This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

National Patent Development Corporation Changes Name To Wright Investors’ Service Holdings, Inc.

National Patent Development Corporation announced that effective today its name has been changed to Wright Investors’ Service Holdings, Inc. (OTC Bulletin Board: WISH). Wright Investors’ Service Holdings, Inc. is the parent company of The Winthrop Corporation, whose wholly-owned subsidiary, Wright Investors’ Service, Inc., is an investment management and financial advisory firm with approximately $1.5 billion of assets under management.

Harvey P. Eisen, Chairman and CEO of Wright Investors’ Service Holdings, Inc., commented, “The name change reflects our recent merger with Wright and our commitment to the Wright name. We look forward to building upon the Wright brand, its 50-year track record and time-tested diversified suite of products as we aim to become a leading asset management organization over time. Our goals are to continue to grow both internally and through key strategic partners and acquisitions.”

Peter M. Donovan, CFA®, Chairman and CEO of Wright Investors’ Service, Inc., stated, “This name change builds upon the Firm’s 50+ year history of providing clients with sound investment management and a commitment to the highest fiduciary standards. We look forward to expanding the Wright Investors’ brand as a world class investment management firm.”

Wright Investors’ Service Holdings, Inc., a Delaware corporation headquartered in Mount Kisco, New York, through its wholly-owned subsidiary, the Winthrop Corporation, a Connecticut corporation headquartered in Milford, Connecticut, offers investment management services, financial advisory services and investment research to large and small investors, both taxable and tax-exempt. For more than 50 years, the Wright companies have assisted institutions, plan sponsors, labor unions, bank trust departments, trust companies and individual investors in achieving their financial objectives. Wright’s management approach is to invest assets prudently by balancing risk and return. At the center of Wright’s investment process is the Wright Investment Committee. The Committee consists of a select group of senior investment professionals who are supported by an experienced staff. Founded as a research organization in 1960, Wright develops and publishes investment research reports on over 35,000 companies worldwide along with its established investment commentaries on the economy and investment markets.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, and include, but are not limited to, the risk that the expected benefits of the merger with the Winthrop Corporation on December 19, 2012 may not be achieved and may therefore make an investment in Wright Investors’ Service Holdings, Inc.’s securities less attractive to investors. Investors and security holders are cautioned not to place undue reliance on these forward-looking statements. Forward-looking information may be identified by such forward-looking terminology as “anticipate,” “believe,” “may,” “will,” and similar terms or variations of such terms. Additional information on these and other risks, uncertainties and factors is included in Wright Investors’ Service Holdings, Inc.’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other documents filed by Wright Investors’ Service Holdings, Inc. with the SEC. If these or other significant risks and uncertainties occur, or if our estimates or underlying assumptions prove inaccurate, our actual results could differ materially. You are urged to consider all such risks and uncertainties. In light of the uncertainty inherent in such forward-looking statements, you should not consider their inclusion to be a representation that such forward-looking matters will be achieved. Wright Investors’ Service Holdings, Inc. assumes no obligation to, and neither plans to, update any such forward-looking statements, other than as required by law.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,126.12 -36.87 -0.20%
S&P 500 2,120.79 -2.69 -0.13%
NASDAQ 5,097.9760 -8.6170 -0.17%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs