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Standard & Poor's Initiates Factual Stock Report Coverage on WealthCraft Systems Inc.
NEW YORK-(Business Wire)-June 18, 2008 - Standard & Poor's announced today that it has commenced Factual Stock Report coverage on WealthCraft Systems Inc.
WealthCraft Systems Inc. (OTCBB:WCSY), together with its subsidiaries, WealthCraft Systems Ltd. and WealthCraft Systems (Shenzhen) Ltd., is an information technology company that designs, develops, markets and supports a flexible, scalable and secure technology platform for wealth management services for financial institutions, including investment advisory firms, securities brokerage firms, retail and private banks, mutual fund companies and insurance companies. The company's focus is on the Asia market, primarily Hong Kong, Taiwan, Singapore and mainland China. According to WealthCraft, this market currently lacks a comprehensive technology solution for servicing the wealth management industry. Because of a number of factors, including language and currency issues, existing products available in other parts of the world are not readily adaptable to the Asia market.
WealthCraft offers financial institutions a complete, customized solution for their wealth management businesses. The company's principal business solution, Advisor Workbench, which is implemented through its proprietary technology, gives financial professionals the tools and services required to develop and expand their wealth management businesses, including customer relationship management, financial planning, investment research, portfolio management and trade execution. This enables financial institutions to enhance customer loyalty, enhance financial advisor productivity, strengthen customer relationships and increase assets under management.
WCSY also offers an integrated back-office system providing order execution, order management and portfolio and commission management.
This report will also be accessible on an ongoing basis to the investment community —— scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts.
About Standard & Poor's Factual Stock Reports
This Standard & Poor's service provides factual research coverage enabling information about WealthCraft Systems Inc. and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company's fundamentals and business prospects. Currently profiling over 1,000 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.
Standard & Poor's Factual Stock Reports are produced separately from any other analytic activity of Standard & Poor's. Standard & Poor's Factual Report research has no access to non-public information received by other units of Standard & Poor's. Standard & Poor's does not trade on its own account.
Note: All U.S. and Canadian Companies listed on a National Exchange (not covered by S&P's STARS research) are eligible to obtain this coverage.
About Standard & Poor's
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 7,500 employees, including wholly owned affiliates, located in 21 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.
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