The migration of the Web to wireless devices is under way as nearly a third of sites in certain markets are offering wireless enhancements. The availability of wireless is becoming a qualifier and our partners need to be able to differentiate themselves from the competition, said Lee Barba, Chief Executive Officer of Telescan. Telescan s wireless solution enables our B2B partners to empower their clients to manage their portfolios no matter where they are located. Telescan s wireless solution is ideal for financial services companies seeking to reach out to mobile customers. The group manages more than 1.2 million active users and more than 50,000 paying subscribers.
Revenue is generated through both advertising and subscription sales.
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.