Webhosting and Tech Firm, Think Partnership, Initiates Family Trust Stock Sale

Updated on Thursday, July 6th, 2006 at 10:59 am

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Clearwater, Florida - (Cheap Web Hosting Directory) - July 6, 2006 - Web host, market communications and related Internet technologies firm, Think Partnership Inc., has entered into a Securities Purchase Agreement, selling an aggregate of 3,229,726 shares of the Company’s common stock and warrants to purchase an aggregate of 3,130,000 shares of common stock to certain private investors.

Mr. Robert T. Geras, a director of the Company, was one of the private investors and purchased an aggregate of 500,000 shares of common stock and warrants. The purchase price for the shares of common stock is $1.43 per share and the purchase price for each warrant is equal to $1.43 less the exercise price of the warrant. The investors immediately exercised the warrants and the aggregate exercise price of $371,300 was paid to the Company. The trustee of the Trust is the mother-in-law of former CEO Gerard M. Jacobs and the Company has been advised that Mr. Jacobs is neither a trustee nor a beneficiary of the Trust; however, his children are beneficiaries of the trust. The Securities Purchase Agreement is included with the Form 8-K filed by the Company.

The Securities Purchase Agreement, pursuant to which the Roberti Jacobs Family Trust and former Chairman, T. Benjamin Jennings, also granted to the investors certain registration rights, in connection with a definitive Registration Rights Agreement, under which the Company agreed to continue to list the Securities for registration in the Company’s Registration Statement on Form SB-2 and to update the Selling Shareholder table contained therein to reflect the sale of the Securities to the investors. In addition, the Company agreed to use its commercially reasonable best efforts to cause the Registration Statement to become effective within 120 days of the closing of the private sale. The Registration Rights Agreement is included with the Form 8-K filed by the Company.

Think Partnership Inc. is based in Clearwater, Florida and provides online and off-line marketing, advertising, public relations, branding, and shopping evaluation services; search engine optimization and marketing services, opt-in email marketing, and pay-per-click campaign management; online dating; web design, custom web-based applications, database systems, managed and shared hosting solutions, e-commerce and high-speed business Internet access; software for affiliate marketing and affiliate marketing services; online education; and marketing to expectant parents.

Think Partnership recently expanded with a new Hong Kong office, listed under the name, MarketSmart Interactive Asia/Pacific. Jim Banks, President and CEO of Web Diversity, a newly acquired unit of THK, will serve as President of Operations for the new MarketSmart Interactive Asia-Pacific office.

To learn more, please visit: www.thinkpartnership.com.

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