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Technology Stocks : Inuvo

INUV 2.625

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Dec 24 12:59 PM EST

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From: Glenn Petersen	5/11/2006 7:23:25 PM
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Gerard Jacobs and Benjamin Jennings tender proposed resignations. THK intends to spend the rest of the year consolidating its acquisitions. Think Partnership Announces Changes to Board of Directors Company Following Through on Previously Announced Shift to Focus Upon Operations and Integration Thursday May 11, 8:27 am ET NORTHBROOK, Ill.--(BUSINESS WIRE)--May 11, 2006--Think Partnership Inc. (AMEX:THK - News; "Think Partnership" or the "Company") today announced that Chief Executive Officer Gerard M. Jacobs and Chairman T. Benjamin Jennings have tendered proposed resignations as officers and directors of the Company. Think Partnership also announced that for the rest of the year the Company plans to primarily focus upon improving operations and taking advantage of integration opportunities within the Company. The Company's board of directors is in the process of evaluating the proposed resignations. Scott Mitchell will continue to serve as the Company's president. T. Benjamin Jennings and Gerard M. Jacobs jointly stated, "Think Partnership has a strong group of operating companies in several important Internet sectors. However, the Company has now reached an inflection point where we believe the vast majority of its management time and attention will likely be devoted to internal operations and capturing integration synergies among the Company's operating units, whereas our individual strength is in the strategy of organic growth coupled with strategic acquisitions." They continued, "We believe Think Partnership, with its recently completed acquisitions, has the core foundation and capabilities to continue its pursuit of becoming the leading interactive marketing and advertising company by focusing on integration synergies and strengthening their operating positions." <snip> biz.yahoo.com

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