Telescan Announces Acquisition of IndividualInvestor.com

Business Wire, Nov 19, 2001

Business Editors & High-Tech Writers

HOUSTON & NEW YORK--(BUSINESS WIRE)--Nov. 19, 2001

Telescan Inc (OTCBB:TSCN) today announced plans to merge IndividualInvestor.com and WallStreetCity.com to form one of the most comprehensive suites of online financial tools and analytics for the individual investor. The newly merged site, to be called "IndividualInvestor.com at WallStreetCity," gives the 88,000 registered, opt-in users of WallStreetCity and the 87,000 registered, opt-in users of IndividualInvestor.com unique access to an award-winning set of content, tools and data in order to help them make more informed investment decisions. WallStreetCity.com was recently selected by Forbes as part of its "Best of the Web" review of sites.

The site is accessible from both www.wallstreetcity.com and from www.individualinvestor.com.

Under the terms of the deal, Telescan has agreed to deliver to Individual Investor Group Inc. (OTCBB:IIGP) the 1,063,531 shares of Individual Investor Group common stock owned by Telescan and Individual Investor Group has assigned certain assets to Telescan, including the customer database, the domain name and the trademark of "IndividualInvestor.com."

The IndividualInvestor.com user base will have access to an upgraded set of content and functionality on WallStreetCity. A multi-media companion course, which includes a video, a book and cassette tapes, was designed to help users make the most out of the tools and analytics available on WallStreetCity and is available to customers by simply calling 1-800-883-6361.

"We've had a long relationship with Individual Investor Group, both as a supplier and an investor, and have respected their ability to attract desirable demographics to their products," said Lee Barba, Telescan's Chief Executive Officer. "This was our opportunity to provide the users of IndiviudalInvestor.com with an enhanced user experience and to simultaneously deliver our advertisers a consolidated set of demographics on one accessible and adaptable advertising platform."

"The companion video reiterates our strategy to focus on educating our customers," Barba continued, "as it teaches this new user base how to take advantage of the world-class tools and analytics now available to them and helps them make more informed investment decisions."

"We've long respected the tools and analytics developed by Telescan and have licensed portions of the WallStreetCity site, including the ProSearch screening application, for years," said Jonathan Steinberg, Chief Executive Officer of Individual Investor Group. "We felt a consolidation of IndividualInvestor.com into WallStreetCity would benefit IndividualInvestor.com's users by bringing them a greater variety of content and tools and unlocking the power of those tools with their educational programs. We are pleased that as a result of this transaction, we are able to reduce our shares outstanding by approximately 12%."

About Telescan

Houston-based Telescan provides products and services through two sales and marketing divisions, each serving a unique market. The Consumer Division publishes premium investment advice, education, tools and analytics to individual investors online through two Web properties, INVESTools.com and WallStreetCity.com. In addition, the Consumer Division operates a subscription marketing service and an e-mail list management service. As an Application Service Provider (ASP), Telescan's Business-to-Business Division offers businesses of varying sizes an array of online financial solutions to meet the unique requirements of the customer's Internet business strategy, along with site development and hosting services.

Telescan is currently in the process of merging with ZiaSun Technologies Inc. (OTCBB:ZSUN). The two companies will form a new entity, INVESTools Inc., which will provide investor education, financial publications and analytical tools worldwide. INVESTools has filed a registration statement on Form S-4 under the Securities Act with the Securities and Exchange Commission ("SEC"). The registration statement, which has been declared effective by the SEC, and its exhibits are available through the SEC's Web site at www.sec.gov. Telescan and ZiaSun stockholders as of Oct. 24, 2001, will be entitled to vote; stockholders of both entities will vote on the proposed merger on Dec. 6, 2001.

About Individual Investor Group Inc.

Individual Investor Group Inc. is a financial media company with print and Internet properties focused on investing topics and has created a family of America's Fastest Growing Companies(TM) stock indexes. The company has licensed the original member of the America's Fastest Growing Companies(TM) index family to Nuveen Investments and the American Stock Exchange for the creation of an exchange-traded fund based upon the index, which will commence trading on the American Stock Exchange (similar to the SPDR based upon the S&P 500 index and the QQQ based upon the Nasdaq 100 index) once regulatory approval is obtained. America's Fastest Growing Companies(R) and Investor University(R) are registered trademarks of Individual Investor Group Inc.