LIVERMORE, Calif., June 5, 2008 (PRIME NEWSWIRE) -- iMiners, Inc., an innovator in IR and PR communications solutions, today announced the availability of eShareholderForum, the first full-service, turnkey Electronic Shareholder Forum solution to enable public companies to facilitate communications among shareholders, and between the company and its shareholders. eShareholderForum will allow any public company to quickly and cost-effectively establish a company sponsored forum directly from the company's investor relations website. eShareholderForum will help companies take advantage of the recent rulings by the SEC encouraging the use of electronic shareholder forums to facilitate better dialogue among shareholders, and between shareholders and the company. In the final ruling, effective February 25, 2008, the SEC effectively removed the two major obstacles that had been holding companies back. First, amended Rule 14a-2 states that participation in an electronic forum will not constitute a "solicitation subject to the proxy rules" if certain conditions are satisfied. Second, a new Rule 14a-17 ensures that a company or vendor that operates an electronic forum "will not be liable under the federal securities laws for any statement or information provided by another person participating in the forum."
"The SEC and its Chairman Christopher Cox are keen and proactively encouraging Electronic Shareholder Forums for all public companies. While there are many options available, iMiners' eShareholderForum is the only one that optimally addresses the key concerns relating to controllability and ongoing costs of maintenance," said Jnyaneshwar Prabhu, founder and president.
iMiners will be demonstrating its eShareholderForum service at the National Investor Relations Institute Annual Conference Booth 713 from June 8-11 at the Manchester Grand Hyatt in San Diego. Companies interested in learning more, including taking part in beta testing should visit www.eshareholderforum.com
About iMiners, Inc.
iMiners, Inc. is a technology company that maintains an index of categorized press releases issued by over 6,500 companies into 10 major categories and 69 subcategories. Since 2005 iMiners has been providing innovative solutions for public relations, investor relations, and the investment community, all powered by iMiners' database of nearly half-a-million categorized press releases growing at a rate of about 750 every day. iMiners' products include PR Cycle, a SaaS solution that helps PR and IR professionals quickly draft high quality press releases; PR Interactive, an innovative module that powers content on Fortune 1000 IR websites; and eShareholderForum, the industry's first turnkey solution to enable public companies to facilitate direct communication between the company and its shareholders, and among shareholders.
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