QuoteMedia Inc. (QMCI) News

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 July 11, 2006 - 07:58 AM PST
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Stock Media Group, Inc. Chooses QuoteMedia for Exclusive Two-Year Deal to Provide Market Data

PORT WASHINGTON, N.Y., July 11 /PRNewswire/ -- Stock Media Group, Inc., is pleased to announce it has selected QuoteMedia, Inc. (OTC Bulletin Board: QMCI) as its exclusive provider of market information and financial data for a period of two-years for its wholly-owned subsidiary, www.Directstocknews.com, Inc. ('DSN').

'We are excited to be working with a company of QuoteMedia's caliber. When operating a financial website, it is extremely vital to be teamed with a company that has the resources to provide reliable and accurate data,' says Robert Bertsch, Esq., President of DSN. 'The quality of QuoteMedia's array of easy to implement financial data applications, together with their exceptional levels of service, made our choice an easy one.'

'It's great to see that our sustained efforts to deliver financial data via a more efficient, flexible, and cost-effective service are being rewarded with the recognition and trust of clients seeking the highest levels of quality, reliability and service,' says Dave Shworan, CEO of QuoteMedia, Ltd. 'We are very pleased to have been chosen as data provider for www.Directstocknews.com, and we're glad to assist them in their goal of delivering the highest possible quality content to their audience.'

About QuoteMedia, Inc.

QuoteMedia is a leading software developer and syndicator of financial market information and streaming financial data solutions to media, corporations, online brokerages and financial services companies. The Company licenses interactive stock research tools such as streaming real-time quotes, market research, news, charting, option chains, NASDAQ level 2, TSX/TSXV market depth, SEC filings, corporate financials, insider reports, market indices, portfolio management systems, and data feeds. QuoteMedia provides data and services for companies such as the NASDAQ, the OTCBB, Forbes.com, Scotia Capital, Southwest Securities, Automated Financial Systems, FBRDirect, AIM Trimark, Zacks Investment Research, ChoiceTrade, QTrade, Schaeffer's Investment Research, WallStreet*E, Business Wire and others. For more information, please visit: http://www.quotemedia.com.

About www.Directstocknews.com

The DSN website is a stock information portal where specific publicly traded and private companies deliver news directly to subscribers via e-mail. The service is free to the subscriber.

Shareholders and interested parties will have the ability to receive news releases, financial reports and other information transmitted directly from the companies using the DSN website. Subscribers only receive information for which they wish to have access.

The service is designed to bring information to subscribers while providing companies with an opportunity to reach their shareholders and/or potential shareholders in a meaningful and productive manner.

It is the user who decides which companies on the DSN website they wish to follow. The DSN website provides a user-friendly method to select the companies for which subscribers wish to receive news and updates.

DirectStockNews.com, Inc. ('DSN') is a wholly owned subsidiary of Stock Media Group, Inc. (http://www.Stockmediagroup.com)

About Stock Media Group:

Stock Media Group, Inc. ('SMG') is a privately held New York based media organization, which aims to provide advanced marketing solutions for private and publicly traded companies. SMG acts as a multimedia hub to serve the public, shareholders and companies alike.

SMG does not maintain an equity position in any of the companies profiled/featured on its websites or publications. SMG, its Board of Directors, its wholly owned subsidiaries and employees do not accept stock, stock options, warrants or restricted stock as compensation for its services.

SOURCE Stock Media Group, Inc.