THOMSON FINANCIAL SELECTS XPEDITE TO PROVIDE MESSAGING COMPONENT FOR BROKER RESEARCH
EATONTOWN, N.J. and BOSTON, Mass. (March 26, 2001) - Xpedite, a global leader in multimedia messaging and a business unit of Ptek Holdings, Inc. (NASDAQ: PTEK; www.ptek.com), today announced an agreement with Thomson Financial, a division of The Thomson Corporation (TSE: TOC). Xpedite will provide a back office messaging platform to FIRST CALL Full Circle, a workflow solution which streamlines the production, targeting, and distribution process of broker research. The agreement will allow brokers to select client profiles from First Call's database and deliver to them instantly through Xpedite's worldwide network and messageREACHSM e-mail platform. This enhancement to Full Circle will enable brokerage firms to more accurately target their research distribution to institutional money managers worldwide.
"Our goal is to facilitate the two-way flow of communications between brokers and money managers - to assist clients in creating, receiving and organizing research," said Scott Rosen, Senior Vice President of Thomson Financial's Research and Analytics Group, which includes First Call. "Working with Xpedite to deliver information to our clients' electronic address of choice, whether fax or e-mail, enhances the communication solution of Full Circle."
"Xpedite has been successful in the financial industry for more than a decade, and we are excited to add such a respected company as First Call to our growing list of customers," said Max Slifer, President of Xpedite. "We currently process more than eight million messages a day, which clearly makes us the leader in the multimedia messaging market. We plan to develop similar relationships with key industry players like First Call to continue to grow our business."
About First Call
First Call is the source for real-time broker research and quantitative data serving the global financial community. Internet-based applications pioneered by First Call deliver integrated content from over 800 brokerage firms to 40,000 institutional desktops worldwide. First Call provides accurate, comprehensive coverage of more than 18,000 companies in 60 countries, and offers analyst notes, full-text research reports, analyst estimates and other quantitative data, customized to the needs of individual users.
First Call is a unit of Thomson Financial's Research & Analytics Group, which includes First Call (www.firstcall.com), Datastream (www.datastream.com), and I/B/E/S (www.ibes.com). Thomson Financial (www.thomsonfinancial.com) is a US $2 billion provider of e-information services and integrated work solutions to the worldwide financial community.
Xpedite (www.xpedite.com) is a global leader in multimedia messaging and a business unit of Ptek Holdings, Inc. (NASDAQ: PTEK). The company offers a full range of electronic-, voice-, and fax-based information distribution and data messaging services using the company's worldwide network. Xpedite processes up to eight million messages a day, and was cited by IDC as the worldwide leader in fax-based messaging. The company's messageREACHSM (www.messagereach.com) service offers the most robust outsourced e-mail applications available, providing control, tracking, security, personalization and automated administration for high volume e-mail distribution. Xpedite's diverse client base includes such industry leaders as Boeing, Bank One, Marriott, Merck, Xerox, Chase Manhattan, as well as 67% of the Fortune 500 companies. Xpedite has sales offices in 30 locations throughout the United States and 25 international offices, including Tokyo, London, Sydney, Seoul, Singapore, Brussels, Munich, Paris, Milan, Hong Kong, Taipai and Kuala Lumpur.
About Ptek Holdings, Inc.
Ptek Holdings, Inc. (NASDAQ: PTEK) is a leading provider of communications and data services, including conference calling and Web-based collaboration; high-volume fax, e-mail and voice message delivery; and personal communications management systems that handle voice mail, e-mail and personal content. Ptek's business units include Premiere Conferencing, Xpedite and Voicecom. The company's PtekVentures investment unit has ownership interests in various new technology companies.
Ptek Holdings corporate headquarters is located at 3399 Peachtree Road NE, The Lenox Building, Atlanta, GA 30326. Additional information can be found at www.ptek.com.
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Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995 and are made based on management's current expectations or beliefs as well as assumptions made by, and information currently available to, management. A variety of factors could cause actual results to differ materially from those anticipated in Ptek's forward-looking statements, including the following factors: competitive pressures among communications services providers, including pricing pressures, may increase significantly; Ptek's ability to respond to rapid technological change, the development of alternatives to its products and services and the risk of obsolescence of its products, services and technology; market acceptance of new products and services; development of effective marketing, pricing and distribution strategies for new products and services; strategic investments in early stage companies, which have limited operating histories and are subject to significant risks, may not be successful and returns on such strategic investments, if any, may not match historical levels; the value of Ptek's business may fluctuate because the value of some of its strategic equity investments fluctuates; Ptek's strategic investments in companies that are subject to the Securities Exchange Act of 1934 are subject to the risks disclosed by those companies in their public filings; Ptek may incur significant costs and may be forced to make disadvantageous business decisions to avoid investment company status, and Ptek may suffer adverse consequences if it is deemed to be an investment company; Ptek's ability to manage its growth; costs or difficulties related to the integration of businesses and technologies, if any, acquired or that may be acquired by Ptek may be greater than expected; expected cost savings from past or future mergers and acquisitions, may not be fully realized or realized within the expected time frame; revenues following past or future mergers and acquisitions may be lower than expected; operating costs or customer loss and business disruption following past or future mergers and acquisitions may be greater than expected; the success of Ptek's strategic and other distribution relationships, including the amount of business generated and the viability of the strategic relationships, may not meet expectations; possible adverse results of pending or future litigation or adverse results of current or future infringement claims; risks associated with interruption in Ptek's services due to the failure of the platforms and network infrastructure utilized in providing its services; risks associated with the Year 2000 issue, including Year 2000 problems that may arise on the part of third parties which may effect Ptek's operations; risks associated with expansion of Ptek's international operations; general economic or business conditions, internationally, nationally or in the local jurisdiction in which Ptek is doing business, may be less favorable than expected; legislative or regulatory changes may adversely affect the business in which Ptek is engaged; and changes in the securities markets may negatively impact Ptek.
For a detailed discussion of these and other cautionary statements and factors that could cause actual results to differ from the Company's forward-looking statements, please refer to the Company's filings with the Securities and Exchange Commission, especially in the "Factors Affecting Future Performance" included in the Management's Discussion and Analysis section of the Company's Form 10-K for the fiscal year ended December 31, 1999 and in subsequent filings filed with the Securities and Exchange Commission.