Investools Receives Stockholders Approval for Merger with thinkorswim
January 17 2007 - 2:52PM
Business Wire
Investools Inc. (NASDAQ:IEDU), the market leader in fulfilling the
lifelong education needs of self-directed investors, today
announced its stockholders voted at a special meeting to approve
the issuance of shares of Investools common stock in connection
with the proposed merger of thinkorswim Group, Inc., a leading
retail online brokerage firm, with a wholly-owned subsidiary of
Investools. Investools expects the merger to close once the
transaction receives regulatory approval. At the special meeting,
the stockholders also approved proposals to amend Investools�
Certificate of Incorporation to increase the authorized common
stock from 60 million shares to 100 million shares and approved an
amendment to the Company�s 2001 Stock Option Plan to increase the
number of shares of common stock available for issuance thereunder
from 8 million to 12 million shares. About Investools Inc.
Investools offers a full range of investor education products and
services that provide lifelong learning in a variety of interactive
delivery formats, including instructor-led online courses,
in-person workshops, "at home" study programs, one-on-one and group
online coaching sessions and telephone, live-chat and email
support. Approximately 264,000 investors around the world have
graduated from Investools' investor education programs. Log on to
http://www.investools.com to learn more about the Investools
Method� -- one of the most widely recognized, adopted and endorsed
approaches to investor education. All statements in this�press
release that are not historical are forward-looking statements
within the meaning of Section 21E of the Securities Exchange Act of
1934. Such forward-looking statements may be identified by words
such as �believe,� �intend,� �expect,� �may,� �could,� �would,�
�will,� �should,� �plan,� �project,� �contemplate,� �anticipate,�
or similar statements. Because these statements reflect the
Company�s current views concerning future events, these
forward-looking statements are subject to risks and uncertainties.
The Company has made every reasonable effort to ensure that the
information and assumptions on which these statements and
projections are based are current, reasonable, and complete.
However, a variety of factors could cause actual results to differ
materially from the projections, anticipated results or other
expectations expressed in this press release, including, without
limitation, the success of brand development efforts and strategic
alliances; demand for the Company�s products and services; the
ability to compete effectively and adjust to changing market
conditions; inability to protect the Company�s proprietary
technology; difficulties or delays in developing improved products
when expected or desired and with the additional features
contemplated or desired; the potential for intellectual property
infringement, warranty, product liability, and other claims; the
uncertainties associated with governmental regulation; and other
factors detailed from time to time in Investools� SEC filings. The
forward-looking statements are made only as of the date hereof and
the Company assumes no obligation to publicly update or revise the
forward-looking statements whether as a result of new information,
future events, or otherwise.
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