Investools Inc. (MM) (NASDAQ:IEDU)
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Investools Inc. (NASDAQ:IEDU), the market leader in fulfilling
the lifelong education needs of self-directed investors, today announced
its stockholders voted at a special meeting to approve the issuance of
shares of Investools common stock in connection with the proposed merger
of thinkorswim Group, Inc., a leading retail online brokerage firm, with
a wholly-owned subsidiary of Investools. Investools expects the merger
to close once the transaction receives regulatory approval.
At the special meeting, the stockholders also approved proposals to
amend Investools’ Certificate of Incorporation
to increase the authorized common stock from 60 million shares to 100
million shares and approved an amendment to the Company’s
2001 Stock Option Plan to increase the number of shares of common stock
available for issuance thereunder from 8 million to 12 million shares.
About Investools Inc.
Investools offers a full range of investor education products and
services that provide lifelong learning in a variety of interactive
delivery formats, including instructor-led online courses, in-person
workshops, "at home" study programs, one-on-one and group online
coaching sessions and telephone, live-chat and email support.
Approximately 264,000 investors around the world have graduated from
Investools' investor education programs. Log on to http://www.investools.com
to learn more about the Investools Method™ --
one of the most widely recognized, adopted and endorsed approaches to
investor education.
All statements in this press release that are not historical are
forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act of 1934. Such forward-looking statements
may be identified by words such as “believe,”
“intend,” “expect,”
“may,” “could,”
“would,” “will,”
“should,” “plan,”
“project,” “contemplate,”
“anticipate,” or
similar statements. Because these statements reflect the Company’s
current views concerning future events, these forward-looking statements
are subject to risks and uncertainties. The Company has made
every reasonable effort to ensure that the information and assumptions
on which these statements and projections are based are current,
reasonable, and complete. However, a variety of factors
could cause actual results to differ materially from the projections,
anticipated results or other expectations expressed in this press
release, including, without limitation, the success of brand development
efforts and strategic alliances; demand for the Company’s
products and services; the ability to compete effectively and adjust to
changing market conditions; inability to protect the Company’s
proprietary technology; difficulties or delays in developing improved
products when expected or desired and with the additional features
contemplated or desired; the potential for intellectual property
infringement, warranty, product liability, and other claims; the
uncertainties associated with governmental regulation; and other factors
detailed from time to time in Investools’ SEC
filings. The forward-looking statements are made only as of the
date hereof and the Company assumes no obligation to publicly
update or revise the forward-looking statements whether as a result of
new information, future events, or otherwise.