ADVFN Regulatory News (AFN)

30 Jun 2005 07:30

ADVFN PLC30 June 2005 News Release June 30, 2005 ADVFN announces Brazilian joint venture company - ADVFN PLC and Infolatina Ltda join forces to develop and market Brazilian stocks and shares website - ADVFN is pleased to announce that it has reached heads of agreement for theformation of a joint venture company with Infolatina. The joint venture company will create, market and promote a Portuguese-languageversion of the ADVFN website in Brazil. The site will provide local and globalstock market data by utilising ADVFN's well-established technology platforms. ADVFN will be responsible for the technical aspects of the project, whileInfolatina will be responsible for local marketing, advertising and customersupport. The Brazilian site will have a ready-made audience in the form ofInfolatina's current substantial customer base and will benefit from thecompany's 21 years of experience in providing stock market data to the Brazilianmarket. ADVFN's Latin American offering already includes Mexican and Chilean stockmarket information, which is available to all its global users. The company willshortly be announcing the launch of financial data from the Sao Paulo StockExchange - the Bolsa de Valores de Sao Paulo (BOVESPA). Clem Chambers, CEO of ADVFN, commented: "Infolatina Ltda's local knowledge andexpertise in the marketing of financial products to investors makes it a perfectfit with ADVFN in this exciting project. Brazil holds 50% of Latin America's top500 companies and has the best performing stock market in the region, making ita key target for ADVFN's global expansion plans and affording both companiesmany opportunities." Joao Luis Torres, Chairman of Infolatina Ltda, said: "This joint venture willbenefit immensely from ADVFN's status as European leader in its field. Thewebsite will provide Brazilian investors with unrivaled native-language accessto a wealth of worldwide market information and will allow them to takeadvantage of advanced analysis tools." - ENDS - NOTES TO EDITORS About Infolatina Ltda Infolatina produces technology and information packages for professional andprivate investors based around the Bovespa, BM&F and Exchanges. Including: • Real time quotes from the BOVESPA and BM&F; • Real time quotes of foreign currency trade at the exchanges • Analysis and charts • Interest rates twice a day; main bank and government fees • News on the financial market. This information can be accessed by its clients through software which updatesin real time using 64K speed private lines or via the internet. Infolatina works with many local producers and developers to produce a packagetailored to its clients needs. About ADVFN ADVFN (www.advfn.com) is Europe's number one stocks and shares Web site. Withfull real-time coverage of the London Stock Exchange, the euronext-liffe, OFEX,NASDAQ, Amex and NYSE, including FTSE, Dow and S&P indices, ADVFN providesprofessional quality information to the person on the street. ADVFN was established in the last quarter of 1999 and floated on AIM in March2000. It now has over 500,000 registered users who generate in excess of 38million page impressions a month. We currently cover the following areas in the UK, France and America: • Free real-time prices from the London Stock Exchange • EURONEXT-LIFFE • EURONEXT - Paris, Brussels and Amsterdam • NASDAQ • NYSE • AMEX • OFEX • FOREX • GTIS FOREX • NYMEX • COMEX • Russian stocks and indices • Canadian stocks, indices, options and derivatives • German stocks and indices - Xetra • Irish stocks and indices • Greek stocks and indices • Singapore stocks and indices • Helsinki Stock Exchange • Stockholm Stock Exchange • Copenhagen Stock Exchange • Warsaw Stock Exchange • Swiss Indices • Chicago Mercantile Exchange • Johannesburg Stock Exchange and indices • Level 2 data • Comprehensive fundamental data • Streaming stock charts, historic and intraday • CREST stock loan data • Portfolios • RNS and AFX news • UK's busiest financial bulletin boards • Historical data downloads • Stock monitors and filters • Covered Warrants • Trading signals • Investor Relations Web site solutions • PDA service • SMS stock quote service • Weather • Headlines - news headline and archive search For further press information, please contact: Francesca De Franco on 020 70700932 E-mail francescad@advfn.com This information is provided by RNS The company news service from the London Stock Exchange