Think Partnership Initiates $5 million Stock Repurchase Program
Published January 14th, 2008
CLEARWATER, Fla.- The board of directors of Think Partnership (AMEX:THK), the leading provider of interactive performance-based advertising networks and technology platforms, has authorized a stock repurchase program for up to $5 million of the company’s common stock through open market or privately negotiated transactions at prices deemed appropriate by management over the next two years. The program is effective immediately, with stock repurchases to be funded from available working capital.
“We believe our stock is substantially undervalued by the market and does not reflect the current and long-term prospects of our company’s business,” said Scott P. Mitchell, Think Partnership’s CEO and president. “We therefore determined a buy-back program to be an excellent investment and an opportunity to improve shareholder value by reducing the number of shares outstanding. We also believe it can enhance the leverage of our long-term shareholders, as well as provide another valuable tool to better manage our company’s financial strength.”
Depending on market conditions and other factors, these repurchases may be commenced or suspended at any time or from time-to-time without prior notice. As of September 31, 2007 Think Partnership had approximately 67.7 million shares outstanding. The company plans to continually reevaluate additional repurchase opportunities.
About Think Partnership Inc.
Think Partnership Inc. is an international leader in interactive performance-based marketing and related Internet technologies. Think provides a comprehensive and integrated set of scalable and cost-effective marketing solutions for both advertisers and publishers. These solutions increase customer retention and revenues through a diverse set of related marketing channels, including affiliate marketing, click-fraud-protected pay-per-click advertising, lead generation, interactive direct marketing, integrated offline advertising, campaign management, public relations, and branding. Think also operates several direct-to-consumer services including online dating, online education, and home business opportunities. High-profile brands include ValidClick AdExchange™, PrimaryAds™, iLead Media, KowaBunga!®, BabyToBee, Second Bite™ and MSA. For more information, visit www.thinkpartnership.com.
Forward Looking Statements
Statements made in this press release that express the company’s or management’s intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the company’s actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. For a discussion of these risks, see the company’s report, as filed with the Securities and Exchange Commission on Form 10-K, filed March 29, 2007, under the section headed “Risk Factors.” The company cannot guarantee future financial results, levels of activity, performance or achievements, and investors should not place undue reliance on the company’s forward-looking statements.
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