DALLAS, Sept. 27 /PRNewswire/ -- NexTrend Technologies, Inc. today announced that they would distribute breaking news from TheStreet.com to NexTrend's clientele and offer access to TheStreet.com's premium financial content through its software products. Under the terms of the agreement, NexTrend will integrate TheStreet.com's subscription-based content into its analytical software, giving easy access to both individual and institutional investors using TheStreet.com and NexTrend software. In addition, NexTrend will display daily news from TheStreet.com on its website. TheStreet.com will also offer NexTrend customers a free month trial to RealMoney.com, TheStreetPros.com and ipoPros.com, all part of TheStreet.com network. NexTrend is a leading developer of financial analysis software. Its products focus on providing easy to use decision support tools to serious investors and traders. NexTrend receives streaming, real-time data from the North American exchanges and major news providers and feeds this data into software residing on a desktop PC. Clients can perform customized analysis in real time and can access online trading from a variety of brokerage firms to execute trading decisions that result from this analysis. "Our model of client-resident software powered by internet-delivered data delivers speed, scalability and power to individual and professional investors," said Mark Cherlin, President and CEO of NexTrend. TheStreet.com serves this same audience through its network of websites by providing timely, to-the-point financial news and analysis updated before, during and after the bell by the largest independent financial newsroom on the web. "TheStreet.com's financial content is an excellent addition for our users," said Cherlin. "Our clients rely on multiple sources to get the information they demand to make informed trading decisions, and they depend on us to provide them with access to the tools they need to make informed decisions from within the NexTrend software. We believe the reliability, speed and analytical tools of our software are unmatched, and access to TheStreet.com's superior financial journalism will be a significant addition to our news offerings. Integration with TheStreet.com, a leader in financial news and commentary is an important strategic move for us. This alliance is another step toward making our product the most comprehensive tool available for investors and traders." "We recognize the importance of extending further into the financial community by offering our service through NexTrend's comprehensive and powerful streaming real time software," said Richard Auletta, Vice President, Business Development for TheStreet.com. "With this alliance, we are expanding our reach into this market through NexTrend's clientele." TheStreet.com, Inc. (Nasdaq: TSCM) is a leading producer of original, timely, comprehensive and trustworthy financial news and commentary -- through its network of free and subscription-based web sites, and through conferences, books, and wireless and broadband initiatives. TheStreet.com Network includes the free TheStreet.com site for individual investors of all experience levels, and three subscription-based satellite sites: RealMoney.com for active investors; ipoPros.com for IPO investors; and TheStreetPros.com for investment professionals. TheStreet.com brand is built on its best-in-class editorial team of experienced financial journalists based in New York City, San Francisco and London, and commentators throughout Europe and Asia. NexTrend, Inc. (http://www.nextrend.com), based in Dallas, Texas, serves as a holding company for NexTrend Technologies, Inc., a software technology company. The company offers advanced, real-time financial market data, news, fundamentals and analysis services for active traders and investors. The company markets its services through online brokers and investment service providers in the United States and Europe that are competing to attract these traders and investors. The company has developed and expects to release in the first quarter of 2001 a proprietary electronic direct access trading system ("E-DAT(SM)") that will also be offered to this market as a fully integrated service incorporating the company's financial market data and analytical services. This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any forward-looking statements, including those regarding intent, belief or current expectations of the company or its management, are not guarantees of future performance and involve risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of various factors. Such factors include, but are not limited to, general economic conditions and competitive pressures in the markets in which the company operates, regulatory changes, one-time events and other risks.
SOURCE NexTrend Technologies, Inc.