FOR IMMEDIATE RELEASE
Hong Kong, May 31, 2000---Mega portal TOM.COM and online financial services experts, All Asia Financial LLC (All Asia), today announced their 50:50 partnership dedicated to bringing AAStocks.com, a powerful online investment solution to the Greater China financial community.
The joint venture, AAStocks.com, will offer stock investors a full range of unique and sophisticated, yet easy to use, stock trading analysis tools, including real time stock pattern searching and analysis, trading/investment strategies, portfolio and risk management, live stock commentary, and instant stock forecasts.
Those attending today's partnership announcement ceremony included TOM.COM CEO Carl Chang, All Asia Directors Yifan Tang and Roy Lu. Mr Tang and Mr Lu will take up the positions of Co-CEOs of AAStocks.com.
Powered by the proprietary and cutting-edge Neural Network and Artificial Intelligence (A.I.) technologies, these services are already providing systematic stock investment approaches and specific trading tactics to almost 70,000 online subscribers of Tradetrek.com. The website now enjoys a daily page view of over 3 million in the competitive US online stock investment market. Both All Asia and Tradetrek.com are subsidiaries of Westport Financial LLC, a leading US financial services company founded by renowned Wall Street experts and numbers experienced Internet technology professionals amongst its partners.
Mr Carl Chang of TOM.COM said, "It is our ongoing commitment to aggregate advanced, personalized and interactive type of new media content which will enhance stickiness and user growth. The partnership will assemble the best available unique and proprietary stock investment information, enriching TOM's personal finance content. We are confident that both individual investors and institutional traders will be able to take advantage of the advanced stock analysis tools on AAStocks.com when making investment decisions."
All Asia Director Yifan Tang said, "Online stock trading and investment is an important and fast growing market in the Greater China region. Being the very first among the competition, our portal offerings are very much focused on providing high quality and user-friendly online service of intelligent stock trading analysis/strategy."
"We are delighted to join forces with TOM.COM in introducing these proprietary web-based products to the region. Leveraging TOM.COM's strong brand presence and our proven technical capability, AAStocks.com is well positioned to tap into the relatively unoccupied B2C and B2B online investment analysis market and to become the dominant player in the region," added Roy Lu, Director of All Asia Financial.
AAStocks.com will provide investors with instant stock analysis, including buy/sell signals and trading tactics, based on traditional and proprietary Wall Street trading and analysis models. The portal's A.I. technology-driven search engine will scan the real-time market data to search for profitable trading opportunities. The system is also able to generate up-to-the-minute technical analysis and commentary on any stock the user specifies with its breakthrough A.I. technology.
Another unique feature of AAStocks.com is its Neural Network Stock Forecaster. This tool is able to forecast the range of the price movement of any stock in the next five days with a 80% confidence level. In addition, AAStocks.com will offer a set of convenient and practical portfolio management and risk management facilities as well as back-test and educational facilities. All in all, AAStocks.com will present subscribers with a convenient and seamless stock analysis and monitoring environment, giving them an invaluable edge with their investment activities.
AAStocks.com will make its debut in the third quarter of 2000 targeting the Hong Kong and Mainland China equity markets, and at a later stage the Taiwan market.
About All Asia Financial
All Asia Financial is the Asian arm of Westport Financial, the leading US online financial and investment company. Westport Financial owns an extensive network comprising more than 60 partners who are accomplished scholars and renowned security analysts/investors as well as IT professionals. It has successfully launched Tradetrek.com (www.tradetrek.com) in the US in 1999 to capture the online investment information services market. All Asia Financial will focus on developing the Asian markets for the provision of proprietary online stock analysis tools.
About TOM.COM
TOM.COM is a unique and dynamic mega portal offering the most comprehensive China content to global browsers in different languages, while also meeting the growing demand for unique global and China-related content for Chinese audiences. Its mandate is to "Bring China to the World and the World to China".
An associate of Hutchison Whampoa Limited, TOM.COM LIMITED is a joint venture formed by Hutchison Whampoa Limited, Cheung Kong (Holdings) Limited and other strategic investors. Founded in December 1999, TOM.COM unveiled its mega portal in January 2000 and was listed on the Growth Enterprise Market (GEM) of the Stock Exchange of Hong Kong in March 2000.
TOM.COM can be found on the Web at www.tom.com (for global audiences) and www.cn.tom.com (for audiences in The People's Republic of China). Headquartered in Hong Kong, TOM.COM has established offices in Beijing and Shanghai.
For press enquiries, please contact:-
Rachel Chan/Helen Lam
TOM.COM LIMITED
Tel: 2121 7810/2121 7811
Fax: 2127 7576
e-mail: rachelc@hk.tom.com/ helenl@hk.tom.com
Jessica Lee
WORLDCOM Hong Kong Limited
Tel: 2864 4877
Fax: 2865 2559
e-mail: jessica@hkcg.com.hk
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