re: ProphetX
February 12 2004 - 2:00AM
UK Regulatory
RNS Number:2927V
CMS WebView PLC
12 February 2004
12 February 2004
CMS WebView wins rights to distribute ProphetX in Europe
CMS WebView is pleased to announce that it has won the sole rights to sell and
support ProphetX, the market price display system for energy and commodity
traders, in mainland Europe. CMS's agreement with US firm DTN Market Access,
owner of ProphetX, extends the exclusive rights CMS has to market ProphetX in
the UK.
Since last summer, when CMS began marketing ProphetX in the UK, it has
successfully sold the service to over 20 corporate clients including Vitol and
E.D & F Man, both multinational commodities trading companies, as well as Fortis
Bank. CMS believes the close working relationship it has developed with DTN, and
its experience of selling ProphetX in the UK, should help it quickly penetrate
the extensive European market.
Following the agreement with DTN, CMS is actively recruiting a network of agents
to handle the increased sales activity.CMS has begun preliminary discussions
with several possible agents and plans to have them operating initially in the
major European commodity trading centres. It is anticipated that initial
agreements will be in place by the end of the first quarter. Until then, CMS's
London office will handle European sales.
ProphetX is a professional real-time market display and analysis product for
commodity traders that has been developed by US company DTN Market Access.
Typically priced at #200 per month per terminal, it has already proved popular
in the USA, selling over 4,000 terminals.
Bob Antell, Chief Executive of CMS, commented:
"We're looking forward to building on the success already achieved in the UK and
obtaining further sales in Europe. We're starting our entry into Europe via the
major commodity trading centres, where a number of our current clients have
branches or indeed their headquarters. These therefore represent likely
opportunities for immediate sales."
Corey Meyer,President of DTN Market Access, said:
"DTN has been impressed with CMS's efforts to-date and we are pleased to build
on our strong relationship by extending CMS's sales territory to include Europe.
ProphetX continues to be a core and strategic element of DTN's business. We look
forward to building on our own success of ProphetX sales in the USA with this
extension of our relationship with CMS."
For further information, please contact:
Bob Antell/Peter Blogg Neil Boom/JennyLeahy
CMS WebView plc Gresham PR Ltd.
020 7744 7722 020 7404 9000
Notes to editors:
About CMS WebView plc
CMS WebView plc (www.cms.co.uk) listed on the Alternative Investment Market of
the London Stock Exchange (AIM: CWV) in August 2000. Since its original
formation in 1982, CMS WebView plc (CMS) has developed extensive expertise in
the area of real-time market data collection, processing and distribution.
Until 1997, when a management buy-out took place, CMS was a subsidiary of LIFFE
and formerly of the London Commodity Exchange.
CMS's lead product - Transactional Data Interface (TDI) - enables clients to
control the collection, processing and distribution of mission critical datafor
their business needs. TDI customers include three of the world's leading futures
exchanges - the London Metal Exchange (LME), the Chicago Mercantile Exchange
(CME) and the Chicago Board of Trade (CBOT).
In addition to the above, CMS is also awell-established provider of Digital
Data Feeds (DDF) for the wholesale market. The company has developed DDF using
its proprietary TDI software and carries a wide range of real-time data directly
from many of the world's leading futures and optionsexchanges.
CMS has also entered into an agreement with USA based Data Transmission Network
LLC (DTN) to market its PC based price reporting service (ProphetX) in Europe -
this represents a major opportunity for CMS to target the high-end sector ofthe
quote vendor terminal market.
About ProphetX
ProphetX is owned by US-based Data Transmission Network (DTN) and CMS WebView
holds the exclusive licence to distribute the product in Europe.
ProphetX is a cost-effective professional real-time market display and analysis
product. The overall package combines data display and charting software with
DTN's proprietary feed of real-time quotes, news, weather and technical
analysis. News sources include Dow Jones, Platts, Oster Dow Jones, Petroleum
Argus, OPIS, and BTU.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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