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London, May 15, 2003 -- A radical breakthrough in texting technology - it has taken two years to develop - delivers key financial data and business news to mobile phones anywhere in the world. News headlines and price quotes are supplied by REUTERS, the world’s leading news service, from stock exchanges and business correspondents around the world.

Called mobiQuote, the text message system means senior executives can track the progress of shares in their own or rival quoted companies, as well as foreign exchange rates and quoted equities in their own share portfolios. Headlines from REUTERS delivers news as it breaks.

The technology has been developed by Aether Systems Ltd, a leading specialist in fast, mobile financial information which keeps thousands of City traders alert to market trends 24 hours a day. The core of the technology is based on Aether’s use of standard open source tools which construct messages to fit the 160 character SMS format, thus creating the ability to deliver eight price quotes in one SMS message. This capacity is unique to the mobiQuote service.

Financial data is sourced from major exchanges such as the Footsie 350, Footsie SmallCap, Euronext 100, CAC 40, DAX 100 and the Dow Jones 30, covering over 1000 companies as well as major world indices.

mobiQuote has been tailored to the needs of senior managers such as Chief Executives and Finance Directors who require succinct, headline figures while away from their offices. Export Directors ad international business travellers who regularly track foreign exchange rates are expected to be significant users.


Subscribers can chose up to eight financial instruments to be displayed on the mobile’s screen. Data can be received 24 hours a day, but users can also specify up to five precise times during the day for delivery of their price quotes. News headlines are transmitted when the news breaks. All the headlines are linked to shares in the portfolio.

A mobiQuote subscription costs £33 a month, including VAT, for a minimum contract period of three months. Users can also choose a pay-as-you-go rate of 25p per message, including VAT.

Aether Systems Ltd, UK arm of US parent company Aether Systems Inc, a NASDAQ
quoted company (AETH.O) has been developing the mobiQuote software over a period of two years and marks a significant step in transmitting financial data quickly and cheaply.

Julius Beltrame, Operations Manager at Aether Systems Ltd, says: “Now you don’t have to follow the market; the markets follow you. mobiQuote is a big advance in keeping business people up to date with key information when they are away from their desks or travelling. It’s fast, cost effective and you get crucial business news too.”

- ends -

NOTES FOR EDITORS

€ mobiQuote data is supplied from the following sources:

London Stock Exchange FTSE 100
FTSE 250 FTSE EUROTOP
FTSE SmallCap Euronext 100
Paris CAC 40 Amsterdam AEX
Brussels BEL 20 Deutsche Borse DAX 100
Borsa Italiana Bolsa De Madrid
Swiss Exchange Stockholmborsen
Copenhagen Stock Exchange New York Stock Exchange
NASDAQ 100 Major world indices
Major Spot and Cross FX rates REUTERS news headlines


- FREE MEDIA TRIAL OF MOBIQUOTE

€ Media seeking to test mobiQuote can set up a free one month trial through their own mobiles. Please contact Eugene Bacot or Colin Lewis on the number or e-mail addresses below

For further information contact: 020 7224 0994

Eugene Bacot
eugene@oakesbacot.co.uk
or
Colin Lewis
colin@lewispr.fsnet.co.uk

Oakes Bacot Public Relations
58 Queen Anne Street
London W1G 8HW

This press release was distributed by ResponseSource Press Release Wire on behalf of Oakes Bacot in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.