Information Services Group to List on NASDAQ
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STAMFORD, Conn., Jan. 15 /PRNewswire-FirstCall/ -- Information Services
Group (ISG) (Amex: III.U, III, 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 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.
SOURCE Information Services Group, Inc.
Barry Holt, +1-203-517-3110, bholt@informationsg.com , Investor Contact: Frank
Martell, +1-203-517-3104, fmartell@informationsg.com, both of Information
Services Group, Inc.
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