Corporate Background

GlobeNewswire: Ready to Meet the Changing Needs of the New Century

GlobeNewswire was launched in 1998 as an alternative press release service to the duopoly that had existed in the United States for almost 40 years. Veterans of the news release industry established GlobeNewswire on the foundation that quality service, aggressive pricing and flexible distribution would prove attractive for companies conducting business in the new century.

Founded by newswire veteran Tom Madden and Jeff Stacey, GlobeNewswire has developed a strong customer base with companies seeking state-of-the-art communications technology and the highest levels of service and dependability possible.

GlobeNewswire's leadership knows the news and wire service industries inside and out ... what works, what doesn't, what customers want, what the media wants and what technologies are appropriate.

The ever-growing GlobeNewswire newswire distribution network now reaches key wire services, more than 1,700 daily newspapers, more than 3,500 Internet sites, some 1.5 million financial desktops, thousands of weekly newspapers, trade publications, television and radio stations.

Releases distributed via GlobeNewswire reach such well-known outlets as Dow Jones, Reuters, AP, The Wall Street Journal, New York Times, Yahoo! Finance, Bloomberg, CBS MarketWatch, Lexis-Nexis and Factiva. News releases are also distributed throughout the globe through affiliate relationships in Canada, Europe, Asia and Latin America.

GlobeNewswire also provides Internet services such as IR Connect, a full-service investor relations design and Web site maintenance system, webcasting, intranet news management, teleconferencing, broadcast fax, teleconferencing services, electronic mail and other multimedia services.

GlobeNewswire is a company ready to meet the changing communications needs of the new century.