"FirstQuote Inc. (OTC Bulletin Board: FSQT) a European provider of B-2-B real-time investor data and internet brokerage solutions, and iobox Oy a leading Helsinki-based Wireless Service Provider have signed an agreement to provide SMS and WAP-based investor information services into the fast growing European market for value-added GSM services.
"FirstQuote will be providing Web portal technology linked to SMS (Short Messaging Service) stock quote alerts and watchlist services from their impressive portfolio of browser based solutions for presenting both delayed and real-time market data content. In addition, FirstQuote will provide separately their pioneer WAP (Wireless Application Protocol) service for GSM Web-phones, recently announced, offering quotes, market summaries, top market movers, news, and charts as well as alerts and web portfolio options including the ability to enter trades from digital phones and other wireless terminals.
"FirstQuote's SMS service being launched now will allow iobox to add an additional strategic value-added service to their fast growing European base of SMS users and to prepare for the expected surge in demand for WAP services. Using the new generation of WAP enabled web phones, such as the Nokia model 7110 (Nokia: NOK), will allow service providers and telecom operators to provide their subscribers with the possibility to retrieve information from the Web to a GSM cellular phone.
"Neil Gibbons, President and CEO of FirstQuote commented: "Use of wireless solutions in enhancing delivery of market data and brokerage transactions to investors is one of the most exciting emerging business areas for FirstQuote. Partnering with iobox Oy provides an excellent synergistic opportunity for us to achieve speed-to-market for both our SMS and WAP services into their large and fast growing European user base without the need to be concerned with distribution and delivery issues."
"WAP is designed to enable Internet content and advanced technology services to be accessed on mobile phones, pagers, personal digital assistants and other wireless mediums. WAP Forum endorses handset manufacturers representing 90 per cent of world market for 200 million GSM phone users worldwide with expected growth to 500 million wireless devices by 2001. Industry analysts indicate by 2004 over 1 billion wireless subscribers will exist and that over 90% will be enabled for multi-media capabilities.