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SAN FRANCISCO--(BUSINESS WIRE)--Jan. 24, 2005--InterSearch Group,
Inc. (ISGP.PK -
News), which owns and operates several Pay Per
Click (PPC) Internet search engines and provides Fortune 500 companies professional consulting and search-related
services, said it has secured a $3.75 million line of credit to help it pursue its strategic growth plans.
InterSearch Group secured the new $3.75 million credit facility through Silicon Valley
Bank, Santa Clara, Calif.
Silicon Valley Bank provides diversified financial services to emerging growth and
mature companies in the technology, life science, private equity and premium wine markets. The company serves
more than 9,500 clients globally through 26 domestic offices, two international subsidiaries and an extensive
venture capital network.
"This line of credit provides us more flexibility to pursue the growth agenda we've
outlined," said Dan O'Donnell, President and CEO of InterSearch Group. "Our goals are to build business
organically through our existing units, as well as through continued target acquisitions of companies that
complement our services. We took care in looking for a financial institution partner to help us make those
goals a reality. Silicon Valley Bank was the firm that demonstrated they wanted to grow with us."
InterSearch Group consists of
Corporate Consulting Services, which oversees the
investment and operation of professional services in IT and financial services, executive staff recruiting and
corporate search services training, and Walnut
Ventures, which oversees the investment and operation of Internet technology and online search properties.
Walnut's Pay Per Click (PPC) search engine properties operate in the same space as
Google (GOOG), Ask Jeeves (ASKJ), InfoSpace (INSP) and Mamma.com (MAMA). Its long-standing PPC provider
partnerships and unique meta-search technology provide users with "one-stop shopping" that generates
the best search results throughout the Internet.
More information about InterSearch Group, Inc. can be obtained at its
website: www.InterSearch.com or by contacting the
company at 415-962-9700. InterSearch Group's stock is listed on the National Quotation Bureau under the symbol
ISGP.PK
Except for historical information, matters discussed above are forward-looking
statements within the meaning of safe-harbor provisions of the Private Securities Reform Act of 1995.
Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ
materially from projected results. Those factors include, but are not limited to, economic, competitive,
governmental and technological factors affecting the Company's operations, markets, services and related
products, prices or other areas. The Company undertakes no obligation to publicly release the results of any
revisions to forward-looking statements.
Editor Note: To obtain an InterSearch Group logo for publication, call or email
Terry McWilliams, Keller Crescent Co., using the contact information below.
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