CMS WebView Signs Up Another Three Clients For ProphetX

Nidera UK Ltd., a leading supplier of cereals, oilseeds and proteins to domestic and international markets, is one of three additional new clients to subscribe to ProphetX, the market price display system for energy and commodity traders sold under exclusive licence in the UK by market data systems specialist CMS WebView plc ("CMS").

On 27th October 2003, AIM company CMS announced it had successfully signed up Vitol and E.D & F Man, both international commodities trading companies, to the ProphetX system. CMS has now signed a total of 15 new clients, including Fortis Bank and Olam International since July 2003 when it began fully marketing the product in the UK.

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.

The ProphetX system combines live market data, powerful analytical tools, as well as up-to-the minute news. ProphetX can be internet-delivered or installed on a firm's network. And because it has been developed for use on standard Microsoft platforms, users are already familiar with the on-screen environment. Moreover, the system can be accessed remotely, allowing it to be used when traders are away from their desks.

Commenting on the new client wins, Bob Antell, Chief Executive of CMS WebView, said: "We're very pleased to welcome Nidera UK among our growing list of clients. The level of sales of ProphetX over the last three months has been most encouraging, which proves that there's clearly an appetite for a commodities price display system that's easy-to-use, has high quality data and news, yet is very competitively priced."

Mark Dordery, Managing Director of Nidera UK Ltd., said: "We wanted a real-time market data and analysis system that met all our needs in terms of functionality, reliability and cost effectiveness. It had to be intuitive to use and be backed up with good customer support. ProphetX is a fully professional system that fits this description perfectly."

CMS estimates the target market for ProphetX to be worth over two hundred million pounds per annum in Europe. CMS will receive a significant percentage of annual revenues from ProphetX sales in the UK reflecting its substantial investment in the sales, marketing and customer support operations.