QuoteMedia, Inc. (QMCI.OB) Reports Strong Third Quarter Results during Uncertain Economic Times
QuoteMedia, Inc. (QMCI.OB), a leading provider of stock market data and applications, announced its financial results for the period ending September 30, 2008. The company licenses interactive stock research tools like insider reports, market indices, portfolio management systems, streaming real-time quotes, and data feeds to companies such as NASDAQ, Dow Jones, Wells Fargon, Business Wire, the OTCBB, Penson Worldwide, and others. Even during this period’s upheaval in the financial markets, QuoteMedia has posted strong third quarter results. During the first nine months of 2008, QuoteMedia was able recognize a net cash balance through operating activities of $1,037,980. The net cash…