September 26, 2007 (HOSTSEARCH.COM) The shareholders of web hosting provider Web.com (http://www.web.com) and website building tools provider Website Pros (http://www.websitepros.com) have approved a number of merger-related matters, it was reported yesterday.
Web.com shareholders have approved the adoption of a merger agreement between Web.com and Website Pros, while Website Pros shareholders approved the issuance of Website Pros common stock to Web.com shareholders. The closing of the transaction is expected September 30, 2007.
"We are excited to have the confidence of the stockholders, explained Website Pros President and CEO, Mr. David Brown. We believe that the combination of Website Pros and Web.com will create a diversified, well-capitalized organization focused on providing the growing small business economy with a complete set of Web and marketing services designed to improve their businesses," "I am enthusiastic about our combined opportunities and look forward to continuing to grow shareholder value over time."
Alongside developing website building tools, Website Pros, Inc. is involved in Internet marketing, lead generation and technology solutions that enable businesses to maintain an effective Internet presence. Web.com is a leading destination for simple yet powerful solutions for websites and web services. The company offers website design, building and hosting, ecommerce, web marketing, and email.