From: Ken Maples
I'm sending this email in response to the bundled service being proposed by NASDAQ to offer news wire services as part of their base fee structure.
There is no doubt that if this occurs, our two publicly traded partnerships listed on the NASDAQ (Hiland Partners, LP "HLND" and Hiland Holdings GP, LP "HPGP") will stop using PRNewswire for our news releases & earnings releases and will use the NASDAQ affiliate.
I do not know why any other company would continue to use a different vendor if they are going to be paying for this service as part of the proposed bundled service. This definetly appears to give the NASDAQ affiliate an advantage over other wire service companies. If NASDAQ is allowed to bundle this service, what would keep them from increasing these fees in future years?
Please do not hesitate to contact me if you have any questions regarding this issue.