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Author Topic: SWEB is HOT! Another nice Canadian Co!
Love the Market
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I wish I had the cash free to get in at .31 - It's up to .37 now. I can't take credit for this though - it was the pick of a service I subscribed too. I just wanted to contribute because I've learned soooo much from so many wonderful, giving people on these forums. I'm fairly new - and the only one I kept recommending was ARGY, between .30 and .45 (on the <.10 board - sorry, I was new). Now it's over $2.50 in 3 weeks and out of most people's reach, although it as swings down to $1.80ish back to $2.75ish range.

Best to all,
Steve in Florida

Recent News - On September 24 SWEB and The Associated Press announced that they have signed a licensing agreement with the St. Petersburg (Florida) Times. As a result of the agreement, the Times will license a suite of news, market data and financial applications powered by SWEB’s Financial Content Software System.


CEO Marcus New remarked, "Our relationship with The Associated Press has progressed rapidly. Our objective continues to be to provide our customers with the highest quality products and services at a fraction of the cost of building them from scratch."
On September 18 SWEB and The Canadian Press announced today that they have signed licensing agreements with five new clients. They added two leading Mutual Fund companies Mackenzie Financial and Altamira; also added were Research Capital, a leading brokerage firm and two publishers, Quebec City’s Le Soleil, and Canada’s largest publisher, Sun Media Group.

SWEB’s Financial Content Software provides in-depth equity information for all of these customers, including: quotes, exchange information, money markets and more.


Newspapers are seeking to print more relevant and interesting slices of financial data in less space and the Stockgroup service allows newspapers to do this," stated New.
And on September 5, SWEB announced it has eliminated substantially all of its debt through the early payment of all outstanding notes. SWEB has eliminated $1.8 million in notes since January 1, 2003 to make the company completely debt free.


"In today’s market there is no need for us to carry debt with 17% interest. Eliminating our debt puts our balance sheet in a stronger position to grow our business," said company CEO Marcus New. "The company’s main focus is to increase revenue by signing new long-term contracts and building on our existing recurring revenue base."



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