June 6, 2003 (New York, N.Y.) — Today The Nasdaq Stock Market, Inc. (NASDAQ®) announced the availability of the NASDAQ Corporate Services NetworkSM for its listed companies. The NASDAQ Corporate Services Network is an integrated on-line network of NASDAQ-qualified information and service providers designed to help companies maximize the effectiveness of their investor relations and compliance functions, while saving time and money. The NASDAQ Corporate Services Network is available at www.nasdaq.net.
"The NASDAQ Corporate Services Network provides listed companies with centralized access to products and services that make it more efficient and less expensive to do business," said Edward Kim, Senior Vice President, Corporate Client Group of NASDAQ. "Through the NASDAQ Corporate Services Network, companies are one click away from data and communications services critical to a public company."
The NASDAQ Corporate Services Network includes key services such as:
NASDAQ Online — Through the NASDAQ Corporate Services Network, listed companies have access to the same market data they have always enjoyed through NASDAQ OnlineSM. The Network is a portal to NASDAQ Online, where companies can track their stock, as well as their peers.
Press Release Distribution Services — Through the Network, companies can take advantage of press release distribution services through Market Wire distribution services including real-time integration into editorial systems at newspapers and broadcast outlets, direct feeds into newswires and databases, and re-publication on leading Web sites.
Investor Relations Services —The Investor Relations section offers listed companies access to a host of best-in-class services to make it easier to communicate with investors while meeting corporate governance and disclosure requirements. Powered by CCBN, Investor Relations Services includes Event Briefs and Transcripts, Webcasting, IR Web Site Hosting, and exclusive NASDAQ-only virtual conferences.
Insider Transaction Reporting — Through NASDAQ's partnership with Restricted Stock Systems, Inc., the Network offers listed companies an enterprise-wide infrastructure that helps ensure compliance with Section 16 Requirements of the Sarbanes-Oxley Act. As of June 30, 2003, public companies and their insiders are required to file electronic reports with the SEC within 48 hours of a change of ownership. The RSS Section 16 Manager incorporates industry best practices and
provides proactive transaction notification, comprehensive forms management, and direct electronic filing with the SEC.
Insurance and Risk Management — Available through the NASDAQ Corporate Services Network is The NASDAQ Insurance AgencySM, a full-service corporate insurance broker specializing in the protection of officers and directors, with a specific focus on providing risk management and insurance solutions to current and future NASDAQ-listed companies.
Online Compliance Training — Through WeComply, a leading provider of online compliance training, the NASDAQ Corporate Services Network provides online Code of Conduct training for employees, officers and directors in line with NASDAQ’s listing requirements.
Market Intelligence Desk — The Network provides up-to-date information about NASDAQ's Market Intelligence DeskSM, listed companies one-stop shop for timely, accurate and objective market information. The Desk uses advanced technologies to gather information that helps company executives better understand what's driving the markets through unparalleled real-time monitoring of their stock, as well as their peers' stock.
About Market Wire
Market Wire, formerly Internet Wire, is the most cost-effective distributor of company news and financial announcements, providing real-time news feeds to key newswires and databases such as AP, Bloomberg, Dow Jones, Factiva and Lexis-Nexis; major Web sites including CBS MarketWatch, Motley Fool, Yahoo! and thousands of others. Market Wire also distributes its news directly to more than 30,000 individual journalists. In addition to real-time news distribution, the company also offers EDGAR filing and Webcasting services.
CCBN is a leading provider of Web-based solutions for the investment community, offering services that transform the way companies communicate and meet disclosure requirements while assisting investors in managing and leveraging this information. Headquartered in Boston, MA, CCBN has additional offices in San Francisco and London. For more information, please visit www.ccbn.com.
About Restricted Stock Systems
Restricted Stock Systems, Inc. (RSS) (www.rssgroup.com) is a leading provider of restricted and control stock management solutions for reporting corporate insider transactions. RSS solutions automate what until now has been a complex manual process so as to significantly reduce the time and resources involved in processing and documenting insider transactions. Founded in February 2000, RSS already counts among its clients some of the world's leading financial services firms.
WeComply offers online compliance training programs on a broad range of law-related topics written and edited by practicing lawyers and academics. WeComply is the American Corporate Counsel Association's "alliance partner" for online compliance training, and its training programs are in use by numerous large and small companies worldwide. More information and sample programs are available at www.wecomply.com.
NASDAQ is the world's largest electronic stock market. With approximately 3,500 companies, NASDAQ lists more companies and trades more shares per day, on average, 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, media and biotechnology industries. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com or the NASDAQ NewsroomSM at www.nasdaqnews.com.