Intersearch Grp. (AMEX:IGO)
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InterSearch Group, Inc. (AMEX:IGO), a leading operator of premium,
industry specific destination portals such as www.Banks.com,
www.IRS.com and www.Look.com
today announced it has acquired the internet domain, www.MyBanks.com.
The acquisition of MyBanks.com continues InterSearch Group’s
strategy and focus on expanding its presence in the financial services
vertical of online advertising. Financial services, which is one of the
largest and fastest growing areas of online ad spending, is the core
competency of InterSearch Group. The company’s
proprietary finance related domains represent the major source of its
online traffic, and have been experiencing strong traction with online
users and advertisers.
The MyBanks.com acquisition complements InterSearch Group’s
Banks.com domain, a premier online consumer finance marketplace
aggregating information on a broad range of products and fees including
mortgages, credit cards, auto loans, debt management, and retirement.
MyBanks.com will provide a platform for personalized user pages,
allowing visitors to monitor performance of their investment portfolios,
record and analyze their income and expenses, and keep track of
important consumer finance metrics. It will also host user generated
content on a variety of financial topics, providing customers with an
opportunity to share investment advice and ideas with each other,
discuss their experience with various financial products, etc.
Andrew Keery, Executive Vice President of Product Management at
InterSearch Group, said, “Our goal is to build
a collection of premier category-level domains that would serve as an
online destination of choice for any finance related information and
products. We are striving to be the source of extensive, targeted
content in the key consumer finance areas and to serve as a liaison
between consumers and leading financial institutions.”
“Our finance related domains attract a highly
targeted audience due to their narrow focus on the consumer finance
vertical. This is valuable to advertisers and leads to above average pay
per Click (PPC) values. MyBanks.com is certainly a great strategic fit
for us, representing another category level property with a direct focus
on finance. We believe that customization features as well as Web 2.0
applications facilitating user generated content will significantly
enhance customer experience, drive increased user retention, page views
and, ultimately, revenues,” concluded Keery.
Forward Looking Statements
This press release contains forward looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 that
involve substantial risks and uncertainties. Forward looking statements,
which are based on management’s current
expectations, are generally identifiable by the use of terms, such as “anticipates,”
“believes,” “could,”
“estimates,” “expects,”
“intends,” “may,”
“plans,” “possible,”
“potential,” “predicts,”
“projects,” “should,”
“would” and
similar expressions. Forward looking statements contained in this press
release include statements regarding: our goal to build a collection of
premier category level domains in the financial services vertical and
the enhanced user experience on MyBanks.com and resulting increased
revenue. The potential risks and uncertainties that could cause actual
results to differ materially from those expressed or implied herein
include, among others, failure to compete successfully in the financial
services vertical; uncertainties related to the acceptance by customers
of our enhanced version of MyBanks.com;
and changes in general economic and business conditions. Further
information on the factors that could affect InterSearch Group’s
financial results is included in our filings with the Securities and
Exchange Commission, including our Annual Report on Form 10-KSB for the
fiscal year ended December 31, 2006, our quarterly reports on Form 10QSB
and our Current Reports on Form 8-K. Except as required by law, we
assume no responsibility to update these forward looking statements
publicly, even if new information becomes available in the future.
About InterSearch Group, Inc.
InterSearch Group is a leading operator of industry specific destination
portals and provider of Internet search services through a combination
of traffic aggregation and proprietary websites, such as www.Banks.com,
www.IRS.com and www.Look.com.
InterSearch Group operates in the fastest growing segments of Internet
commerce including paid search, direct navigation and online marketing
driving high quality traffic to advertisers and providing users with
quick access to pertinent products and services. Through its corporate
services division, InterSearch Group also provides Internet technology
related professional services to large corporations, predominantly in
the Financial Services industry. InterSearch Group is headquartered in
San Francisco, California at 222 Kearny Street, Suite 550, and can be
reached via telephone at 415-962-9700. More information about
InterSearch Group can be found at: www.InterSearch.com.