INVESTools and Phillips Investment Resources form strategic partnership for online expansion.Multi-media investment advisory publisher Phillips Investment Resources LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control last week entered into a definitive Letter of Intent with INVESTools Inc., a leading provider of investment education. As part of the agreement, INVESTools is selling its list of approximately 240,000 "INVESTools Advisory" customers to Phillips in exchange for the right to market investor workshops to Phillips' online investor lists for a period of three years. INVESTools will continue to serve subscribers of its paid investment newsletter products. INVESTools was founded in 1994 by Laird laird n. Scots The owner of a landed estate. [Scots, from Middle English lard, variant of lord, owner, master; see lord. Forshay, who built it up to carry more than 30 investment newsletters online and annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenues of about $4 million. Forshay sold it in 1999 to Telescan Inc. for 2.3 million shares of Telescan stock, which at the time were valued at about $50 million (NL/NL 7/99). In December 2001 Telescan merged with ZiaSun Technologies Inc. The Financial Publishing business line of INVESTools currently has about 38 investment newsletters online, which support more than 40,000 paid and 300,000 free subscribers and more than 750,000 unique visitors A count of how many different people access a Web site. For example, if a user leaves and comes back to the site five times during the measurement period, that person is counted as one unique visitor, but would count as five "user sessions. each month. Its Financial Education business line presents seminars, workshops, and self-directed audio-visual programs. More than 400,000 investors have attended seminars in 80 U.S. and 47 international cities. Its Business Services division leverages INVESTools' technology platform and expertise to provide private-label and co-branded versions of its products and services to businesses in the financial and publishing industries. INVESTools 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. Lee Barba barba [L.] beard. said, "A strategic partnership with Phillips opens another outstanding channel of distribution to INVESTools which, in conjunction with our recently announced BusinessWeek Investor Workshop partnership, is expanding our leadership in the field of investor education." Phillips Investment Resources is a division of Phillips The Division of Phillip was an Australian Electoral Division in the state of New South Wales. It was located in the Sydney's eastern suburbs, and was named after Captain Arthur Phillip, captain of the First Fleet and first Governor of New South Wales. International. Phillips, 7811 Montrose Rd., Potomac, MD 20854, 301-340-2100, fax 340-0877, www.phillips.com. INVESTools, 5959 Corporate Dr., #2000, Houston, TX 77036, 281-588-2100, www.investools.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion