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Weekly News Digest

March 18, 2002 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITIís Twitter account: @ITINewsBreaks.

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COMTEX News Network Launches Real-Time News Operation in Europe

COMTEX News Network, Inc. has announced that its new subsidiary, the Madrid, Spain-based nFactoryCOMTEX, S.L., will offer real-time news products to the European reseller and corporate markets. COMTEX also announced that it has acquired selected senior management and assets from nFactory.

"We believe the European markets represent a significant opportunity to provide real-time news products customized to meet the needs of major portals, wireless service operators, equity trading and information sites, and corporate intranets," said Charles W. Terry, COMTEX president and CEO. "The combination of COMTEX's real-time news products and nFactory's solid reputation in the European markets provides a strong foundation from which to expand our international distribution."

nFactoryCOMTEX has started operations in Madrid under the direction of Federico Fernandez de Santos Ortiz, who has been named general manager of European operations. Santos, the former general manager of nFactory, will oversee the introduction of COMTEX products into the European markets.

COMTEX News Network, Inc. provides up-to-the minute news and analytical information. Customers receive categorized content compiled from thousands of sources that is further enhanced with an extended lexicon of relevant terms. COMTEX processes about 20,000 news stories each day from domestic and international providers and produces real-time custom news products that are used in over 1,000 Web sites and online financial and business information services.

Source: COMTEX News Network, Inc.



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