NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announces the integration of its Nordic and Baltic news distribution service, Company News Service (CNS), into the worldwide brand, GlobeNewswire. The combination of the two news distribution services is a natural step forward in the continuing integration of NASDAQ and OMX.
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.
“Unifying our Nordic and Baltic news distribution services with GlobeNewswireis in concert with NASDAQ OMX's transformation into a company with a world wide footprint,” said Magnus Böcker, President for NASDAQ OMX. “This integration is another milestone in our drive to provide listed companies on any continent with the forward-thinking services and communication technologies required to reach investors, media and stakeholders in the most efficient and transparent manner possible.”
Company News Service was launched in February 2007 to assist OMX-listed companies in meeting obligations of the European Transparency Directive. Today, 50% of all listed companies on NASDAQ OMX' Nordic and Baltic exchanges use the service to fulfill their regulatory requirement.
As a single distribution network, GlobeNewswire encompasses all the capabilities of CNS as well as the additional capabilities of GlobeNewswire, bringing the following enhancements to its users:
- New web address - www.globenewswire.com
- Multi-channel delivery networks providing real-time and simultaneous distribution to key worldwide audiences
- Unique distribution to the Nordic trading systems
- Online visibility on European financial websites such as DI.se, Netposten.dk, Kauppalehti.fi, DGAP.de, Borsen.dk, FT.com, Nordnet, Avanza.se, Aktietips.com etc.
- Direct distribution to the editorial news rooms at TT, SIX, Direkt, Bloomberg, Reuters and others
- Continually updated worldwide media database to reach journalists and editors
- Worldwide news placement on more than 1,000,000 market professional desktops and 500,000 private investors
- Synchronization with investor relations services from Shareholder.com
Current CNS clients will submit their press releases following the same procedure they are accustomed to. Additionally, the access to editorial and support desks is unchanged. Clients are encouraged to log-in at www.globenewswire.com.
