Think Partnership Inc. Q4 2005 Earnings Conference Call Transcript (THK)

Think Partnership Inc. (THK)
Q4 2005 Earnings Conference Call
April 3rd 2006, 11:00 AM

Executives:

Gerard M. Jacobs, Chief Executive Officer
Scott P. Mitchell, President
Jody Brown, Chief Financial Officer
George Douaire, Chief Operating Officer

Presentation

Operator

Good morning, and welcome to the Think Partnership’s 2005 and Q4 2005 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remark, there will be a question and answer period. Operator Instructions As a reminder ladies and gentlemen, this call is being recorded today, Monday, April 3rd, 2006. A digital replay will be available after the call. You may access this replay by dialing 800-642-1687 within the US, or 706-645-9291 outside of the US. You will then need to enter conference ID number 7220768 to access the replay. That conference ID number again is 7220768. Also a replay of this call is available online on the company’s website at: www.thinkpartnership.com. Click the Investor Information tab and you will find the link to the replay. At this time I would like to introduce the company’s Chief Executive Officer, Mr. Gerard M. Jacobs. You may begin your conference Mr. Jacobs.

Gerard M. Jacobs, Chief Executive Officer

Thank you very much. I am the Chief Executive Officer of Think Partnership Inc. I am a Phi Beta Kappa graduate of Harvard University and received a Lehman’s Kirkman scholarship to the University of Chicago Law School. I am a former CEO of Metal Management Inc. in Chicago. Think Partnership is headquartered in Northbrook, Illinois, and our common stock is traded on the American Stock Exchange under the symbol THK. During this conference call, the management of Think Partnership may make forward-looking statements. Forward-looking statements are statements that are not historical including statements regarding management’s intentions, beliefs, expectations, representations, plans or predictions of the future and are typically identified by words such as "believe," "expect," "anticipate," "intend," "estimate," "may," "will," "should" and "could." Such statements constitute forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act of 1995, and are subject to a number of risks and uncertainties that could cause our actual results to differ materially from the statements made. These risks and uncertainties are detailed in the company’s filings with the SEC.

For a discussion of these risks, see Think Partnership’s report on Form 10KSB for the year ended December 31, 2005 under the section headed management’s discussion and analysis of financial condition and results of operations. Think Partnership cannot guarantee future financial results, levels of activity, performance or achievements; and investors should not place undue reliance on management’s forward-looking statements. The forward-looking statements contained in this conference call represent the judgment of Think Partnership’s management as of today’s date and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.

At this time, our talented President, Scott Mitchell will introduce himself and summarize for you our management’s vision for Think Partnership, 2005’s challenges and accomplishments and where we believe Think Partnership is headed on a go forward basis.

Scott P. Mitchell, President

Thank you Jerry. Good morning to everyone and thank you for taking time of f your busy schedule to join us on this call today. As Jerry said, my name is Scott Mitchell and I am the company’s President. Some of you may already know me, but to those of you that don’t, I want to take a quick second, and give you some background on myself. I was born and raised in the suburbs of Chicago and after skipping high school and going straight to college, I earned two bachelor degrees and three master degrees before the age of 21, I began my career working for Arthur Anderson as a Technology Consultant, and after six years I became the youngest partner in the firm’s history. Two weeks after making partner, I left the firm to become a co-founder of tunes.com where I launched, was then the largest music network online, it included sites like growingstore.com, thestores.com and dombyks.com. The company raised $48 million in venture capital and was successfully sold to a public company for $108 million after just two years of operation.

After that I worked for Barry Diller and launched hsn.com, Interactive Corporation’s home shopping network and served as a Chief Technology Officer for two years, during which time I grew the business, grew online business, to $250 million revenue and $25 million EBITDA business. I then focused my efforts on growing the online dating company, formerly known as WebCapades, which I merged in August 2004 with Think Partnership. After working with Ben Jennings and Jerry Jacobs, and taking a leadership role in strategy, and merger and acquisitions, Ben and Jerry invited me to become the President of the company.

I consider myself very fortunate to have had such an exciting career, and I am currently excited about what we are building here. The vision for Think Partnership is to become the world’s most comprehensive interactive advertising business. Businesses are beginning to realize that developing this active interactive performance based marketing strategy is becoming more than just a way to supplement or reinforce our offline advertising initiatives. Rather they are beginning to realize that interactive and performance-based marketing is beginning to become a more prominent if not primary portion of their marketing mix and even critical to their competitive survival. As more offline advertising dollars are shifted online and as innovation in online advertising continues to accelerate, businesses will be faced with fragmented opportunities leverage increasingly wide array of online advertising approaches, and channels as they will have little to no experience with.

Think Partnership aims at providing a more holistic approach for channels that are cross leveraged and integrated, and we are champions of optimized based on the goals of the advertiser, thereby providing the highest return. This full service approach interactive advertising will not only enable Think Partnership to provide better value to its customers, we also enable Think Partnership to innovate and be flexible and agile as the dynamic online advertising world continues to develop and evolve.

The pursuit of our vision has not been an easy one. For Think Partnership 2005 was the year of our evolution. A year when our company was redefined, rebuilt, and renamed. Sometimes through conscious choice and deliberate action, but more often through coincidence and circumstances, we are forced to simultaneously address almost every difficult issue facing our company, which consumed almost all of our management time while struggling to relevantly execute on the definition and development of our emerging business. Despite many disruptions, challenges and obstacles, we remained consistent in our resolve, and for this I am grateful to every shareholder and employee for their continuous belief and support in what we are building.

The 19th century German Philosopher Frederick Nietze is quoted as saying, “That which does not destroy me will make me stronger

Comments

[Aremekem:]

rock and roll

2008 Mar 29 06:32 AM