SOURCE: Global Investor Services, Inc.

March 30, 2011 14:46 ET

Global Investor Services, Inc. Announces Repurchase Program and Scheduled a Business and Marketing Update Conference Call on April 14, 2011

OREM, UT--(Marketwire - March 30, 2011) - Global Investor Services, Inc. ("Global") (OTCBB: GISV) announced that it is adopting a share repurchase program. The Company's Board of Directors designated a program to repurchase, from time to time, at management's discretion, up to $250,000 in shares of the Company's common stock in the open market and continuing through September 30, 2011 at prevailing market prices. There can be no assurance as to how many common shares will be purchased, if any. In addition, the repurchase program may be suspended or discontinued at any time. Common stock acquired though the repurchase program will be held as treasury shares and may be used for general corporate purposes, including re-issuances in connection with acquisitions, employee stock option exercises or other employee stock plans. Repurchases will be made under the program using our own cash resources and will be in accordance with Rule 10b-18 under the Securities Exchange Act of 1934 and other applicable laws, rules and regulations. The company has selected Legend Securities Inc. to act as the exclusive agent for our stock repurchase program. 

Commenting on the announcement, Nicholas Maturo, Global's CEO, stated, "At recent price levels we believe that our common stock represents an attractive investment opportunity for our company. It is our position that our company has made certain operational moves in the right direction and the decision to initiate the share repurchase program illustrates the confidence we have in the long-term value of our company. We will continue to pursue initiatives from an operational standpoint that are key to our development as well as investments that are in the best interest of our company and its stockholders."

Global also announced that it will host a conference call for its shareholders and investors to be held on Thursday, April 14, 2011 at 1:00 PM Eastern Time. The Company will update its shareholders and investors on its business and will discuss its progress in implementing its Marketing Strategy and on the results of its various Marketing Campaigns in the past year.

Global has implemented lead generation strategies and activities across various channels through its marketing services agreement with Inspired Media Group and the increased lead flow has resulted in increased product sales. In the past year, the company has generated thousands of prospective customer leads and has built an in-house sales group to convert the leads.

Global's business development efforts have created a number of InvestView product distribution opportunities with large financial institutions which it is prepared to further discuss behind the public announcements. 

"We have made solid progress in implementing our online marketing strategy which is resulting in significant lead flow and increased revenue and the company has created a broad based interest among several financial institutions for its products and services," said Nick Maturo, CEO of Global Investor Services, Inc.

For the Conference Call, we invite our shareholders and investors to please follow the instructions below to register for and to join the online meeting.

Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/289758915

Or, you may select Use Telephone after joining the Webinar.
Toll: +1 (805) 309-0022
Access Code: 110-261-674
Audio PIN: Shown after joining the Webinar
Webinar ID: 289-758-915 

Please refer to our filings to view the information from the conference call and also visit our websites to view the presentation materials and other content from the call. 

About Global Investor Services, Inc.

Global Investor Services, Inc. provides and delivers a comprehensive on-line program of investor education through its InvestView brand, offers proprietary investor search tools and trading indicators, distributes weekly newsletters, offers access to a live "state of the art" weekly Trading Room. www.investview.com

Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.

Contact Information

  • For more information, please contact:
    Global Investor Services, Inc.
    (801) 889-1800
    www.GISVonline.com