SOURCE: Market Wire

May 03, 2005 10:15 ET

Market Wire CEO to Lead PR/IR Convergence Panel at First U.S. IR Magazine Think Tank

Inaugural, Invitation-Only Event Is Lauded Internationally - Brings Together a Who's Who of Corporate Communications and IR professionals

LOS ANGELES, CA -- (MARKET WIRE) -- May 3, 2005 -- Market Wire, a full-service distributor of company press releases and material news, announced today that President and CEO Jim McGovern is leading an expert panel at IR magazine's first-ever U.S. IR Think Tank.

On May 5, 2005 at the NASDAQ MarketSite, Times Square, New York, representatives from 50 U.S. companies are gathering to discuss a blueprint for the future of investor relations. The Think Tank is being organized by IR magazine, the global monthly publication for the investor relations community and has the support of a number of key industry organizations including Market Wire and NASDAQ.

The agenda for the day has been set by IR Officers attending who are interested in new approaches to the following hot button topics:

--  The relationship with the sell side and the future of independent
    research
--  The convergence of IR and PR - efficient strategy or false economy?
--  Guidance and Regulation FD
--  Leading-edge strategies for effective communication to diverse groups
    of shareholders, investor relations and the board
    
"While some think the topic of IR and PR convergence is outdated, we're listening to our clients and they're telling us that there remains ground to cover on the subject," said Jim McGovern, president and CEO of Market Wire. "Many IR, PR and Corporate Communications officers are still struggling with how to manage the complexity and divergent skill sets required to integrate and effectively communicate their corporate and financial messages without losing pace or, worse, causing a negative material impact to their business. Since distributing corporate and financial news is what we do, we are facilitating this critical dialogue in the hopes of helping our clients."

The goal of the Think Tank is to share ideas and distill best practices on these issues with the hope of recommending next steps to the broader community.

The Think Tank is a closed-door invitation-only event. The results will be published as a separate blueprint document and in an article in IR magazine. Where appropriate, the ideas of the Think Tank will also be used to lobby various organizations such as the SEC, the CFA Institute and others.

"The Think Tank approach to tackling current and controversial issues is a great way to advance the debate" comments IR magazine's editor in chief Adrienne Baker. "By turning the typical conference meeting style on its head we are able to empower our audience and readers and provide authoritative messages from the IR community."

About IR Magazine and IR Magazine Conferences

Published in New York and London by Cross-Border Publishing, IR magazine is the only global publication focused on the interface between companies and their investors. IR Magazine Conferences provide the worldwide IR audience with a forum for discussion, information and communication. They are an opportunity for IR professionals to educate themselves about new industry services, network with others in the industry and get practical advice from a wide range of experts. For more information, please visit www.ironthenet.com.

About Market Wire

Market Wire is a full-service distributor of company press releases and financial news announcements. Market Wire offers far and away the best value in the newswire industry, boasting the most secure, cost-effective, and comprehensive distribution of news with real-time newsfeeds to AP, Dow Jones, Bloomberg, Reuters, Yahoo!, CBS MarketWatch, AOL, MSNBC, Motley Fool, Lexis-Nexis, Factiva and thousands of other leading Web sites, newswires, and databases. Market Wire's news is directly integrated into the editorial systems of hundreds of newspapers and broadcast outlets, and is also sent directly to more than 30,000 individual journalists. The Company has more than 3,000 clients. Incorporated in January 1999, the Company entered into an alliance with NASDAQ in April 2003, whereby Market Wire became the preferred provider of press release distribution services to NASDAQ-listed companies. Market Wire also maintains strategic relationships with the London Stock Exchange's Regulatory News Service (RNS) and with DGAP, which is part-owned by the German Stock Exchange (Deutsche Börse), making Market Wire the only newswire with relationships with three of the world's largest stock exchanges.

A full listing of the company's products and specific distribution points can be found at www.marketwire.com.

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