Think Partnership today announced that CEO Gerard M. Jacobs and Chairman T. Benjamin Jennings have tendered resignations as officers and directors of the company. Think Partnership also announced that for the rest of the year it plans to primarily focus on improving operations and taking advantage of integration opportunities within the company. The company's board of directors is in the process of evaluating the proposed resignations. Scott Mitchell will continue to serve as the company's president.
T. Benjamin Jennings and Gerard M. Jacobs jointly stated, "Think Partnership has a strong group of operating companies in several important Internet sectors. However, the Company has now reached an inflection point where we believe the vast majority of its management time and attention will likely be devoted to internal operations and capturing integration synergies among the Company's operating units, whereas our individual strength is in the strategy of organic growth coupled with strategic acquisitions."
"We believe Think Partnership, with its recently completed acquisitions, has the core foundation and capabilities to continue its pursuit of becoming the leading interactive marketing and advertising company by focusing on integration synergies and strengthening their operating positions," they said.
Think provides online and offline 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.