Information Services Group to List on NASDAQ
January 15 2008 - 9:27AM
PR Newswire (US)
STAMFORD, Conn., Jan. 15 /PRNewswire-FirstCall/ -- Information
Services Group (ISG) (AMEX:III.UAMEX:IIIAMEX:III.WS), formed last
year to build an industry- leading, high-growth information-based
services company, announced today that it will switch the listing
of its common stock, units and warrants from the American Stock
Exchange to The NASDAQ Stock Market, LLC. Effective February 1,
2008, ISG common stock will trade under the symbol III (its current
symbol), its units will trade under the symbol IIIIU, and its
warrants will trade under the symbol IIIIW. "As the largest U.S.
electronic equities exchange, NASDAQ is the perfect partner to help
ISG meet its ambitious growth plans," said Michael P. Connors,
chairman and chief executive officer of ISG. "We are intent on
building an industry leader in information-based services, and we
believe the electronic market model provides added visibility and
efficiency as well as cost effective trading execution for our
investors. We are delighted to be a NASDAQ listed company." About
Information Services Group, Inc. Information Services Group, Inc.
(ISG) was founded in 2006 to build an industry-leading,
high-growth, information-based services company by acquiring and
growing businesses in advisory, data, business and media
information services. In November 2007, the company acquired TPI,
the largest sourcing advisory firm in the world. Based in Stamford,
Conn., ISG has a proven leadership team with global experience in
information-based services and a track record of creating
significant value for shareowners, clients and employees. For more,
visit http://www.informationsg.com/. About NASDAQ The NASDAQ Stock
Market, LLC is the largest U.S. electronic stock market. With
approximately 3,200 companies, it lists more companies and, on
average, its systems trade more shares per day than any other U.S.
market. NASDAQ is home to companies that are leaders across all
areas of business including technology, retail, communications,
financial services, transportation, media and biotechnology. NASDAQ
is the primary market for trading NASDAQ-listed stocks. For more
information about NASDAQ, visit the NASDAQ Web site at
http://www.nasdaq.com/ or the NASDAQ Newsroom at
http://www.nasdaq.com/newsroom. Forward-Looking Statements This
communication contains "forward-looking statements" which represent
the current expectations and beliefs of management of ISG
concerning future events and their potential effects. Statements
contained herein including words such as "anticipate," "believe,"
"contemplate," "plan," "estimate," "expect," "intend," "will,"
"continue," "should," "may," and other similar expressions, are
"forward-looking statements" under the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
not guarantees of future results and are subject to certain risks
and uncertainties that could cause actual results to differ
materially from those anticipated. Those factors include, without
limitation: (1) the ability to successfully combine the businesses
of ISG and TPI; (2) the amount of cash available, operating costs
and business disruption following the acquisition, including
adverse effects on relationships with employees; (3) changes in the
stock market and interest rate environment that affect revenues;
(4) diversion of management time on acquisition related issues; (5)
reaction of TPI clients to the transaction; (6) retention of key
employees following closing; (7) general economic conditions such
as inflation; and (8) general political and social conditions such
as war, political unrest and terrorism. The risks also relate to
inherent business, economic and competitive uncertainties and
contingencies relating to the businesses of ISG and TPI including:
(1) failure to secure new engagements or loss of important clients;
(2) ability to hire and retain enough qualified employees to
support operations; (3) ability to maintain or increase billing and
utilization rates; (4) management of rapid growth; (5) success of
expansion internationally; (6) competition; (7) ability to move the
product mix into higher margin businesses; (8) operating TPI as a
public company; (9) healthcare and benefit cost management; (10)
ability to protect ISG and TPI's intellectual property and the
intellectual property of others; (11) currency fluctuations and
exchange rate adjustments; (12) ability to successfully consummate
or integrate strategic acquisitions; and (13) ability to achieve
the cost reduction and productivity improvements contemplated by
the previously announced "Value Creation Plan". Certain of these
and other applicable risks, cautionary statements and factors that
could cause actual results to differ from ISG's forward-looking
statements are included in ISG's filings with the U.S. Securities
and Exchange Commission ("SEC"), specifically as described in ISG's
annual report on Form 10-K for the fiscal year ended December 31,
2006, and ISG's definitive proxy statement. ISG undertakes no
obligation to update or revise any forward-looking statements to
reflect subsequent events or circumstances. DATASOURCE: Information
Services Group, Inc. CONTACT: Barry Holt, +1-203-517-3110, ,
Investor Contact: Frank Martell, +1-203-517-3104, , both of
Information Services Group, Inc. Web site:
http://www.informationsg.com/ http://www.nasdaq.com/newsroom
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