1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of earliest event reported - June 17, 1996
Market Guide Inc.
- -----------------------------------------------------------------------------
(Exact name of Registrant as specified in its charter)
New York 291525-NY 11-2646081
- -----------------------------------------------------------------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
2001 Marcus Avenue, Suite S200
Lake Success, New York 11042-1011
- -----------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code: (516) 327-2400
2
Item 5: Other Event.
Market Guide announced the signing of a multi-year contract to provide
Reuters Ltd. With the right to use and distribute the contents of the Market
Guide Database. The Company deems the acquisition of this contract to be of
importance to its security-holders.
See attached press release as an exhibit incorporated herein.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
MARKET GUIDE INC.
(Registrant)
Date: June 18, 1996 By: /s/ John D. Case
----------------------
John D. Case, Chairman
3
[MARKET GUIDE LETTERHEAD]
- --------------------------------------------------------------------------------
NEWS RELEASE
FOR IMMEDIATE RELEASE
MARKET GUIDE INC. ANNOUNCES CONTRACT
WITH REUTERS
MARKET GUIDE TO SUPPLY ITS FINANCIAL DATABASE FOR WORLDWIDE DISTRIBUTION
LARGEST SINGLE CONTRACT IN MARKET GUIDE'S HISTORY
LAKE SUCCESS, NY, June 17, 1996...Market Guide Inc. (OTC Bulletin Board: MARG)
today announced that Reuters Limited has signed a multi-year contract commencing
on July 1, 1996. The contract grants Reuters, and its subsidiaries, worldwide
use and distribution rights to Market Guide's financial database. No financial
details of the contract were disclosed, however, Market Guide has filed the
legally mandated Form 8-K with the United States Securities & Exchange
Commission.
Homi Byramji, President and Chief Executive Officer of Market Guide, observed
that, "We couldn't be happier that Market Guide's existing relationship with
Reuters' Quotron and Instinet divisions has developed into a comprehensive
agreement with the parent company. This agreement with Reuters, which is the
largest single contract in our Company's history, is very significant to Market
Guide for several reasons: we feel that Reuters, by choosing Market Guide, has
recognized our Company as an increasingly important supplier of financial
information both in the United States and abroad; second, the implementation of
this agreement will greatly increase Market Guide's market penetration in the
global investment community; third, this relationship should help create
opportunities for Market Guide to further increase its presence in its current
and target markets; and finally, this contract should materially enhance the
Company's financial performance going forward."
Commenting on the agreement, Davis Gaynes, Executive Vice President at Reuters
America Holdings noted that, "In evaluating vendors for historical financial
databases, we were impressed by the breadth, depth, quality and flexibility of
Market Guide's product. Further, we were encouraged by the level of innovation
the Company has
4
exhibited in continually improving its product and adding new and attractive
features. We see immediate applications for Market Guide's data in existing
Reuters products and services, as well as for future products currently under
development. Based on these factors and the positive long term relationship
which Market Guide has maintained with our Quotron and Instinet subsidiaries up
to now, we look forward to further growth in this relationship."
Marc Chaikin, Senior Vice President, Research, at Instinet, added "Market
Guide's information has been an integral part of the Instinet Analytics product
since 1993. We have been impressed with Market Guide's ability to expand its
product and have recently adopted its proprietary industry and sector groups in
our service. The Company has been very responsive to our needs and we are
excited about expanding our relationship."
Reuters Holdings PLC (NASDAQ : RTRSY) supplies the global business community and
news media with a wide range of products including real-time financial data,
transaction systems, access to numerical and textual historical databases, news,
graphics, still photos and news video. Reuters Group companies design and
install trading room systems. Information is obtained from around 240 exchanges
and over-the-counter markets, from 4,600 subscribers who contribute data
directly to Reuters and from a network of about 1,860 journalists, photographers
and cameramen. Some 327,000 users access Reuters information.
Market Guide, Inc. compiles a high quality database containing descriptive and
financial information on over 8,000 publicly traded U.S. and foreign companies.
The database contains detailed current and historical financial information,
descriptive information about the company's business, summary institutional
ownership, capital structure and insider trading statistics, short interest
information, historical stock prices and over five hundred financial ratios.
Market Guide markets its database directly through its Market Guide for Windows
product line and through a variety of services on the Internet. The Company also
distributes data through over 30 leading vendors in the professional and
individual investor markets.
AT MARKET GUIDE
Dennis Slovak
Vice President
Sales & Marketing
(516) 327-2400 ext.109
AT LIONHEART COMMUNICATIONS
N. Gregory Pettit
Managing Director
(212) 599-2078
AT REUTERS
Robert Crooke
Vice President, Media Relations
(212) 603-3587
###