| AlphaTrade signs deal with The Elite Network - powered by Swift Trade | ||
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Vancouver, BC - November 10, 2004 - AlphaTrade.com (OTC BB: APTD) has been chosen as the preferred provider of financial market data, news and analytics to one of Canada's largest direct access electronic trading centers - the Elite Network which is powered by Swift Trade. The Elite Network is one of the largest direct access electronic trading centers in Canada with offices in Mississauga, Vancouver, London, Richmond Hill, Toronto East, Halifax and South American offices in Venezuela, Guyana and Brazil. Marcus VandenBrink, the Managing Partner of the Elite head office states "Our successful proprietary trading model enables us to expand our operations globally. We are opening an office in Caracas, Venezuela in two weeks and further expansion is expected. It was nice to find a charting provider that could deliver a high quality stock quote service that meets our current and future needs." Commented Penny Perfect, CEO of AlphaTrade.com: "We are proud to be chosen as a vendor for real-time streaming stock quotes to Team Elite's Proprietary Traders. We are finding that more top tier Investment Professionals are demanding a cost effective service that is reliable and user-friendly - we expect more professionals will seek to use the E-Gate service from AlphaTrade." She continued: "The Elite Network is focused and entrepreneurial - a business approach we share. Their model provides them with powerful growth, as does ours." AlphaTrade recently announced that its revenues were up 201% for the nine months ended September 30 and 213% for the latest three-month period compared to 2003's results. About The Elite Network, Powered by Swift Trade Headquartered in Mississauga, Ontario, the firm's proprietary traders currently trade Nasdaq, NYSE, AMEX & CME and will soon be trading the European and Asian markets. As a firm, traders execute tens of thousands of transactions daily with hundreds of millions of dollars changing hands daily. About AlphaTrade.com AlphaTrade provides a high-performance stock market data system (E-Gate) to professionals, investors and day traders at a cost effective price. Subscribers can rely on our data integrity, our intraday data and the ease of using the E-Gate system. To register for a FREE 7-Day trial, please go to www.alphatrade.com. AlphaTraders take control of their money Contact:
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SAFE HARBOR STATEMENT: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition and risk inherent in the operations of a company. |