Tuesday April 4, 8:33 am Eastern Time
Company Press ReleaseSOURCE:
Telescan Signs Agreement with xSides; To Deliver Interactive Financial Content Outside Windows(TM) Display Area
HOUSTON and SEATTLE, April 4 /PRNewswire/ -- Telescan, Inc. (Nasdaq: TSCN - news)
today announced that it signed a three-year agreement with xSides Corp., a
technology company that opens up space on computer screens for customized
display of Web applications and content, such as real-time stock quotes,
business and financial news, music and sports. xSides will provide its
patented technology to Telescan for use on the company's financial supersite,
Wall Street City®, where customers can download the xSides technology to
create a priority space on their desktops to display financial content and
analytical tools. Telescan will also offer its corporate alliance partners a
private-label version of the xSides technology. Under the terms of the
agreement, Telescan will start delivery of its content through the xSides
portal beginning this summer.
``Telescan provides financial information to customers on a priority basis,
and xSides opens up a display space for this important information that won't
be covered,'' said Bob Steinberg, Chairman and CEO of xSides Corporation. ``The
agreement allows customers to have the information they want on their desktop
at all times, regardless of what other applications they are using.''
``The xSides technology provides a direct channel for the immediate
delivery of financial data and analytics, giving the individual investor yet
another user-friendly way to access timely investment information,'' said Lee
Barba, CEO of Telescan. ``This summer our customers will have non-interfering,
instant access to stock quotes and business and financial news.''
The patented xSides technology (U.S. patent number 6,018,332) allows a
personal computer or operating system-enabled TV to deliver and display
interactive content, applications and graphics at the bottom of a user's
screen, in an alternative display area outside and independent of the
traditional operating system display area. Internet content and applications
in the xSides area of the screen won't conflict with or be covered by other
applications. xSides delivers a customized display for third-party
applications through partnerships with Internet companies. For more
information about xSides technology and potential consumer and enterprise
applications, visit http://www.xSides.com.
About xSides Corporation
xSides Corporation, formerly The Pixel Company, was established to develop
and market technologies that allow applications and Internet content to be
displayed in new real estate on the computer screen.
The xSides technology
opens up space on consumers' screens that is always accessible, but never
interferes with what users want to do on their personal computers -- Internet
content and services in the xSides area of the screen won't conflict with or
be covered by other applications.
xSides (http://www.xsides.com) is privately
funded and based in Seattle.
Houston-based Telescan (http://www.telescan.com) is an industry leader in
providing Internet services to the financial and publishing industries and
proprietary analytics and content to individual investors.
Internet supersite, Wall Street City® (http://www.wallstreetcity.com),
provides a powerful suite of search tools, technical analysis and financial
Telescan's wholly owned subsidiary, INVESTools Inc., operates the
leading investment advisory subscription Web site (www.investools.com),
featuring portfolio advice from proven money managers.
Telescan provides Internet services via private-label and co-branded
versions of its proprietary Internet technology to many of the nation's
leading financial services and media companies, including America Online,
American Express, Fidelity Investments, Forbes, GlobalNetFinancial, NBC, and
Time Inc. New Media (Fortune).
xSides Corporation is a trademark of xSides. Other product and company
names herein may be trademarks of their respective owners.
statement under the Private Securities Litigation Reform Act of 1995: Except
for historical information, the matters discussed in this news release that
may be considered forward-looking statements could be subject to certain risks
and uncertainties that could cause the actual results to differ materially
from those projected.
These include uncertainties in the market, competition,
legal, success of marketing efforts and other risks detailed from time to time
in the company's SEC reports.
The company assumes no obligation to update the
information in this release.