Overview

GlobeNewswire, a NASDAQ OMX company, is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Large public corporations, small businesses, professional organizations and PR agencies rely on GlobeNewswire to broadcast their most market moving news to a worldwide audience.

GlobeNewswire was launched in 1998 and engineered with the internet as an infrastructure. In addition to all the "modern" distribution and broadcast efficiencies of the web, GlobeNewswire clients were immediately unburdened from the controlling legacy processes and overweight fee structures of the predominant 40 year newswire duopoly.

Since its inception, innovation has always been a driver, making GlobeNewswire an industry trendsetter with many firsts in the industry. These firsts include a free online clip report; delivery of news via html emails; a newsline and website for Homeland Security releases; an online customer service center; the first to eliminate a 15-minute delay in disclosing financial releases to all media; and the initial newswire service to offer IR website management.

In 2006, GlobeNewswire was acquired by NASDAQ OMX, expanding its technical prowess and worldwide presence. This acquisition also brought new benefits to public companies, worldwide, as GlobeNewswire distribution was synchronized with the shareholder communications solutions of it's sister NASDAQ OMX company, Shareholder.com.

In 2008, renowned Nordic and Baltic distribution network, OMX Company News Service (CNS) was unified with GlobeNewswire's systems. CNS was launched in February 2007 to assist OMX-listed companies meet their obligations of the European Transparency Directive. Today, 50% of all listed companies in the Nordic Baltic region use the service to fulfill their regulatory requirement.

This integration creates a single worldwide news distribution service with expertise on different continents, helping public companies to communicate with media and investors in local languages while addressing the regulatory disclosure requirements of markets throughout the world.