QuoteMedia to Power iVerit's Real-Time Equity Options Market Data and Analytics Apps for iPhone and iPad

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PHOENIX, May 29, 2013 (GLOBE NEWSWIRE) -- QuoteMedia, Inc. (OTCQB:QMCI) today announced that iVerit Inc. has contracted QuoteMedia to provide market data feed services to power Option Chain and Option Exchange MD, the first suite of apps for the iPhone® and iPad® that offers mobile access to real-time equity options market data and risk analytics. Providing brokers, professionals and investors with freedom from their desks, Option Chain and Option Exchange MD are powered by QuoteMedia's proprietary data feeds with U.S. options prices referenced to the Option Price Reporting Authority (OPRA).

Option Chain is a real-time options market monitor with customized column displays, providing a personalized and richer user experience to select, change and update data as needed. Option Exchange MD's options market valuation model provides reliable financial market data and enables users to easily monitor calls and puts. Users can utilize both apps for free and receive professional quality intraday data with the same desktop experience now on an iPhone.

"Brokers and investors need a way to stay connected to the market regardless of where they are. With QuoteMedia's data feeds powering our new native apps, we can deliver this access with a rich user experience and provide the high quality, immediate market data and valuable analytics they need," said Michael Iver, founder of iVerit Inc. "Combining outstanding responsiveness and attention to detail, QuoteMedia provides comprehensive low latency market data and delivery technologies that are ideally suited to our needs."

"With Option Chain and Option Exchange MD, users can now access the densest data feed on the market in the palm of their hand, wherever they go," said Dave Shworan, CEO of QuoteMedia. "We are very pleased to be working with iVerit, as they provide unmatched real time access to options market data and analytics."

About iVerit

iVerit Inc. is a private company that provides mobile market data and analytics to individuals who want freedom from their desktop. Its iPhone apps, Option Chain and Option Exchange MD, provide a monitor with live U.S. options markets and Black-Scholes calculations of implied volatility and Greeks. iVerit's applications are fueled by QuoteMedia, Inc. with data referenced to the Options Price Reporting Authority™. To learn more, visit www.iverit.net.

Press Contact
Fran Bosecker
Vantage Communications for iVerit
+1 845-536-1416

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, the OTCBB, TMX Group, Dow Jones & Company, SunGard, U.S. Bank, Broadridge Financial Systems, Ridge Clearing, Regal Securities, JitneyTrade, Southwest Securities, HD Vest, Stockhouse, Zacks Investment Research, General Electric, Dow Chemical, Bombardier, Business Wire, PR Newswire, Marketwire, FolioFN, Captivate Network, ChoiceTrade, Qtrade Financial, CNW Group, Gain Securities, Questrade, Schaeffer's Investment Research, Brean Capital, TradeKing, Suncor, American Financial Group, Virtual Brokers, First Financial Equity Corporation, WebFinance, and others. For more information, please visit: www.quotemedia.com.

Dave Shworan, (877) 311-9911 ext. 101

Source:QuoteMedia, Inc.