Jan 22.--PRNewswire/AsiaNet
NEW YORK - In an unprecedented move, Thomson Financial and PR Newswire have made it possible for all publicly traded companies, worldwide, to distribute their company news releases directly to the Thomson First Call network to reach their most critical constituency - 400,000 institutional investors, analysts and financial advisors, in real time. This key distribution now supplements PR Newswire’s traditional reach to the media, all disclosure points and thousands of Websites, databases and online services.
Through the second offering created from the new strategic alliance between Thomson Financial and PR Newswire, First Call distribution will be automatically included in all PR Newswire’s US wire distributions when issued by any company listed on a US or foreign stock market. The alliance, launched in November 2001, was created to provide comprehensive investor relations services to support the financial information needs of companies worldwide. Commenting on the magnitude of this new offering, PR Newswire’s chief executive officer Charles H. Morin said, “This is the first time ever that any public company can reach this mission-critical network of buy-side analysts and portfolio managers. Previously, First Call distribution was only available to First Call subscribers, now, any public company in the world can benefit from this powerful network through PR Newswire.”
Following an assessment of the global market needs of public companies, Thomson Financial and PR Newswire formed this strategic alliance with a pledge to create first-of-a-kind products and services. The initial offer between the two companies, launched in November 2001, provided First Call subscribers with real-time streamed webcasts of corporate earnings announcements. Today, Thomson Financial and PR Newswire have further illustrated the potential of combining their respective expertise with the launch of the PR Newswire-First Call Wire. The two companies will continue to work together to create market-leading products and services for public companies worldwide. “The goal of our alliance with PR Newswire is to create the most comprehensive set of services available to investor relations officers in the market today,” said Eric Frank, executive vice president of Thomson Financial’s Corporate Group. “Together, these first two initial offerings give public companies throughout the world an opportunity to reach one of the most influential groups of buy-side analysts. Additionally, by offering streamed corporate webcasts and news releases from all public companies alongside critical, decision-making sell-side research, we are significantly augmenting the content accessible to institutional subscribers of the First Call network, providing a more robust and value-added experience for the end-user.”
PR Newswire, http://www.prnewswire.com, is a primary source of immediate information for journalists, investors and the general public through its world-leading distribution services and online and broadcast production capabilities. Its dedicated newswire, Internet, satellite and fax network is capable of pinpoint or mass distribution to satisfy the growing global demand for breaking news, photos, audio and video directly from 40,000 organizations worldwide. Companies, industries and governments use PR Newswire to reach their audiences in more than 135 countries in 27 languages and to measure the outcome of their communications programs.
PR Newswire issues some 1,000 news releases daily to its distribution system, which encompasses more than 22,000 newsrooms, 41,000 journalists through its media web sites, 1.4 million equities terminals and 3,400 web sites and online databases.
Thomson Financial’s Corporate Group provides information and advisory services about ownership and market activity to more than 4,000 publicly traded companies and financial professionals in 45 countries. Its suite of services includes market surveillance, investor targeting, and investor relations consulting, as well as First Call broker research, notes, and earnings estimates.Thomson Financial is a US$2 billion provider of information and technology solutions to the worldwide financial community.Through the widest range of products and services in the industry, Thomson Financial helps clients in more than 70 countries make better decisions, be more productive and achieve superior results. Thomson Financial is part of The Thomson Corporation (www.thomson.com), a leading global provider of integrated information solutions for business and professional customers. The Corporation reported 2000 revenues of approximately US$6 billion and its common shares are listed on the Toronto and London stock exchanges (TSE:TOC).
Contact: Rachel Asche, Director of Public Relations, PR Newswire at 212.282.1929 or [email protected] OR Kerri Corbett, Manager of Public Relations, Thomson Financial at 646.822.2077 or [email protected].
Asian public companies can now, for the first time, distribute their news release in virtually real-time directly to 400,000 institutional investors, analysts and financial advisors through the PR Newswire-First Call Wire, a new supplement to all PR Newswire Asia’s distribution circuits, it was announced today. The PR Newswire-First Call Wire, created through a strategic alliance between Thomson Financial and PR Newswire, enables public companies to send all news releases to Thomson’s