Financial Media Group, Inc. (OTCBB: FNGP)
Financial Media Group, Inc. (OTCBB: FNGP) with WallStreet Direct – its wholly owned subsidiary — received 282,673 visits, and 2.1 million page views for the one-month period. The average number of page views per unique visitor in May was 32, according to statistics provided by Web Trends, Inc.
The average length of a visit to http://www.wallst.net/ was 12 minutes and 13 seconds and there were 283,498 documents, or static pages viewed in the month.
“We have seen a significant spike in our traffic since we launched Version 3.0 in January,” said Nick Iyer, President of WallStreet Direct, “What is really exciting is the steady up tick we’ve seen in recurring visits, and unique visitors. People are discovering us and realizing that we can be a valuable resource for them to make more informed decisions, and they’re coming back.”
These visitors are comprised of retail investors and members of financial institutions. The website offers its members interviews with management of publicly traded companies, stock quotes and other financial data, an online newsletter, message boards, and other financial tools designed to aid in investment decision-making processes.
wallst.net is a strong competitor in its industry, principally because of the caliber of companies that have conducted interviews for the site. Featured companies include General Motors, Sun Microsystems, UPS, and Ingram Micro, Inc. just to name a few.
In addition to its online platform, Wall Street Direct has also developed a print newspaper, which, to date has been distributed to more than 10,000 investment professionals across the United States. In addition to receiving advertising revenue, the newspaper benefits from its wide distribution, name recognition and editorial content. Wall Street Direct has also organized several conferences, which have generated considerable attention from the investment community and from publicly traded companies.
Presenting companies have included, among others, Magnetek Inc., IPIX Corp., Aerogen, Inc. and MFIC Corp. These conferences serve to build revenues through registration fees and also have become an integral element of the Digital’s efforts to build the wallst.net brand since its inception in 2002.
Wall Street Direct has demonstrated an ability to be a full-service investment portal, offering its membership audio platforms, financial tools and wireless initiatives. Similar to CBS MarketWatch and Dow Jones, Inc., Wall Street Direct is a global provider of financial tools and information, empowering the investment community and serving as a liaison between publicly traded companies and their investors.
Wall Street Direct is carving out a niche market in investment conferences and print newspaper which have demonstrated success to date and have proven that they can significantly add to both top-line and bottom line growth.
Wall Street Direct’s ability to tap these niche markets and has allowed it to establish a leadership position in a relatively short period of time.
The primary revenue for Wall Street Direct is promotion and advertising related to marketing public companies and professional investment concerns. This is largely facilitated through the three product lines.
1) Financial website www.wallst.net
2) Investment conferences
3) Print Publications and Newspaper.
These divisions are designed to both compliment and vertically integrate the entire Company. The primary focus for the Company is to provide tools for the financial community to research and collaborate in order better their decisions and valued add their investment decision-making processes.
Take a look for yourself: http://wallst.net/index.asp
Source: Financial Media Group SEC Filing: 8K dated: January 2006
Source: PR Newswire Association
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