TSIG.com Forms Partnership with PocketCard, the
Internet VISA Card for the Young
biz.yahoo.com
Wednesday February 23, 8:31 am Eastern Time
Company Press Release
TSIG.com Forms Partnership with PocketCard, the Internet VISA Card for the Young
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Feb. 23, 2000-\226 TeleServices Internet Group Inc. (OTCBB:TSIG - news), known as TSIG.com, today announced that it has reached an agreement with PocketCard, a new, high-tech VISA card designed especially for the young. Under the agreement, PocketCard will be available to TSIG.com's myMusicCard and myPhotoCard customers, allowing young people to make purchases while parents maintain control over spending limits.
PocketCard looks like and is accepted like a VISA card, but has unique features designed for the Internet user. The \223sponsor,\224 normally a parent or guardian, first sets up a virtual account with PocketCard. After the account is established, the sponsor can transfer funds in real-time, using any touch-tone phone or web browser. All transactions are reported in real-time, so that all purchases can be viewed on the card's transaction history at the PocketCard.com web site.
``Kids are among the biggest buyers of music and film processing, so PocketCard is the perfect partner for TSIG.com's myMusicCard and myPhotoCard programs,' noted Robert P. Gordon, Chairman and CEO. Pocket Card is the most convenient way for parents to establish accounts for their kids, to monitor their purchases, and to teach them responsible spending habits.``
About PocketCard
``PocketCard, the smart way to carry money' enables leading web sites to offer co-branded VISA cards to high-school and college students, employees and other under-served customer groups. PocketCard uses patent-pending technology to power these cards with real-time funding, reporting and control. This allows people who might not otherwise own a major payment card to have the full purchasing power, convenience and independence enjoyed by others. It also provides participating web sites with a powerful branding tool for strengthening customer relationships. Co-Branded VISA PocketCards are accepted at all online sites, and throughout the bricks and mortar world. The company's web site is at www.pocketcard.com.
About TSIG.com
Headquartered in St. Petersburg, Florida, TSIG.com created the My MusicCard program (http://www.mymusiccard.com) to enable consumers to purchase CDs and cassettes at the lowest prices, and to develop revenue-generating programs with corporations and non-profit organizations that drive consumers to customers' Internet sites for the lowest cost in the industry. Similarly, TSIG.com's My PhotoCard programs provide the lowest cost film processing and Kodak film. These unique marketing programs provide high margin returns and 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.
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 such factors as (1) competition in the markets for the products and services sold by the company, (2) the ability of the company to execute its plans, (3) the availability of financing at favorable terms, and (4) other factors detailed in the company's public filings with the SEC. |
