QuoteMedia, Inc. (QMCI.OB) Announces First Quarter Results
Today, QuoteMedia, Inc. (QMCI.OB) announced first quarter financial results for the period ending March 31, 2008. QuoteMedia is one of the leading providers of market information and financial applications. QuoteMedia announced $1,687,675 first quarter revenue, which is a 45 percent increase compared to the 2007 results of $1,160,700. This is the company’s 20th consecutive quarter of revenue growth. QuoteMedia continues to gain more market share with their line of financial products. At this time, the company provides data for over 70 exchanges located worldwide. Keith Guelpa, President of QuoteMedia, stated, “The significant revenue growth during the quarter resulted from increased…