SOURCE: The Blueshirt Group

June 25, 2008 07:00 ET

The Blueshirt Group Announces Investor Relations Services for Blank Check Companies

SPAC Program Geared Towards Successful Shareholder Vote

NEW YORK, NY and SAN FRANCISCO, CA--(Marketwire - June 25, 2008) - The Blueshirt Group, a leading investor and media relations firm serving companies globally, today announced a customized set of services for blank check companies, or "SPACs" (Special Purpose Acquisition Companies). The SPAC program offered by Blueshirt emphasizes results-oriented communications and marketing services from the announcement of a transaction to the shareholder vote and beyond.

The services will be implemented and overseen by Jonathan Schaffer, managing director of Blueshirt's New York office, who has direct experience representing SPACs through the approval process, and David Walke, co-founder of Morgen-Walke Associates and now senior management advisor to Blueshirt as well as a board member of Symphony Acquisition Corp., a recently filed SPAC.

"Today's SPACs face a much tougher market, with less than half of deals receiving shareholder approval thus far in 2008, according to a recent article in The Wall Street Journal," said Mr. Schaffer. "In addition to bringing compelling target companies to the table, SPAC management teams also must work quickly and efficiently to position and market the transaction to the most appropriate fundamental investors and analysts."

"David and I bring hands-on experience working with SPACs to navigate the process and secure a successful shareholder vote," Mr. Schaffer added. "Additionally, Blueshirt offers clients specialized domain expertise across a broad range of industries and an extensive marketing network to reach out to investors before the shareholder vote."

Blueshirt's SPAC services include transaction rationale development and positioning, management training and preparation, extensive investor marketing and coordination, and advisory services.

"With SPACs representing nearly a quarter of IPOs that priced in 2007, we see a great opportunity for Blueshirt to develop this market with the introduction of our SPAC services product," said Alex Wellins, co-founder of The Blueshirt Group. "This innovative program is designed to strategically grow our firm's representation of SPACs and is representative of the firm's emphasis on diversifying our client base into new areas of focus."

David Walke joined Blueshirt in January 2008 as senior management advisor. Mr. Walke co-founded Morgen-Walke Associates in 1982. Upon its sale in January 2000, Morgen-Walke was the largest independent investor relations and corporate communications firm in the U.S. Mr. Walke has been an investor in the SPAC industry since its inception in the early 1990s and is a member of the board of directors of Symphony Acquisition Corp., a recently filed SPAC managed by EarlyBirdCapital, Morgan Joseph, and Pali Capital.

For more information please contact Jonathan Schaffer at 212/551-1452.

About The Blueshirt Group

Founded in 1999, The Blueshirt Group provides senior-level investor and media relations counsel to leading public companies, private companies and venture capital firms. The company's team is comprised of professionals with deep experience from Wall Street, investor relations, media relations, business journalism, and technology companies. The Blueshirt Group offers the highest managing director-to-client ratio in the industry in order to give clients the hands-on approach usually associated with internal investor and media relations programs. The Blueshirt Group is a privately held company headquartered in San Francisco with an office in New York City. For more information, please visit http://www.blueshirtgroup.com.

Contact Information

  • Contact:
    Jonathan Schaffer
    212-551-1452