QuoteMedia to Provide Real Time Market Data to IPBS Customers

May 16th, 2007

PHOENIX – QuoteMedia, Inc. (OTCBB: QMCI) a leading provider of financial stock market data, today announced a strategic partnership with International Private Banking Systems (IPBS) (www.ipbs.com), the specialist provider of wealth management software for the private banking sector. Under the terms of the agreement, IPBS clients will benefit from real-time market pricing for ebanking, etrading and the back office.

IPBS has integrated QuoteMedia’s proprietary data feeds into its existing wealth management applications, to provide dynamically updating real-time information as a subscription service to IPBS customers.

By enhancing the IPBS solutions for ebanking and etrading to use QuoteMedia real-time market pricing to value securities and estimate trade order costs, customers will benefit from the up to date and accurate market information that is essential for trading in today’s fast paced financial environment.

“We listened carefully to the needs of our customers and the market, and this partnership is a response to requests for a better and more cost effective solution to obtaining real-time pricing and valuation data,” said Bruce Raine, Founder and President of IPBS. “As a modern service accessed via the web, with excellent technical support, many of our clients, who currently use Bloomberg and Reuters, for back office market pricing and corporate data will be able to more easily and cost effectively, access this crucial data from Quotemedia.”

“QuoteMedia offers customers the advantages of a single source for comprehensive market data and research information. The ease of access to QuoteMedia data and the seamless integration with IPBS solutions for ebanking and etrading means that customers can now trade from a more accurate financial position,” said Dave Shworan, CEO of QuoteMedia Ltd. “We are pleased to be working with a proven supplier such as IPBS. The addition of market and financial data from QuoteMedia ensures that IPBS clients will be able to make superior business and trading decisions.”

“Together, we will deliver better, more competitively priced trading and banking solutions to the offshore market, in line with our strategy to continually enhance the value that we provide to our customers,” concluded Raine.

IPBS/ e-Banking & e-Trading empower the end client, not only with up to the second values of portfolio investment positions, but with real time, exchange based, trading support for estimating the cost or proceeds of a decision to buy or sell. IPBS / e-Trading is electronically interfaced with the IPBS / Trade Desk Dealing Room for immediate trade execution.

About International Private Banking Systems
International Private Banking Systems is a specialist provider of wealth management software for the private banking sector. The company began operations in 1993 and the flagship product is IPBS - a fully integrated accounting and management information system that provides all of the front, middle and back office support services required by international private banks, trust companies, mutual fund administrators and wealth management professionals. International Private Banking Systems now serves clients across the globe, including the Bahamas, the Cayman Islands, the Turks & Caicos Islands, Bermuda, St. Vincent and the Grenadines, Barbados, Panama, Uruguay, Vanuatu and the United States. For further information, please visit www.ipbs.com

About QuoteMedia, Inc.
QuoteMedia is a leading software developer and syndicator of financial market information and streaming financial data solutions to media, corporations, online brokerages and financial services companies. The Company licenses interactive stock research tools such as streaming real-time quotes, market research, news, charting, option chains, NASDAQ Level 2, TSX/TSXV market depth, LSE Level 1 and Level 2, SEC filings, corporate financials, insider reports, market indices, portfolio management systems, and data feeds. QuoteMedia provides data and services for companies such as the NASDAQ, the OTCBB, Dow Jones & Company, Forbes.com, Scotia Capital, Business Wire, Southwest Securities, Regal Securities, FBR Direct, AIM Trimark, Zacks Investment Research, ChoiceTrade, QTrade, Schaeffer’s Investment Research, Automated Financial Systems, WallStreet*E, and others. For more information, please visit: www.quotemedia.com.

Statements about QuoteMedia's future expectations, including future revenue, earnings, and transactions, as well as all other statements in the press release other than historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. QuoteMedia intends that such forward-looking statements be subject to the safe harbors created thereby. These statements involve risks and uncertainties that are identified from time to time in the company's SEC reports and filings, and are subject to change at any time. QuoteMedia's actual results and other corporate developments could differ materially from that which has been anticipated in such statements.

IPBS Press Contact:
Jenny Swift, Rivercalm
North America Tel: 001 917 210 8064
Europe Tel: 0044 207 665 1636
Email: swift@rivercalm.com

QuoteMedia Contact
Dave Shworan, 877-311-9911 ext. 101
contactus@quotemedia.com