Think Partnership Opens Hong Kong Office; Company Sees Growing Untapped Demand for Internet Marketing in Asia and Pacific
Clearwater, Florida, United States
, 2006-05-26
Think Partnership Inc. ("THK") (AMEX:THK)(the Company), a leader in market communications and related Internet technologies, today announced it has commenced operations in Asia with the opening of an office in Hong Kong.
In addition to setting the stage for expansion of search engine marketing operations for the company's US-based MarketSmart Interactive and UK-based Web Diversity operations, the facility will serve as a portal to new business throughout the Asia-Pacific region - including China, Japan and Australia - for Think Partnership's entire family of interactive advertising companies and services.
"Hong Kong is a leading business center for multinationals operating in Asia-Pacific and was an obvious choice for our first sales office for this region" said THK President and interim Chief Executive Officer Scott P. Mitchell, who officiated at the company's launch. "We believe that opening up this exciting new market and leveraging our interactive marketing technologies, methodologies, and knowledge represents a significant opportunity for revenue growth and margin expansion."
Think Partnership's new Hong Kong office is listed under the name, MarketSmart Interactive Asia/Pacific
(www.marketsmartinteractive.com.hk). 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.
"A Hong Kong office strategically positions THK to lead in the Internet marketing space in vast areas of Asia that have demonstrated tremendous growth potential," Banks stated. "This is a major business hub for us in Asia."
Banks and his Hong Kong team will be working with search marketing expert, Mike Grehan, of THK's UK-based Smart Interactive operation to expand Think Partnership's search marketing sales in both Europe and Asia. Banks is also a recognized leader in search marketing in Europe and is widely regarded as one of the leading authorities on the subject of Click Fraud worldwide. He has lived in Hong Kong for 20 years, and is highly familiar with the business and culture of Asia.
"In Asia, digital marketing and online advertising have yet to see the level of penetration found in the U.S. and Europe," Banks noted. "However, we anticipate it will grow rapidly here as advertisers become more knowledgeable and embrace digital marketing as they have elsewhere. For example, only eight percent of the population in the People's Republic of China has access to the Internet.
But this is changing, and over the next three-to-five years we will see an explosion of activity in this market, as well as others."
Think Partnership Inc. is now 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. See www.thinkpartnership.com for more information.
Statements made in this press release that express the Company's or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. For a discussion of these risks, see the Company's report on Form 10-QSB for the quarter ended March 31, 2006. The Company cannot guarantee future financial results, levels of activity, performance or achievements; and investors should not place undue reliance on the Company's forward-looking statements.
Contact
CONTACT:
Think Partnership Inc.
Xavier Hermosillo
310-832-2999;
[email protected]
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