TeleServices Internet Group Clarifies News Release of December 1, 2000
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Dec. 5, 2000--TeleServices Internet Group Inc. (OTCBB:TIGI - news), also known as TSIG.com, today announced that an earlier news release issued on Dec. 1, 2000, may have inadvertently implied that TSIG.com had terminated a proposed transaction with Reliant Interactive Media Corp (OTCBB:RIMC - news). The termination was in fact made by Reliant as reported in their news release of November 30, 2000.
TSIG.com also regrets any confusion concerning PC sales being characterized as ``currently soft.'' It was our intent to express that PC sales industry-wide are currently soft. Reliant has reported that their computer sales are actually increasing currently.
It was correctly reported in the news release that The Affinity Group, a wholly owned subsidiary of TSIG.com, enjoys an excellent business relationship with Reliant. The Affinity Group has been advised that Reliant expects to continue utilizing the services of The Affinity Group, which have resulted in a mutually profitable relationship.
Scott Roix, CEO of Affinity, stated: ``We regret any confusion that may have been created by our earlier news release, but TSIG.com and The Affinity Group has a great relationship with Reliant and its management. We hope to have a long-term and profitable business relationship with Reliant.''
About TSIG.com
Headquartered in St. Petersburg, Fla., TeleServices Internet Group Inc., also known as TSIG.com, has recently acquired GeneralSearch.Com, an Internet search engine and portal, and The Affinity Group, an affinity marketing and sales company.
TSIG.com forms myCard partnership agreements with national corporations and non-profits, and works with those partners to design revenue-generating programs. These customized marketing programs are intended to provide recurring revenues to TSIG.com and its partners, and help develop strong brand loyalty and awareness within target communities. TSIG.com also provides customer service and support with its Web-based call center and related services. TSIG.com's corporate web site is at www.tsig.com and its myMusicCard web site is at www.mymusiccard.com.
This press release contains ``forward-looking statements'' within the meaning of Section 27A of the 1933 Securities Act and Section 21E of the 1934 Securities Exchange Act. Actual results could differ materially, as the result of (1) competition in the markets for the company's products and services, (2) the ability of the company to execute its plans, and (3) other factors noted in the company's SEC filings.
Contact:
TSIG.com, St. Petersburg
Paul Henry, 727/897-4000
phenry@tsig.com |
