***THE 3 DIVISIONS***THE BUSINESS OF TSIG.com***
***An Overview of the Company's Business***
Sammie, what about getting this one up on the 'dd' page with the above header, so people can quickly read what the company is structured.
Suggest putting hyperlink to this above or below the "TSIG.com All Star" hyperlink
techstocks.com
TSIG.com: Not "just" an E-Commerce Company
***The 3 Divisions***PRESENT BUSINESS OF THE COMPANY TSIG.com***
From the 10-k
The Company has recently restructured its business operations and announced its intent, subject to shareholder approval, to change the name of the Company to "TeleServices Internet Group Inc." doing business as "TSIG.com". Through its three strategic business divisions (described below), the Company is positioning itself as a pioneer in providing comprehensive outsourced e-commerce solutions. These services will enable companies to develop, build and maintain e-commerce web sites, create revenue-generating programs with corporations and non-profit organizations that attract consumer to customers' sites, and complements these offerings with Web-based call center and related services that provide customer service and support. A brief description of the three divisions is set forth below.
..............On-Line Services Division...............
The Online Services Division plans to offer a full complement of online products designed to reduce a client's time to market and cost of development, by providing a proven e-commerce engine together with customized user-interfaces and various options of fault tolerant redundancy. The Company will offer this technology through "packaged products for rent" instead of the traditional building of websites from scratch. The Company will provide the necessary hardware, maintenance and technical support necessary for a client's solution at
a very competitive price. The Company plans to build up recurring revenue through monthly maintenance and support programs. This division will be headquartered in the Silicon Valley area of California.
The Online Services Division also plans to offer "Community Website"
products to support the "My Card" Programs of the Products and Services Division (described below) and to cross-sell products while providing an Internet solution to not-for-profit organizations.
..............TeleServices Division.....................
The TeleServices Division, based in St. Petersburg, Florida, will offer "Web-Based Customer Care Solutions" as well as traditional service bureau call-center business including, but not limited to, inbound, outbound and telemarketing, and client merger and acquisition services. Through state-of-the-art technology and Internet connectivity, all call center operators have on-line capabilities to provide customer and technical support and order
entry to provide solutions for both in-house products as well as clients'Web-based applications.
.............Products and Services Division................
The Products and Services Division offers consumer products through its customized "My Card" programs. The first of these products, My MusicCard, entitles holders to purchase music CDs and cassette tapes at a discounted prices. Consumers receive the discounts by purchasing membership cards either from the site or authorized distributors, through affinity programs with corporations and retail stores, or as part of fund-raising drives from non-profit organizations.
On March 29, 1999, the Company launched its proprietary Internet site,
mymusiccard.com, which enables consumers to purchase music CDs and cassettes over the Internet at prices lower than major retail or existing online sources. The site offers more than 250,000 music selections from a complete range of artists, and has the most robust searching ability of any music-only site, enabling consumers to search by any combination of artist, title, release date, song name and other criteria.
The myMusicCard.com site will soon offer video DVDs and other related
products, as well as links to other companies to provide Digital Downloading as well as customized compact discs. The My MusicCard program is the first of many proposed products that will be available to clients through the "My Card" Program. The next product the Company intends to launch is the "My PhotoCard".
The Products and Services Division has begun operations thorough two
wholly-owned subsidiaries: My MusicCard Company and My Card, Inc.
To handle order fulfillment of current and future products, the Company uses third-party fulfillment houses and also plans to develop its own fulfillment facility in California. |
