TSIG.com, Lufthansa City Center, and Teleglobe Join Forces to Launch New myCard Programs in Europe
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--March 24, 2000-- TeleServices Internet Group Inc. (OTCBB:TSIG - news), known as TSIG.com, today announced that it has entered into an exclusive five-year license agreement with ETC, STS/Lufthansa City Center, the sales arm of Lufthansa Airlines, to market and sell TSIG.com's myMusic&Phone Card programs through the travel and airline industries in all European countries.
TSIG.com will fulfill the myMusicCard orders, and Teleglobe (NYSE,TSE:TGO - news news), a leading international teleservices provider, will provide the prepaid long-distance services under their recent agreement with TSIG.com.
The myMusic&Phone Card will be the first of TSIG.com's myCards that enables its users to buy multiple products with a single card. ETC, STS/Lufthansa City Center will market TSIG.com's myMusic&PhoneCard through its 500 Lufthansa City Centers, which last year served 98 million travelers, including 44 million on the Lufthansa AG passenger airline. TSIG.com plans to add other products and services to the myMusic&Phone card, and ETC, STS/Lufthansa City Center have the first right of refusal to market and sell these new products in the European territory.
``We have been looking for a way to quickly build a large presence for our myCard programs in Europe and we could not have found a better partner than ETC, STS/Lufthansa City Center,' observed Robert Gordon, TSIG.com's Chairman and CEO. ``As one of the largest travel providers in the world, Lufthansa City Center will be marketing our myMusic&PhoneCard program to its own tremendous passenger base, as well as the customers of other European travel companies. We expect this to be the first of many international partnerships as the result of our new agreement with Teleglobe.'
Added Ulisse Salvatore Marascia, President of ETC, STS/Lufthansa City Center, ``Virtually all of Lufthansa's 98 million travel customers need to make international long-distance calls, and most listen to music as well -- and TSIG and Teleglobe offer us and our customers the best value. This is an ideal kind of affinity program, where our customers will be carrying the myMusic&Phone Cards that offer them real value and convenience. We plan to market this program aggressively to our own loyal customers and to the European travel community. We look forward to a long and profitable relationship with TSIG.com and Teleglobe.'
About Lufthansa Group
Lufthansa Group is a globally oriented consortium of more than 250 subsidiaries and associated companies, all of which are either in the airline industry or in the business of supplying back-up services, such as logistics, maintenance, catering, IT services, and tourist or airport ground handling. The largest of these companies is Lufthansa AG, a commercial passenger airline with a staff of some 28000, including 12000 flight crew, 9000 flight attendants and over 3,000 pilots, co-pilots and flight engineers. In 1999, Lufthansa flew almost 44 million passengers, an 8% increase from the preceding year, and received the prestigious ``Airline of the Year 2000' award from Air Transport World for its ``success in a harsh competitive environment'.
About TSIG.com
Headquartered in St. Petersburg, Florida, TSIG.com created the myMusicCard 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 myPhotoCard programs provide low-cost film processing and Kodak film, and the myPhoneCard programs provide low-cost prepaid long-distance calling card services. These customized 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.
Contact:
TSIG.com, St. Petersburg
Paul Henry, 727/897-4000
phenry@tsig.com
or
Richard Wheeler, 727/897-4000
dwheeler@tsig.com |
