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) -- 05/03/2005 -- 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
-- 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"While some think the topic of IR and PR convergence is outdated, we're listening to our clients and they're telling us that there remains ground to cover on the subject," said Jim McGovern, president and CEO of Market Wire.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."

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