NASDAQ Completes Acquisition of PrimeZone Media Network, Leading Newswire and Multimedia Service Provider
NEW YORK, Sept. 1, 2006 (PRIMEZONE) -- The Nasdaq Stock Market, Inc. (NASDAQ(r)) (Nasdaq:NDAQ) today announced it has completed its acquisition of PrimeZone Media Network, a privately held, Los Angeles-based firm specializing in press release newswire and multimedia services.
This transaction enables NASDAQ to offer PrimeZone's comprehensive suite of information distribution and multimedia services as part of its Investor Relations and Corporate Communications suite.
PrimeZone's services will be integral to the suite of services offered by NASDAQ's Corporate Client Group. This acquisition follows NASDAQ's first quarter acquisition of Shareholder.com, a leading investor relations service provider; the January 2005 acquisition of The NASDAQ Insurance Agency, a full-service corporate insurance broker specializing in Directors and Officers liability insurance; the creation of Independent Research Network, a joint venture with Reuters to provide public companies with research coverage; and the September 2005 purchase of Carpenter Moore, management liability insurance specialists.
PrimeZone operates one of the world's leading full-text press release, photo, and multimedia distribution services. Utilizing the latest in communications technology, PrimeZone's multi-channel delivery network provides real-time, simultaneous access to key audiences around the globe, including daily newspapers, wire services, online services, databases, trade publications, institutional and individual investors, and consumers. PrimeZone offers a suite of investor relations services including EDGAR filings, IR websites, photos, webcasts, teleconferences, as well as targeting and measurement services to thousands of customers worldwide.
NASDAQ(r) is the largest electronic screen-based equity securities market in the United States. 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 category-defining companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology industries. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com or the NASDAQ Newsroom at www.nasdaq.com/newsroom/.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein may contain forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements about PrimeZone's capabilities and the suite of services offered by NASDAQ's Corporate Client Group. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the control of The Nasdaq Stock Market, Inc., which could cause actual results to differ materially from historical results, performance or other expectations and from any opinions or statements expressed or implied with respect to future periods. These factors include, but are not limited to, NASDAQ's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in the Company'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 Contacts: Wayne Lee (301) 978-4875 PrimeZone Tom Madden (310) 642-6930, ext. 102
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