InfoSearch Media Reports Management's Purchase of Additional Shares on the Open Market
31 Décembre 2007 - 1:55PM
Marketwired
MARINA DEL REY, CA , a leading Internet search marketing firm
that cost-effectively delivers web traffic via search optimized
text and video content, today announced that various members of its
management team have collectively purchased approximately 370,000
shares in the open market during the Company's recent trading
window which ended December 14, 2007. This collective purchase by
management represents almost 1 percent of the Company's outstanding
shares.
"The InfoSearch Media management team indicated its intention to
purchase ISHM shares on the open market for their personal accounts
in the Company's third quarter earnings release. Insider buying by
the management team is something we have done previously and the
message is simple: we are confident in the prospects for the
Company," said George Lichter, President and CEO of InfoSearch
Media. "We feel that the recent market prices represent an
excellent buying opportunity and we will continue to consider
additional stock purchase opportunities going forward as our
insider trading policies permit."
About InfoSearch Media
InfoSearch Media (http://www.InfoSearchMedia.com) is a leading
Internet search marketing company and the largest dedicated
provider of traffic-targeted online text and video content.
InfoSearch Media's network of professional writers, editors,
technical specialists and video producers helps businesses succeed
on the Web by implementing cost-effective Internet marketing
solutions designed to deliver more web traffic for customers of
every size. Whether a business needs more local traffic in 100
cities or is a content publisher with an ongoing need for fresh,
targeted Web content, InfoSearch Media offers the outsourced
solutions, capacity and reputation to help it win the audience it
needs on the Internet.
Safe Harbor Statement
This release contains "forward-looking statements" that involve
risks and uncertainties. Actual results may differ materially from
expectations discussed in such forward-looking statements.
Management assumes no obligation to comment on or provide an update
to its stock purchases or sales in the future except as
specifically required by law and by the Securities and Exchange
Commission. Factors that might cause such differences include, but
are not limited to the challenges of attracting new customers and
maintaining existing customers and developing, deploying and
delivering InfoSearch services; competition from existing and new
competitors; the ability to generate sufficient cash flow or
otherwise obtain funds to repay new or outstanding indebtedness;
the loss or decline in business from our key customers and other
risks described from time to time in InfoSearch's filings with the
Securities and Exchange Commission. In particular, see InfoSearch's
recent quarterly and annual reports filed with the Securities and
Exchange Commission, copies of which are available upon request
from InfoSearch. InfoSearch does not assume any obligation to
update the forward-looking information contained in this press
release.
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Contact: Investors Scott Brogi CFO 310.822.1103 Email Contact
Media Heather Gore Vice President 310.437.7562 Email Contact
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