NEW YORK, Nov. 16, 2006 (PRIMEZONE) -- The Nasdaq Stock Market, Inc. (Nasdaq:NDAQ) and MetricStream, Inc. today announced the launch of a portal and online community, corporate.complianceonline.com, to assist NASDAQ-listed companies in reducing the cost and complexity of compliance. ComplianceOnline.com, a business unit of MetricStream, is currently accessed by over a million users worldwide who utilize its extensive vertical search, content, regulatory alerts, and live and on-demand training resources. Its community feature allows thousands of regulatory professionals to interact online and share information.
The portal is the first site to offer a comprehensive resource with information specific to hundreds of regulations, standards and policies related to regulated industries. The site will be accessible to NASDAQ listed companies through NASDAQ's Corporate Services Network as well as through the URL corporate.complianceonline.com.
The alliance with MetricStream and its Compliance Online business unit furthers NASDAQ's strategy to provide its listed companies with access to a full suite of corporate governance services from leading providers including the National Association of Corporate Directors and Equilar. NASDAQ companies can now more easily access information on a broad range of compliance issues ranging from Food and Drug Administration, SEC, Basel, Patriot Act, OSHA, HIPPAA, and GLBA guidelines to Environmental, FERC/Energy and ISO 9000 standards among others.
Bruce Aust, Executive Vice President of the NASDAQ Corporate Client Group, said, "Compliance Online has created a resource that aggregates a tremendous amount of information in a very user friendly, efficient, and transparent fashion. They have truly innovated in the risk and compliance space. We are aligning with ComplianceOnline to bring new and better solutions to companies to aid them in more efficiently and successfully navigating a wide range of federal and industry-specific regulatory requirements."
"This launch with NASDAQ strengthens our approach of combining expert-generated content and process automation to help companies manage their governance, risk and compliance better," said Shellye Archembeau, CEO, MetricStream. "With this portal, MetricStream continues to demonstrate its market leadership in this space."
NASDAQ Corporate Services provides access to products, services and information to NASDAQ companies with the intent of facilitating transparency, mitigating risk and inspiring better corporate governance. For more information about NASDAQ Corporate Services, visit www.nasdaq.net.
About MetricStream, Inc.
MetricStream is a market leader in Enterprise-wide Compliance and Quality Solutions for global corporations. MetricStream solutions are used by leading corporations such as Fairchild Semiconductor, Hitachi Computer Products (America), Pfizer, Subway and TaylorMade-Adidas Golf in diverse industries such as Automotive, Food, Pharmaceuticals, Manufacturing and Electronics to manage their quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as by over a million compliance professionals worldwide via the ComplianceOnline.com portal. MetricStream is headquartered in Redwood Shores, California and can be reached at www.metricstream.com
NASDAQ is the largest U.S. electronic stock market. With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at http://www.nasdaq.com or the NASDAQ Newsroom at http://www.nasdaq.com/newsroom/.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein may contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements may include, but are not limited to, statements about the nature, timing and expected benefits of NASDAQ's alliance with MetricStream and corporate.complianceonline.com and the NASDAQ Capital Markets Group. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ's control. These factors include, but are not limited to factors detailed in NASDAQ's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
CONTACT: NASDAQ Media Contact: Bethany Sherman (212) 401-8714 B3 Communications Media Contact: Laurie Gibson (650) 969-0764
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