Wireless Services News

Contacts:

David Brown
Telescan
(281) 588-5700
Christine Davies
Stern Co.
(212) 888-0044

October 14, 1997 - Telescan Launches Telescan Direct Wireless Service for Market Quotes and News

HOUSTON, (Oct. 14, 1997) -- Telescan Inc. today introduced Telescan Direct(TM), a customizable wireless service that helps consumers keep track of their investments anywhere, any time via their alpha- numeric pagers, PCS mobile phones or personal e-mail addresses.

With Telescan Direct, an investor can schedule and receive stock price updates up to 15 times a day for their custom portfolio, which may contain as many as 75 stocks. Telescan Direct will also automatically track and deliver news alerts, price and volume alerts on 30 stocks based on parameters the consumer selects. Customized break-out alerts will be included in the near future.

Telescan Direct subscribers also will be assigned a personal financial mailbox on the Telescan Direct Web Page where copies of all wireless messages, including the full text of news stories, will be delivered automatically.

"In a world of information overload, Telescan Direct lets consumers focus on what matters most to them," said David L. Brown, Telescan"s chairman and chief executive officer. "Consumers will automatically receive information on the stocks they want to track and be alerted when market conditions change. Telescan Direct will even send full-text news stories about the stocks to consumers" e-mail boxes."

Unlimited 20-minute delayed stock quotes, alerts and news headlines are delivered to the consumer"s pager, PCS mobile phone and e-mail boxes for $19.95 a month. Real-time quote service is available for $44.95 a month.

To find out more about Telescan Direct, visit the "What's New" section of Telescan's Wall Street City(TM) or call 888-718-3402.

Telescan, based in Houston, is an industry leader in providing innovative solutions for online technology, data retrieval and Internet services. The company develops and operates major online networks and Internet sites serving the financial, publishing, entertainment and technology-transfer industries. Telescan Direct technology and wireless services network facility are managed by Wireless Services Corp., based in Bellevue, Washington.

Telescan's Wall Street City supersite is the only Internet-based financial website today that gives its users the ability to do technical analysis. Wall Street City lets investors build multiple portfolios and link the stocks to an innovative stock ticker. SOURCE Telescan Inc.