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FinancialContent Engages California News Tech as Exclusive MediaSentimentTM Provider
SAN FRANCISCO, CA--(MARKET WIRE)-August 15, 2005 -- California News Tech (OTCBB: CNTE) today announced that it has entered into a partnership with FinancialContent, Inc. (OTCBB: FCON) to be the exclusive provider of media sentiment data across FinancialContent's network of more than 400 online financial channel deployments.
California News Tech's MediaSentimentTM software tools automatically measure and analyze perception of publicly-traded companies by tracking more than 6,500 media Web pages which cover national TV newscasts, 100 of the most widely read daily newspapers, 30 local TV stations, and more than 6,000 news sections from corporate Web sites. FinancialContent will syndicate a daily summary of the results as the Media Sentiment Report. The complete results will be available at www.mediasentiment.com as a subscription service for $99.95 per year.
"California News Tech is clearly positioned as the premier source for media sentiment information," said Wing Yu, CEO of FinancialContent. "Its products offer unique insight into the stock market and equip both the individual investor and the professional trader with additional tools to sharpen their investment strategies."
"We are very excited with this opportunity to work with FinancialContent to add a unique product to its content offering." said Marian Munz, president and CEO of California News Tech. "We believe that this relationship will also enhance brand awareness and increase enrollment for our online subscription service."
About California News Tech
California News Tech is a leading provider of media sentiment information with applications in a wide range of business sectors. A web-based subscription service is available at www.mediasentiment.com. For more information about California News Tech, please contact corp@californianewstech.com. California News Tech is publicly traded on the over-the-counter market under the ticker symbol CNTE.
About FinancialContent, Inc.
FinancialContent is a leading provider of financial data and business applications to online media and financial services companies worldwide with a client base. For more information about FinancialContent's complete suite of financial data products, please contact info@financialcontent.com. FinancialContent is publicly traded on the over-the-counter market under the ticker symbol FCON.
This news release may contain forward-looking statements made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are meant to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. While management believes such representation to be true and accurate based on the information available to the company, actual results may differ materially from those described. The company's operations and business prospects are always subject to risks and uncertainties. Important facts that may cause actual results to differ are set forth in California New Tech's and FinancialContent, Inc.'s periodic filings with the U.S. Securities and Exchange Commission.
Contacts:
Marian Munz
877-370-7401
corp@californianewstech.com
Monique Handabaka
650-837-9580
info@financialcontent.com
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