Boston is THINK'S New Idea; THINK New Ideas, Inc. Acquires Boston's BBG New Media, Adding Clients, Competencies, and More Than Five Million Dollars in Profitable Revenues.NEW YORK--(BUSINESS WIRE)--Nov. 10, 1997--THINK New Ideas "New Ideas" is the debut single by Scottish New Wave/Indie Rock act The Dykeenies. It was first released as a Double A-side with "Will It Happen Tonight?" on July 17, 2006. The band also recorded a video for the track. , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NMS See NetWare Management System. :THNK) today announced that the company has acquired interactive agency BBG BBG Brooklyn Botanic Garden BBG Broadcasting Board of Governors BBG Bloomberg (financial company) BBG Bundesbeamtengesetz (German Law) BBG Bergbau-Berufsgenossenschaft (Germany) New Media, one of the largest independent new media agencies in New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. , adding clients, competencies and more than five million dollars in profitable revenues to THINK's expanding roster of global clients and services. BBG New Media is a leading provider of interactive solutions, technology consulting, Web sites, and next-generation CD-ROMs and interactive media. BBG's clients have included: John Hancock, Progress Software, Fidelity Investments Fidelity Investments is a group of privately held companies in the financial services industry. It is made up by two independent but closely cooperating companies, Fidelity Management and Research Corporation (FMR Co. , BankBoston, Buck Consulting, The Gillette Company, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , EMC Corporation, Putnam Investments and The Boston Globe. "The addition of BBG New Media allows us to quickly enter an important and growing Boston-based, international market, and further strengthen our global, blue-chip client list in the technology, financial services and manufacturing industries," said Scott Mednick, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of THINK New Ideas, Inc. "We believe it makes an important statement for THINK, further establishing our position as the marketing and communications company for the information age." "BBG has experienced great success in positioning our clients for the move into the next-generation of interactive marketing and information technologies," comments Joe Nicholson, BBG's Founder and CEO. "We will now be able to leverage our clients and learn by incorporating THINK's impressive skills and methodologies into our systems. We are already working together and our clients are experiencing the benefits of the relationship." "The BBG announcement ideally exemplifies our acquisition efforts on both a strategic and tactical level," commented Ron Bloom, President and COO of THINK. "BBG contributes several elements that THINK feels are critical in an acquisition: profitability, a broad base of talent, geography, quality management, online and offline skills, access to new clients, and an almost ideal mix of culture and focus." "BBG has several technologies that THINK is incorporating into our systems and offerings," commented Adam Curry, Chief Technology Officer of THINK. "With their experience in database integration and other capabilities, they will definitely make a contribution to our technology consulting and service mix." In keeping with THINK's philosophy of working not as a holding company but as an operational entity, BBG will immediately begin re-branding their Boston office as THINK Boston. Both BBG Founder Nicholson, and Dan McCartney, the president of the company, will remain at the helm of BBG, becoming executives at THINK. Elements of the office's 60 employees have already begun working with THINK and the process will continue as the offices integrate. THINK will acquire 100% of the capital stock of BBG New Media, a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , for approximately 300,000 shares of its common stock, $175,000 in cash and THINK's agreement to issue additional compensation based upon performance criteria. The acquisition comes on the heels of THINK announcing that the company reached its first profitable quarter (1Q, 1997) within one year of its initial public offering in November, 1996. THINK New Ideas, Inc., The Marketing And Communications Company For The Information Age, with offices in Los Angeles, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Atlanta, and Seattle, provides a broad range of information technology and interactive business solutions to Fortune 500 and other high profile clients. THINK is also positioned as one of the leading Internet and Intranet systems developers and interactive communications solutions providers in the emerging new technology and digital communications arena. The company's integrated solutions include the development of several proprietary Internet, Intranet tools and applications including WebMechanic, E-corp, Netcube, ASAP (chat) asap - As soon as possible. and Comparabase, each providing specific solutions to business problems commonly faced by large corporations. CONTACT: The Terpin Group Denise Walpole/Kim Freeman 212/473-7500 dwalpole@terpin.com kfreeman@terpin.com or THINK New Ideas, Inc. Brian Czarny 212/216-0146 brian.czarny@thinkinc.com |
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