CONTACT: Jay S. Winuk
Winuk Communications
646-613-7720
FOR IMMEDIATE RELEASE
NIKKEI TO SUPPLY JAPANESE FINANCIAL DATA VIA
DATA DOWNLINK'S .xls WEB-BASED SERVICE
Data Downlink Also Adds WorldVest Base Data
Company Wins Innovation Award at Online Information 1998 Event
New York, NY - December 17, 1998 -- Effective immediately, Nihon Keizai Shimbun America, Inc. (Nikkei), a fully-owned subsidiary of Nihon Keizai Shimbun Inc., Japan's leading financial media organization, will license its financial data content electronically through Data Downlink Corporation's web-based service, .xls (www.xls.com). This is the first time Nikkei has licensed data to an Internet-based service. Data Downlink has also added WorldVest Base Inc., a leading source of international financial data, to its roster of business and financial information suppliers.
In a joint announcement today, Nikkei and Data Downlink noted that reliable financial information from Japan is otherwise difficult to find, especially in English language. Under the agreement, Nikkei will supply consolidated and unconsolidated corporate financial statements in English on Japanese listed and over-the-counter traded companies. This database covers more than 3,200 companies with historical data going back as far as 1991. Nikkei expects to offer other financial databases via Data Downlink in the future, including its index-related data and corporate earning estimates.
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"Nikkei is one of the world's premier names in financial information, and we are honored to be associated with this organization," said Steve Goldstein, chief executive officer of Data Downlink Corporation. "We're pleased to provide Nikkei with a vehicle to instantly and consistently reach a worldwide audience with its financial data."
Nikkei is Japan's largest financial publishing organization and is best known for calculating the Nikkei Stock Average, the most widely used stock price index in Japan. In addition, for nearly 30 years, Nikkei has been compiling the largest financial and economic database in Japan. Thousands of traders, bankers, analysts, portfolio managers and corporate executives rely on Nikkei to provide the most accurate and timely information regarding securities pricing, corporate actions, corporate financial statements, earning estimates and economic time series.
For more information about Nikkei, contact Nihon Keizai Shimbun America, Inc., Electronic Media Department at 212-261-6240 or at [email protected].
WorldVest Base Now Available on Data Downlink's .xls Service
The database of WorldVest Base Inc. (http://www.wvb.com), one of the largest international financial information providers to the investment banking community, is also now available on Data Downlink's .xls service. WorldVest is providing Data Downlink with its complete database, from which Data Downlink has created several reports which can be downloaded directly into spreadsheets. Philippe O. Piette Jr., WorldVest Base's president and CEO, said, "Data Downlink has a very exciting service with a unique and complementary mix of content providers. Unlike with other sources, users of .xls can access WorldVest Base's information on a per report or subscription
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basis and download our data into customizable spreadsheets."
WorldVest Base Inc. specializes in "as reported" financial information and is a leader in providing the broadest coverage of professional grade financial data to the investment banking, accounting, consulting and lending markets. The company compiles, integrates, displays and delivers a superior quality database of descriptive and analytic information on more than 12,000 non-U.S. corporations.
Data Downlink Wins "Best Technological Innovation" Award
Earlier this month, Data Downlink was awarded the "Best Technological Innovation Award" for its .xls service at the Online Information 1998 event in London. The annual awards, sponsored by Information World Review, recognize excellence in information services and products from companies worldwide.
Data Downlink Corporation, based in New York City and founded in 1996,
provides a comprehensive library of premium financial and business information through its web-based search service, called .xls (http://www.xls.com). Offering company financials and economic, demographic, industry, country and market-specific data, .xls is
distinguished by allowing the subscribing or pay-per-view user to automatically download database information live directly into a Microsoft Excel or Lotus 1-2-3 spreadsheet. For more information about Data Downlink and its 50+ different databases, visit the company's web site (www.xls.com) or call customer service at 212-363-9620 in the U.S. or in London at 44 (0)20 3059 5765.
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