REcolorado-IRES Merger Talks End

We are disappointed to report that REcolorado and IRES have terminated merger negotiations.

For more than a year, the managements, Boards of Directors, and shareholders/members of both REcolorado and IRES have tried to move forward with a potential merger of the two MLS organizations. The parties could not reach agreement on a number of key terms. We appreciate the deep involvement of the shareholder/member associations of both REcolorado and IRES, and are not ruling out future discussions.

Please stay tuned for additional information over the next few weeks.

Regards,
Kirby Slunaker
President & CEO
REcolorado