TSIG.com Announces Successful Product Launch by Affinity Group
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Jan. 8, 2001--TeleServices Internet Group Inc. (OTCBB:TIGI), also known as TSIG.com, today announced that on December 1, 2000 its wholly-owned subsidiary, The Affinity Group, began marketing a new travel product through its affiliate base and via the Internet. The enthusiastic consumer response to the new product has exceeded management expectations by a wide margin.
"We are pleased to announce the signing of 18,000 new members, generating revenues of $1.8 million (unaudited) with net operating margins of approximately 15% for the month of December for our new Mini-Vacation product," stated Mr. Scott Roix, CEO of TSIG.com. "This travel package was a new product launched by the Affinity Group, and with the hard work of our marketing and sales teams, we surpassed expected goals. We look forward to continued success with this product, along with our existing line of Membership Clubs during the new year."
Added Mr. Roix, "As stated in my Shareholder Letter, the reorganization of TSIG.com is complete, and all the elements necessary to bring the company into a revenue generating and profitable entity are in place. By combining traditional marketing skills with Internet technology, and enlisting strong partners, TSIG.com will use the Internet to acquire, retain and sell to consumers in innovative ways, at a low cost and with highly attractive margins. We are excited about our capabilities, and the new sales and marketing arenas that are now open to TSIG.com and its subsidiaries."
About TSIG.com
Teleservices Internet Group Inc., also known as TSIG.com, is a Florida-based marketing and e-commerce company that focuses on the acquisition and retention of customers through marketing and promotional programs that utilize the most efficient technologies and distribution systems.
TSIG.com recently acquired The Affinity Group, a database marketing and sales company, and General Search com., a family-friendly search engine with one of the most accurate search results on the Internet. These acquisitions give TSIG.com the technology and management expertise needed for effective consumer marketing, and the unique advantage of an end-to-end consumer marketing group. TSIG.com has marketing programs and distribution channels designed to acquire customers at low cost, and then offers additional loyalty programs and content that will make the customer a repeat customer.
With a new management team, a focused business strategy and experienced marketing and IT professionals, TSIG.com is poised to become a leader in providing traditional and e-business sales and services. The company's current corporate partners include Pennzoil and Coca-Cola. More information about the company is available at www.tsig.com.
Forward Looking Statements
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 and its partners to execute their plans successfully; (3) the ability of the company to finance its operations; and (4) other factors noted in the company's SEC filings.
CONTACT: TeleServices Internet Group Inc.
Paul Henry, 727/897-4000
phenry@tsig.com |
