1. Scope of Application
These Terms of Use apply to the use of the online platforms operated by IR-WORLD.com Finanzkommunikation GmbH (“IRW”), in particular:
- www.irw-press.com
- www.smallcap-investor.com
- www.investor-sms.com
- as well as related online services.
By accessing these websites, users agree to these Terms of Use.
2. Nature of the Platform
IRW operates a digital news and distribution platform focused on:
- the publication of corporate announcements
- the dissemination of capital market-related information
- editorial content
- market and industry information
IRW acts solely as a technical and publishing service provider.
3. Responsibility for Third-Party Content
A substantial portion of the content published on the platforms is provided by issuers, publicly listed companies, or cooperation partners.
The respective issuer or author is solely responsible for:
- accuracy
- completeness
- timeliness
- compliance with capital market regulations
- legal admissibility
IRW is not obliged to review submitted content prior to publication and does not adopt such content as its own.
IRW does not warrant the accuracy, completeness, or timeliness of content provided by third parties.
4. No Investment Advice / No Offer
The content published on the platforms is provided for informational purposes only.
In particular, it does not constitute:
- investment advice
- financial analysis
- a recommendation to buy or sell financial instruments
- a public offering within the meaning of applicable capital market laws
Any investment decisions are made solely at the user’s own risk.
5. Capital Markets Disclaimer
Published information may contain forward-looking statements that involve risks and uncertainties.
Such statements are based on assumptions and expectations at the time of publication and may differ materially from actual developments.
Responsibility for compliance with capital market disclosure obligations (e.g., ad hoc disclosures, insider information) lies solely with the respective issuer.
IRW assumes no liability for compliance with regulatory obligations by third parties.
6. Compensation and Business Relationships
IRW may receive compensation from issuers or cooperation partners for:
- the technical distribution of corporate announcements
- editorial services
- communication services
Such compensation does not influence the content of corporate announcements, for which the respective issuer remains solely responsible.
7. Conflicts of Interest
IRW operates as a communications service provider.
Employees, corporate bodies, or affiliated entities may maintain business relationships with issuers.
Furthermore, employees, corporate bodies, or affiliated persons of IRW may hold shares or other financial instruments of issuers that are featured on the platforms.
Such persons may buy or sell these financial instruments at any time.
This may result in potential conflicts of interest.
IRW implements appropriate organizational measures to identify, manage, or disclose potential conflicts of interest.
However, IRW does not guarantee the complete absence of conflicts of interest.
8. Liability
IRW shall only be liable in cases of:
- intent
- gross negligence
In cases of slight negligence, IRW shall only be liable for breaches of essential contractual obligations and limited to foreseeable damages typical for such contracts.
Liability for:
- loss of profit
- financial losses
- market losses
- indirect or consequential damages
is excluded to the extent permitted by law.
Mandatory statutory liability remains unaffected.
9. Availability of the Platform
IRW endeavors to ensure uninterrupted availability of its online services.
However, continuous and error-free availability cannot be guaranteed.
In particular, no liability is assumed in cases of:
- technical disruptions
- maintenance work
- force majeure
- third-party interference or attacks
10. External Links
IRW has no control over the content of external websites linked from its platforms.
The respective provider or operator is solely responsible for such content.
IRW assumes no liability for external content or data protection practices.
11. Intellectual Property
All content available on the platforms, including but not limited to texts, images, graphics, layout, and database structures, is protected by intellectual property laws.
12. Use of Press Releases
Press releases provided by issuers may be reproduced free of charge under the following conditions:
- complete and unaltered reproduction
- clear attribution of the source (“IRW-Press” and the respective issuer)
- no misleading context
Images provided by issuers may only be used in connection with the respective press release unless otherwise indicated.
The respective issuer is responsible for the underlying intellectual property rights.
Any further use requires the consent of the respective rights holder.
13. Database Protection
The content made available on the platforms, including structured press releases, archives, and metadata, may constitute a protected database.
Systematic, automated, or large-scale extraction, storage, or reuse of such data (e.g., through scraping, data mining, or automated queries), particularly for commercial purposes, is prohibited without prior written consent from IRW.
14. Prohibited Use
The platforms may only be used in compliance with applicable laws.
In particular, the following activities are prohibited:
- distribution of unlawful content
- dissemination of misleading capital market information
- market manipulation
- circumvention of technical protection measures
- automated data collection without authorization
- interference with technical infrastructure
IRW reserves the right to take appropriate action in case of misuse.
15. No Warranty for Market Data
Any market, price, or financial data displayed on the platforms may be:
- delayed
- incomplete
- inaccurate
No warranty is given regarding accuracy or timeliness.
16. No Contractual Relationship
Use of the platforms does not establish any contractual relationship between IRW and the user unless explicitly agreed otherwise.
17. Governing Law and Jurisdiction
These Terms of Use are governed by Austrian law, excluding conflict-of-law provisions.
Place of jurisdiction, where legally permissible, is Wels, Austria.
18. Amendments
IRW reserves the right to amend these Terms of Use at any time.
The current version is available on the respective websites.