Press Release
InterSearch Group Announces Changes in the Composition of the Board of Directors
Monday May 8, 2006 4:22 pm ET
InterSearch Group, Inc. (OTC:IGPN - News), today announced several changes to the composition of its Board of Directors implemented primarily in anticipation of becoming listed on a national securities exchange.
President and CEO Daniel O’Donnell has been appointed Chairman of the Board, replacing Frank McPartland, who served as Chairman from 1996 to 2006. Mr. McPartland will continue serving on the Board as Vice Chairman. Additionally, Charles Dargan has been appointed as a board member and as Chairman of the Audit Committee of the Board of Directors, replacing T. Radford Hazelip, who resigned from the Board.
Mr. Dargan is currently CFO at Semotus Solutions, Inc., a wireless infrastructure firm based in San Jose, CA, as well as a principal in the accounting firm, CFO 911. Prior to joining Semotus, Mr. Dargan was a Managing Director at the Seidler Companies, a private investment bank, brokerage and public finance firm headquartered in Los Angeles.
About InterSearch Group, Inc.
InterSearch is a leading provider of Internet search services through a combination of traffic aggregation and proprietary websites, such as www.irs.com. The company 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 InterSearch Corporate Services division, the company also provides IT and Internet strategy consulting to large corporations, predominantly in the financial services market. InterSearch 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, Inc. can be found at http://www.intersearch.com.
Forward Looking Statements
Statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. InterSearch Group’s actual results may differ materially from those set forth in the forward-looking statements due to a number of risks, uncertainties and other factors, as discussed in InterSearch Group’s filings with the SEC. These factors include, without limitation, uncertainty in the demand for InterSearch Group’s services or products, InterSearch Group’s ability to manage its growth, and the listing of InterSearch’s common stock on a national securities exchange. InterSearch Group does not assume any obligation to update these forward-looking statements.
Investor Contact:
BPC Financial Marketing,
John Baldissera,
800-368-1217.