Information Today
Volume 19, Issue 5 May 2002
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COMTEX News Network Launches Real-Time News Operation in Europe

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 or http://www.nfactorycomtex.com.

Source: COMTEX News Network, Inc., Alexandria, VA, 703/820-2000; http://www.comtexnews.net.

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