CONTACT: Jay S. Winuk
646-613-7720
[email protected]
NewsEdge Contact: David Scott
718.229.3000
[email protected]
FOR IMMEDIATE RELEASE
NewsEdge and Data Downlink Form Alliance
NewsEdge Syndicated Content Added to Data Downlink�s
Award-Winning Custom Online Information Solutions
BURLINGTON, Mass.��February 26, 2001��NewsEdge Corporation (NASDAQ: NEWZ), a global provider of syndicated content services and electronic publishing technologies for business, today announced an alliance with Data Downlink Corporation, a leading provider of Internet-based online information services. Under the terms of the agreement, Data Downlink will add syndicated news from NewsEdge into its premier service, Portal B™. As a result, Portal B will now include customized, industry-specific topics drawn from over 2,000 sources to provide its customers with relevant news and information.
�Organizations continuously search for the best ways to keep their employees up-to-date,� said Steve Goldstein, president and CEO of Data Downlink. �With Portal B, we�ve created a place where businesses can easily access all the information they need from behind their own firewalls. The depth and precision of NewsEdge technology and editorial process make the topics it delivers the best choice for our customers.�
�Portal B is a great tool for corporations to leverage their content resources,� said Cliff Pollan, NewsEdge�s CEO. �The addition of highly targeted business-to-business syndicated news topics from NewsEdge offers Portal B customers an effective destination for all their information needs. We�re particularly excited about the linking of the NewsEdge content taxonomy to Data Downlink�s, allowing easy implementation across multiple information types.�
Effective immediately, Portal B customers will be able to choose from NewsEdge topic-based content drawn from more than 2,000 business sources. Through a unique combination of sophisticated technology and human editorial review, NewsEdge refines and delivers highly targeted topics, integrated with any Data Downlink customer portal to create action, including attracting specialized audiences, fostering high-frequency usage and making individuals and the organizations that employ them smarter.
Portal B, a fully integrated business information portal, is a comprehensive collection of Internet sites that are content-rich with business information. All sites are hand-selected, hand-indexed and hand-reviewed by information professionals. Portal B allows users to search across these sites by keyword and by categories such as Organization type, Subject, Industry and Geography. Portal B technology locates and identifies valuable information inside PDF documents and HTML tables embedded in Web pages that can be launched into spreadsheets. Portal B also provides a screening facility that allows users to identify public companies meeting specific criteria, search premium databases and integrate proprietary data their company has published.
About Data Downlink Data Downlink Corporation is a leading provider of Internet-based online information services. The privately owned company is headquartered in New York and London. In April 1997, Data Downlink introduced .xls, a service which aggregates and cross-indexes more than 70 premier business databases, delivering information directly to Microsoft Excel, HTML, Microsoft Word or PDF formats at the desktop. Other products subsequently introduced by the company include privatesuite™ fast, easy, cost-effective way to identify and retrieve profiles of privately held companies around the world-and compbook™, a tool for company peer analysis. In May 2000, Data Downlink launched Portal B, the world�s first fully-integrated business information portal.
About NewsEdge NewsEdge Corporation (NASDAQ: NEWZ) is a global provider of content solutions and electronic publishing technologies for business. Our customers include both content creators and the operators of the world�s most active Web sites. We offer technology and services for our customers to create, manage and deploy content for millions of end-users: through enterprise sites, portals, publisher Web sites and distribution channels. NewsEdge services make organizations smarter, attract specialized audiences, foster high frequency usage, promote Web site �stickiness� and ultimately cultivate commerce. NewsEdge serves thousands of sites and companies with highly targeted content solutions from the NewsEdge Refinery�, including industry-specific topics, wireless services, turn-key permission marketing and publishing tools, outsourced editorial capabilities and sub-second live news feeds and applications. The NewsEdge Refinery combines a patented combination of sophisticated technology and human editorial review to deliver highly targeted news on more than 2,000 business topics from more than 2,000 sources. NewsEdge is headquartered in Burlington, Massachusetts, with offices and distributors throughout North America, South America, Europe, Japan and the Middle East. For more information about NewsEdge Corporation visit www.newsedge.com.
�NewsEdge Corporation, 2001, all rights reserved. NewsEdge is a registered trademark of NewsEdge Corporation. All other product or service marks mentioned herein are those of NewsEdge or their respective owners.
Certain of the above statements on the Company's future revenue and financial performance are forward-looking statements that involve risks and uncertainties. Actual results could differ materially as a result of a variety of factors including risks associated with acquisitions, the timely development and acceptance of new products, competitive developments, the success of relationships with third parties, and other risk factors described from time to time in the Company's SEC reports.
For more information, contact Data Downlink in New York at 888.333.0820 or in London at 44.(0)20.3059.5765, or via email at [email protected].