CONTACT: Jay S. Winuk
Winuk Communications
914-277-1160
646-613-7720
FOR IMMEDIATE RELEASE
EDWARD VAZQUEZ JOINS DATA DOWNLINK CORPORATION
AS SENIOR PRODUCT MANAGER
Two Other Execs Promoted, Signifying Growth and New Financing
NEW YORK, NY, August 2, 1999 . . . Benefiting from recent growth and new financing, Data Downlink Corporation announced today the hiring of Edward Vazquez as senior product manager and promoted two other company executives to senior positions. Mr. Vazquez, formerly the manager of information services at Wasserstein Perella & Company, will begin at the company on August 2, 1999.
Mr. Vazquez will have responsibility for new product development and will play a role in the acquisition of new databases and the management of searching tools that Data Downlink provides to its global banking and consulting customers. Mr. Vazquez, an information industry veteran with 16 years of related experience, is an adjunct professor at St. John�s University, where he teaches courses on business reference and information technology. Prior to his tenure at Wasserstein he was the manager of information services at The Bridgeford Group, a financial advisory firm, and was a database specialist at Morgan Stanley & Co.
-more-
"Ed enjoys a terrific, well-earned reputation in the information professional community," said Steve Goldstein, Data Downlink CEO. "He has particular expertise in the design and development of intranets for financial institutions, which has become the primary channel for information delivery in these organizations. As we enter a significant growth phase, he will play a pivotal role in developing the best possible products and services for use by information end users at financial institutions around the world."
Two Staffers Promoted
Robert DeLaney, formerly a senior account executive at Data Downlink, has been promoted to vice president of U.S. sales for the company, with direct responsibility for the company�s New York-based sales team. He joined Data Downlink in February 1999, developing relationships with global investment banks, corporations, consulting and law firms and other customers. Mr. DeLaney was previously vice president of sales for Mergerstat and was a senior sales representative for both Bloomberg and Thomson Financial Securities Data.
Barbara Koscs, also a former senior account executive at Data Downlink, has been named senior product manager focusing on the company�s existing products and databases. Prior to joining Data Downlink in 1997, Ms. Koscs was an account executive at Bridge Information Services and Knight-Ridder Financial.
"Bob and Barbara have demonstrated a keen sense of the challenges and opportunities in the information marketplace," said Steve Goldstein. "These promotions represent our confidence in their impressive abilities, and will surely help our company grow."
-more-
About Data Downlink Corporation
Data Downlink Corporation is a leading web-based provider of business and financial information. The company recently secured $4 million in financing from Flatiron Partners and Chase Capital Partners to add sales, management and programming staff and bolster its marketing efforts. Founded in 1996, the company�s roster of institutional clients now exceeds 550, accounting for more than 6,000 users.
Based in New York City, Data Downlink provides a fully indexed, comprehensive library of premium financial and business information through its web-based information services, called .xls (http://www.xls.com) and compbook (http://compbook.xls.com). Providing access to global company financial data and economic, demographic, industry, country and market-specific data, .xls allows
users to automatically download information directly into a Microsoft Excel or Lotus
1-2-3 spreadsheet. Compbook facilitates the selection, collection, presentation and analysis of a wide range of comparative company-oriented business information.
For more information about Data Downlink and its 60+ different databases on .xls or its compbook service, visit the company�s website (http://www.xls.com) or call Customer Service at 212-363-9620 in the U.S. or in London at 44 (0)20 3059 5765.
# # #