In the press release announcing a 56% increase in revenue for Q2 2007, QuoteMedia announced that it has completed the beta testing of its new QuoteStream II portfolio management product. We have been personally invited to try out the new application before it is released to the public, and found it to be very appealing and functional.
The new QuoteStream delivers true real-time data from many exchanges. Other competitors claim to have true streaming data, but they merely provide data that updates at a set interval. The application features a superior portfolio watcher, advanced charting features, stock screening based on customizable criteria, and a way to quickly see what the market movers are for the day.
The entire application can be customized with optional settings, column sorting, font size, position of modules, chart indicators, and more. The only comparable product on the market is priced over $100 per month and contains the same or similar features of QuoteStream II, which starts as low as $10 a month.
The company has stated that the reaction to the new product has been extremely positive durring beta testing and expects to launch it to the public in the third quarter of this year. We were also very impressed with the program and believe it will rapidly gain attention from many investors who are looking for an all-in-one, highly functional program.
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