SAO PAULO, Brazil, Nov. 1 /PRNewswire/ -- The Sao Paulo Chapter of Abamec,
the Brazil Society of Securities Analysts, has launched its web site for
publicly traded companies and securities analysts featuring a new service from
global information distributor PR Newswire, the organizations announced today.
The web site, http://www.abamecsp.com.br , is a source of assistance to
public companies and provides timely material information to analysts. It
features content from Brazil Financial Newsline, a new PR Newswire service
designed to help public corporations become more transparent by ensuring the
proper and timely distribution of corporate information to securities analysts
and other financial audiences.
"For the first time, publicly traded companies in Brazil are now able to
electronically disclose full-text, material news to the press and the
investment community," said Patricia Canary, PR Newswire's director of Latin
America. "The information sent over PR Newswire makes its way directly into
the hands of all the major business and financial entities in Brazil."
There are almost 1,000 public companies in Brazil that could benefit from
sending full-text news releases to the Brazil Financial Newsline, she said.
Distribution points include: CVM, the equivalent of the Securities and
Exchange Commission in Brazil; the six Brazil stock exchanges; major news
agencies such as Dow Jones, Reuters, Bloomberg and the local news agencies in
Brazil; the business press; securities analysts; stock brokers, asset
management funds; pension funds; investment banks and the 12,000 terminals of
the CMA financial news service.
The Abamec web site, which reaches some 3,000 securities analysts, will
feature the news releases under a unique and exclusive agreement between
Abamec and PR Newswire, Canary said.
"Securities analysts now have access to material news releases immediately
after they are distributed to the stock exchanges and the business press," she
said. "The analysts will be able to receive the information that Brazilian
companies with ADRs distribute in the United States through Brazil Financial
Newsline."
Investor relations professionals interested in learning more about the
benefits of Brazil Financial Newsline may contact the Sao Paulo office of PR
Newswire at +55-11-3872-9733 or their local bureau.
PR Newswire is the world leader in the electronic delivery of breaking
news releases and information directly from companies and institutions through
its cutting-edge wire, fax, satellite and Internet network. Forty-five years
after founding the industry, it has 35 bureaus worldwide, an exclusive
partnership with Canada NewsWire and a vast international affiliate system.
PR Newswire provides a broad complement of services enabling public relations
and investor relations professionals to immediately access the media,
financial community and consumers.
SOURCE PR Newswire
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Related links:
http://www.prnewswire.com
http://www.abamecsp.com.br
CONTACT:
Eliane Francesconi, Helio Garcia or Ana
Regueira, all of PR Newswire Brazil, +55-11-3872-9733, or
+55-11-3873-0081; or Renu K. Aldrich, Public Relations Manager of
PR Newswire, 212-282-1929, or Renu_Aldrich@prnewswire.com
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