Cotelligent Divestiture of IT Services Supported by ISS; Institutional Shareholder Services Report Recommends Cotelligent Shareholders Vote in Favor of Company's Planned Divestiture of IT Services Business.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- Cotelligent, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CGZT) announced today that Institutional Shareholder Services recommended that shareholders vote in favor of the company's planned divestiture of its IT Services business. Institutional Shareholder Services, Inc. (ISS ISS See Institutional Shareholder Services (ISS). ) is the world's leading provider of proxy voting Proxy voting is the delegation to another member of a voting body of that member's power to vote in his absence. It is essentially synonymous to delegated voting. Proxy voting is commonly used in corporations for voting by members or shareholders, because it allows members and corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. services. ISS serves more than 950 institutional and corporate clients worldwide with its core business - analyzing proxies and issuing informed research and objective vote recommendations for more than 10,000 US and 12,000 non-US shareholder meetings each year. In its conclusion, the ISS Report states, "Based on the positive market reaction, the thorough sale process, and sound strategic rationale, we believe that the asset sale warrants shareholder support." "We're pleased that ISS is supporting our Board of Directors in approving the planned divestiture of our IT Services business," said James Lavelle James Lavelle (born 1974 in Oxford, England) is a DJ, electronic recording artist and record label boss. He is best known for producing work in the trip hop, breakbeat and house music genres. , Cotelligent's 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. . About Cotelligent, Inc. Cotelligent, Inc. (www.cotelligent.com) creates customized business solutions that enhance existing applications, integrate disparate systems and extend our client's current environment with mobile and web technologies. Cotelligent develops solutions on a proven foundation of reusable design components and patterns that give clients greater flexibility and agility for future requirements. We create solutions that precisely fit each of our client's needs and improve productivity with the shortest possible implementation time. Our exclusive architecture, consultative and collaborative approach has helped our clients reduce costs and implementation time by as much as 50%. Cotelligent clients include automotive, distribution and consumer package goods industry leaders. About Watchit Media, Inc. Watchit Media, Inc. (www.watchitmedia.com) is a leader in producing and delivering high-impact dynamic digital television programs through their Private Video Network(TM) that entertain, inform, educate and influence its audiences. The internet technology infrastructure of Watchit Media coupled with more than 12 years industry experience gives our customers a highly reliable, cost-effective, powerful visual experience that differentiates Watchit. In addition, the easy-to-use, Web-based applications of Watchit Media, such as Manageit(TM), Makeit(TM) and Scheduleit(TM), allow clients to create, manage, update and schedule their own advertising in a matter of minutes A Matter of Minutes is an episode from the television series The New Twilight Zone. Cast
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