Press Release
InterSearch Group, Inc. Announces the Acquisition of Banks.Com
Expands its Presence in Financial Services Internet Domains
SAN FRANCISCO, CA — September 19, 2006 7:06 AM ET
InterSearch Group, Inc. (OTCBB:IGPN - News), a leading provider of Internet search services and operator of industry specific destination portals, announced today that it has acquired the internet domain www.Banks.com. The acquisition reflects the company’s strategy to expand its direct navigation business by acquiring additional domain names. With this acquisition InterSearch plans to build upon its recent progress in monetizing traffic to its financial services-related domains, including www.irs.com. InterSearch acquired irs.com in September of 2005.
Said InterSearch Chairman and CEO Dan O’Donnell, "We believe that this acquisition adds a valuable category-level domain to our portfolio. We expect that www.Banks.com will appeal to our advertising partners in such areas as mortgages, refinancing, credit cards, loans and other premium search terms. InterSearch remains committed to consummating acquisitions as an essential element of our growth strategy and we continue to explore the availability of attractive domains in our target commerce categories which include: travel, finance and recreation among others."
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, www.camps.com and www.Banks.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 Internet technology 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
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. The potential risks and uncertainties that could cause actual results to differ materially from those expressed or implied herein include, among others, the Company’s relationships with its current and future advertising and distribution network partners and the Company’s ability to achieve anticipated results from acquisitions. Further information on the factors that could affect the Company’s financial results is included in the Company’s SEC filings, including the most recent registration statement filed with the SEC under the heading "Risk Factors." Except as required by law, InterSearch Group assumes no obligation to update these forward-looking statements publicly, even if new information becomes available in the future.
Investor Contact:
BPC Financial Marketing,
John Baldissera,
800-368-1217.