Information Services Group Inc. — Director's Dealing 2007

Feb 1, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Information Services Group Inc. (III)
CIK: 0001371489
Period of Report: 2006-08-02

Reporting Person: Oenoke Partners LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-02	Shares of Common Stock	P	6356250	$.001	Acquired	6356250	Direct
2006-12-21	Shares of Common Stock	P	1054687	$.001	Acquired	7410937	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-01-29	Warrants	$6.00	P	6500000	Acquired	2011-01-31	Shares of Common Stock (6500000)	Direct

Footnotes

F1: The Warrants become exercisable upon the later of (i) the consummation of a business combination as described in the Company's Registration Statement on Form S-1 initially filed with the Securities and Exchange Commission on August 11,2006 (333-136536), or (ii)January 31, 2008.