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Wednesday, February 23, 2000 NewRiver and DST Introduce Informa Alliance NewRiver Investor Communications and DST Systems have launched a strategic union called the Informa Alliance, offering an Application Service Provider (ASP)-hosted investor communications site geared to the financial services industry.
"The Informa Alliance allows investors greater access to information 24-7 by 365 adding to the explosive growth of Internet usage," Val Dingle, managing director of NewRiver.com said. "Our clients will benefit from shortened sales cycles, reduced mail cost including postage, and costs associated with compliance," she added. Prospectuses can also be posted online and email can be sent out to give investors notification about the posting, thus satisfying the SEC's mandatory prospectus rule. E*TRADE is the first of NewRiver's clients to offer its customers online delivery of financial account documents as part of the Informa Alliance suite. Dingle would not comment on future potential clients. The DST Systems family of companies includes Corporate Document Services, Output Technology Solutions and itsYourAccounts.com creating what the company calls "the first ever full-featured electronic filing cabinet for investor communications." Printed from: MFWire.com/story.asp?s=25542 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |