Researchsummary adds new brokers with launch of researchsummary Professional, a world-first RIXML research delivery solution

Researchsummary.com, the investment information and technology solutions provider, today went live with researchsummary Professional (RSPro), a world-first RIXML (Research Information Mark-up Language) and PDF (Portable Document Format)-based broker research web service. At the same time it added new brokers to its research offering, with the new service covering over 15,000 companies worldwide from over 11 investment banks.

(LONDON) January 20 2003: researchsummary.com, the investment information and technology solutions provider, today went live with researchsummary Professional (RSPro), a world-first RIXML (Research Information Mark-up Language) and PDF (Portable Document Format)-based broker research web service. At the same time it added new brokers to its research offering, with the new service covering over 15,000 companies worldwide from over 11 investment banks.

Replacing its original www.researchsummary.com broker research service, Researchsummary Professional allows access to RIXML as well as PDF-based research data via an exclusive web service from brokers including Bear Stearns, HSBC, ING Financial Markets, UBS, MTS, Credit Lyonnais Securities, CLSA, CIBC, West LB Panmure, Lehman Brothers and Cazenove. The company will be integrating data from several other banks over the next month.

Available only to institutional investors, researchsummary is offering subscriptions to this new research portal for typically $1,000 per year for single use with discounts available for multi-users. It is however available to institutional investors on a trial basis for a strictly limited period. Easy registration is available online at www.researchsummary.com or by emailing info@researchsummary.com.

RSPro offers new functionality designed to find the investment research required, faster and more easily than ever before.

Its key features include:

·   RIXML functionality: RSPro can search on and display RIXML-tagged research reports.

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·   Focused searching: RSPro examines the relevance of each document to make sure that search results are tailored to user requirements.

·   Datagrid views: these allow instant comparison of company information from different brokers, and export to Excel or other Office applications.

·   Integration with Excel and Word: search functionality can be accessed directly through Microsoft Word and Excel saving valuable time.

·   Full access: to access full report simply click Access Full Report key and it delivers that research report's URL address on the broker's own website (subject to the broker allowing access.)

Soon to be released

·   Wireless connectivity: access RSPro while on the road using wireless PDA.

·   Generate custom consensus and other data tables by connecting directly from Excel to the RSPro database.

The subscribtion service provides investment professionals with the unique ability to pinpoint relevant research from the 1000s of investment research reports received every day and search the web for relational reports and data on these same companies.

The service is independent of existing client relationships, covers a broad range of global RIXML authored research, is real-time and is single site with single password access.

Says John Thorne, chief executive officer, researchsummary: "Investment research delivery is changing. First it was delivered in Word, then PDF and now, with the implementation of new regulations like NASD 2711, we will see the acceleration across the investment industry of RIXML-based data production over 2003. The investment industry needs to be able to interrogate data and search for companies based upon individual investment research criteria and have that data delivered via any kind of application or web platform. To meet this demand researchsummary is launching researchsummary Pro."

This service also provides the research providers with the lowest cost aggregated research service and delivers it in a manner which drives both institutional and private client business back toward the providers website, effectively acting as a lead generation tool.
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Editors notes

About researchsummary.com (www.researchsummary.com)
Researchsummary.com operates at the cutting-edge of the financial technology sector, developing innovative web-based research and deep-search XML technologies for the investment research market.

The company's suite of products empowers industry professionals to manage the vast amounts of investment information available on the web, utilising research and deep-search technologies to tailor information retrieval to individual requirements. Researchsummary develops XML-enabled software as a base to help investment banks, fund managers and brokerages apply and leverage technology advances in the increasingly competitive global investment research marketplace. For additional information please visit the firm's web site at www.researchsummary.com.

About researchsummary Professional
The researchsummary Professional service is built on the company's proprietary NavigateDepth platform, which is one of the first products to use and accept RIXML documents. The primary objective for RIXML is to provide extensive capabilities for the tagging of financial research and associated market data with sufficient information to allow research users to search, sort and filter the research to provide highly relevant information for decision makers on both the buy- and sell-side.

This unparalled level of granularity enables market data consumers to extract information from multiple sources without the need to read all documents being interrogated. Extensive links back to the source, and on to the market data provider's website, mean that full market data documents are only a mouse click away.
                                                                                                                                           
The current NavigateDepth platform is fully RIXML 2.0 compliant, capable of using 100% of the schema and supporting multiple resource types (.wav, .pdf, .mp3, .avi). The extensible indexing system also allows support of other flavours of XML such as XBRL, and the abstracted database layers support most major database servers (SQL, Sybase, Oracle). It is also tightly integrated with Word and Excel, which allows users to make focused of a research database and download the results straight into an excel file or word document

About RIXML.org and RIXML (www.rixml.org)
Developed by the buy- and sell-side global market leaders that make up RIXML.org, RIXML (Research Information eXchange Markup Language) is an open standard for the electronic exchange of investment research. The RIXML standard will provide a structure for classifying research in a way that will enable consumers of research to define specific sorting, filtering, and personalization criteria across all research publishers.

RIXML uses XML to tag any piece of research content, in any form or media, with enough meta-data information for the consumer to search, sort and filter through publisher research and quickly provide highly relevant information to their decision makers. The creation of RIXML as a common language provides a low-cost way to vastly improve the value of broker investment research.
Version 2.0 was published in June 2002 and expands its original equity research focus to include corporate fixed-income research and adds an events group and calendar.

NASD Rule 2711 (www.nasd.com)
Research Analysts and Research Reports: NASD Rule 2711 is intended to address potential conflicts of interest in the issuance of research reports by members, improve the objectivity of research, and provide investors with more useful and reliable information when making investment decisions.