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QuoteMedia Announces Financial Results for Q3 2016

PHOENIX, Nov. 15, 2016 (GLOBE NEWSWIRE) -- QuoteMedia, Inc. (OTCQB:QMCI), a leading provider of market data, financial web content solutions and cloud-based applications, announced financial results for the three months ended September 30, 2016. These results reflect third quarter revenue of $2,224,690, up from $2,152,977 in the comparative period in 2015, an increase of $71,713 (3%).

“We are pleased to see our hard work continuing to pay off with increased revenue growth, and we expect to maintain this momentum and build on it in the coming quarters,” says CEO Keith Guelpa. “We are seeing growing demand for our 3 newest product lines: Quotestream TraderTM; Quotestream ConnectTM; and QModTM – with several large scale deployments involving these new products (individually or in combination) scheduled in the coming months.

“We are expecting to see increased revenue growth in the final quarter of this year, and we anticipate that this will continue throughout the coming year as well. We are very excited about the opportunities we are facing, and look forward to a strong finish to 2016.”

About QuoteMedia

QuoteMedia is a leading software developer and cloud-based syndicator of financial market information and streaming financial data solutions to media, corporations, online brokerages, and financial services companies. The Company licenses interactive stock research tools such as streaming real-time quotes, market research, news, charting, option chains, filings, corporate financials, insider reports, market indices, portfolio management systems, and data feeds. QuoteMedia provides data and services for companies such as the NASDAQ Stock Exchange, TMX Group (TSX Stock Exchange), Dow Jones & Company, FIS, U.S. Bank, Broadridge Financial Systems, Ridge Clearing, JP Morgan, CIBC, JitneyTrade, Southwest Securities, HD Vest, Intrinsic Research Systems, ING Investment Management, Stockhouse, Zacks Investment Research, General Electric, Dow Chemical, Boeing, Bombardier, Business Wire, PR Newswire, Marketwired, FolioFN, Regal Securities, ChoiceTrade, Qtrade Financial,CNW Group, Schaeffer's Investment Research, Brean Capital, TradeKing, Suncor, Virtual Brokers, Equities.com, Leede Jones Gable, Divy Inc., Motif Investing, First Financial, Stock-Trak and others. Quotestream®, QModTM and Quotestream ConnectTM are trademarks of QuoteMedia. For more information, please visit: www.quotemedia.com.

Statements about QuoteMedia's future expectations, including future revenue, earnings, and transactions, as well as all other statements in the press release other than historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. QuoteMedia intends that such forward-looking statements be subject to the safe harbors created thereby. These statements involve risks and uncertainties that are identified from time to time in the Company's SEC reports and filings, and are subject to change at any time. QuoteMedia's actual results and other corporate developments could differ materially from that which has been anticipated in such statements.

QuoteMedia Dave Shworan, (877) 311-9911 ext. 101 contactus@quotemedia.com

Source:QuoteMedia, Inc.