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May 29, 2003 Independent Research Platform - Ready for Wall Street?
Small Company Has the Solution for Research Distribution WILLIAMSTOWN, MA--May 28, 2003 -- The recent Wall Street settlement in which 10 securities firms must spend $432.5MM on independent market research creates a new opportunity for MindBranch. Since its founding in 1992, MindBranch has focused its attention on Fortune 1000 clients. Last year, however, the company expanded their offering to institutional investment firms and retail investors. Today, MindBranch announced a partnership with the stock research company, ValuEngine. Together, the two companies will develop a platform to provide securities firm clients with access to in-depth, objective stock reports from multiple independent providers. "This platform is a collaborative effort to effectively distribute high quality stock research to clients of investment banks. The stock research made available through this platform was designed with the individual investor in mind. By offering coverage of over 7500 stocks from multiple independent sources, we hope to play a key role in helping investors make better decisions," said Arik Keller, President of MindBranch. ValuEngine was co-founded in 1997 by Dr. Zhiwu Chen, professor of finance at Yale University's School of Management, and Dr. Chia-yu Chang, a former student of Dr. Chen's. The firm uses proprietary quantitative analytical models developed by Chen, Chang and two graduate assistants over a four-year period of intensive research and testing. "We're looking forward to our partnership with MindBranch to expand our reach into the financial space," added Paul Henneman, President of ValuEngine. "We'll be adding more partners in the next few weeks to complete this stock research offering." Learn more about ValuEngine at www.valuengine.com. MindBranch is well positioned to be a conduit into institutional and retail investors for independent equity research firms. With 10-years experience in the industry, the team hopes to leverage their expertise and be a clear leader in stock research area. About MindBranch(SM), Inc. MindBranch, founded in 1992, is a market research services company providing research from 350 leading research firms. Clients benefit from a single, objective source for their research needs, saving time and resources. MindBranch distributes market research reports, stock research, newsletters, directories, subscriptions, and custom research in over 130 industry segments. For more information visit www.mindbranch.com or call 1-800-774-4410 or 1-413-458-7600. Contact: - Contact: Sharon Oakes
- Voice: 413-458-7673
- Email: soakes@mindbranch.com
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