Telescan acquires

Telescan acquires

Houston-based Telescan is to merge its online investment portal with to provide investors with a one-stop shop for seeking financial advice.

The newly merged site, to be called " at WallStreetCity," will give the 88,000 registered, opt-in users of WallStreetCity and the 87,000 registered, opt-in users of access to a range of financial content, tools and data in order to help them make more informed investment decisions.

The site is accessible from both and from

Under the terms of the deal, Telescan will deliver 1,063,531 shares of common stock to Individual Investor Group. In turn, Individual Investor Group has assigned certain assets to Telescan, including the customer database, the domain name and the trademark of ""

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