this objective by aggressively exploiting its partnership with Penson Worldwide and other clients such as banks, brokerage firms, mobile carriers and large scale web portals.
Clients for QuoteMedia services include companies in the following markets:
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QuoteMedia, Inc.
(OTCBB: QCMI)
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