Fund.com Forms Strategic Alliance With Transparensee to Create Next Generation Search Engine for Mutual Funds and ETFs
March 11 2010 - 8:35AM
PR Newswire (US)
NEW YORK, March 11 /PRNewswire-FirstCall/ -- Fund.com, Inc., (OTC
Bulletin Board: FNDM) announced today that it entered into a
strategic alliance with Transparensee Systems, Inc., New York City,
to develop a next generation search engine for the Fund.com website
to help investors find their best choices among the many thousands
of mutual funds and ETFs (Exchange Traded Funds) available today.
The new search engine is expected to be launched this summer.
Fund.com CEO Gregory Webster stated, "Unlike anything available
today to financial investors, we believe that the new search engine
will give investors more control and more choices over every search
of mutual funds and ETFs. In an easy-to-use format, investors will
be able to search the database for mutual funds and ETFs in real
time to find specific funds that meet their criteria." He explained
that in addition to getting only exact matches, which are typically
supplied in current search engines, investors will be able to get
near-perfect matches that they might not otherwise learn about.
"For example, if the investor is looking for fund managers with at
least ten years experience, our new search engine would also
present funds with investment managers with only nine and a half
years of experience who matched all the other desired criteria."
Webster added, "Finally, investors will no longer be stopped cold
with 'no' or few matches responses. We believe that Fund.com's new
fund search engine will make it easier for investors to find the
right fund for them. We are excited about adding this sophisticated
tool, which uses next generation software, to the fund.com website,
thereby making it the most advanced in the industry." Transparensee
has developed search engines using this advanced technology for
four years. According to CEO Steven Lavine, the technology has
proven itself on such sites as ForRent.com, which lists more than
50,000 apartments nationwide, and the restaurant search capability
of Newsday's ExploreLI.com. Lavine said, "Using this tool,
investors can make much more sophisticated searches, with more
criteria and still find a good match." About Fund.com Fund.com is
an online content provider and lead generation platform for
investment funds and other financial services providers. Its
objective is to engage individual investors and to match their
needs with interested fund product providers. The
http://www.fund.com/ website is approachable to everyday investors
and serves as an educational and research resource. Fund.com also
is an education provider. Fund.com's subsidiary, AdvisorShares
Investments LLC, is creating actively managed ETFs, to take
advantage of the rapidly growing ETF business. Forward-Looking
Statements: Statements in this press release regarding future
performance and the potential advantages of the products and
services provided by Fund.com, and any other statements about
future expectations, beliefs, goals, plans, or prospects expressed
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Any statements
that are not statements of historical fact (including statements
containing the words "will," "believes," "plans," "anticipates,"
"expects," "estimates," and similar expressions) should also be
considered to be forward-looking statements. There are a number of
important factors that could cause actual performance or events to
differ materially from those indicated by such forward-looking
statements including the Company's limited operating history and
economic conditions generally. Additional information on potential
factors that could affect results and other significant risks and
uncertainties are detailed from time to time in Fund.com's periodic
reports, including Forms 10-K, 10-Q, 8-K, and other forms filed
with the Securities and Exchange Commission. PR/Media Relations for
Fund.com: Stern & Co. Richard Stern, 212-888-0044
richstern@sternco.com DATASOURCE: Fund.com, Inc. CONTACT: Richard
Stern, Stern & Co., +1-212-888-0044,richstern@sternco.com, for
Fund.com Web Site: http://www.fund.com/
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