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QuoteMedia Announces Financial Results for Q1 2017

PHOENIX, May 11, 2017 (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 March 31, 2017. These results reflect first quarter revenue of $2,288,453, up from $2,168,866 in the comparative period in 2016, an increase of $119,587 (6%).

“We are pleased with the revenue growth we are now experiencing,” says CEO Keith Guelpa. “We are seeing a growing demand for all product lines, and particularly for our QMod line of responsive, SEO-friendly HTML5 market data widgets, and for our enterprise deployments of the Quotestream line of financial data applications."

“Throughout 2017 we will continue our development efforts, expand our product lines and broaden our data coverage, including significantly increasing our coverage of international markets. We are moving forward with several promising new partnerships and opportunities, and we are expecting to see continued revenue growth for the remainder of 2017.”

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, Hilltop 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, Industrial Alliance, TradeKing, Suncor, Virtual Brokers, Equities.com, Leede Jones Gable, Divy Inc., Motif Investing, First Financial, Cirano, Stock-Trak, Mergent 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.