|COMTEX News Network, Inc. has announced that its new subsidiary, nFactoryCOMTEX
S.L., will offer real-time news products to the European reseller and corporate
markets. COMTEX also said it has acquired selected senior management and
assets from the Madrid, Spain-based nFactory S.L.
"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 commenced operations in Madrid under the direction
of Federico Fernandez de Santos Ortiz, whohas 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 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.
More information about COMTEX and nFactory is available at http://www.comtexnews.net
Source: COMTEX News Network, Inc., Alexandria, VA, 703/820-2000; http://www.comtexnews.net.