TSIG--News Reverse coming 29x31 up 20%
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--June 7, 2000--TeleServices
Internet Group Inc. (OTCBB:TSIG), known as TSIG.com, today announced
that it has entered into a definitive letter of agreement to acquire
GeneralSearch.Com, an Internet portal and search engine company that
is debt-free and has more than $5 million of cash in the bank.
TSIG.com believes this purchase signifies a historic development in
the Internet world by combining a vast marketing network with a
leading-edge search engine and portal, giving the combined companies
the potential to register millions of Internet users at the lowest
customer acquisition cost in the industry.
In an article entitled "The Zero-Cost Acquisition Model," written
and located at www.otcinternetstocks.com, TSIG.com's model is
described as "drastically different than that of the traditional
consumer acquisition strategy in that it has no top line consumer
acquisition costs." The article goes on to explain that TSIG.com
"accomplishes this by partnering with extremely well branded (and
respected) charities and corporations such as United Cerebral Palsy,
Coca-Cola, Lufthansa and the Disney Corporation, just to name a few."
By contrast, TSIG.com's portal and search engine competitors, such as
Alta Vista, Lycos and Yahoo!, are reported to be spending hundreds of
dollars to attract each customer to their Web sites.
The transaction will close after TSIG.com's 10-for-1 reverse
split, which was previously approved by the company's shareholders. |
