CNTE.OB
California News Tech a leading technology company, reported today that it has signed a beta test licensing agreement with HedgeStreet(R), the first Internet-based, government regulated, market which enables event derivative trading.
PublicMemory.com’s unique technology will make possible issue oriented research in a timely manner for markets raging from commodities and currencies to economic indicators, employment, fuel, housing prices, inflation, interest and mortgage rates.
“We are starting a very promising business relationship between two companies that have both brought cutting-edge technologies to the market place,” commented Mr. Marian Munz, President and CEO of California News Tech.
HedgeStreet, based in San Mateo, CA, offers binary options and futures contracts on a variety of financial and event-based markets, including innovative contracts based on such events as hurricanes. HedgeStreet’s products are designed to appeal to traders interested in hedging or speculating in these markets in smaller increments than on traditional futures and options exchanges.
While still in beta, Public Memory is already changing the way people do information research, by enabling automated issue-specific research online. The Pew Internet & American Life Project found in a 2006 survey that fully 73% of respondents, about 147 million adults, are Internet users, and that number is growing daily. As a result, users rely more and more on finding critical information online. Specifically, Pew found that in 2005, 41% of Americans, 55 million people, used the Internet to make important investment or financial decisions. Of those respondents, 16 million said that the Internet was crucial or important in their decision making process.
http://www.mediasentiment.com/