Trader J: this post on MSGI looks very interesting. I don't know if you have seen it...but it is supposed to be both for both 'short term' traders...and also for those people that prefer a longer term perspective. I did buy and I am considering buying more next week. NOW , I know YOUR feelings when you are thinking of exchanging one position for another one...some days are like that! Good luck, to all!
tokyojoe.com initiates coverage on MSGI ,,,
MSGI provides database management, custom telemarketing/telefundraising and other
direct marketing services throughout the U.S. For the three months ended 9/98, total
revenues rose from $7.3 million to $17.2 million. Net loss applicable to Common
totalled $784 thousand, up from $97 thousand. Revenues reflect the Acquisition and
Start-Up Operation. Higher loss reflects the costs associated with the Acquisition and
Start-Up Operation and and increase in head count.
Todays News: MSGI Reports Internet Ticket Sales Increase of up to 600%
Marketing Services Group, Inc. (Nasdaq: MSGI - news), an integrated marketing
services industry leader, Wednesday announced that its Pegasus Internet, Inc.
subsidiary reported a boom in online ticket sales for the 1998 holiday season.
Revenue increases of 200%-600% over figures for the 1998 holiday season were
reported by the majority of Pegasus' 26 online ticketing clients, which include the
Boston Symphony Orchestra, Lincoln Center, Tele-Charge and the San Francisco
Symphony, among many others.
First-time buyers (customer acquisition) averaged approximately 80% of all online
ticketing customers. The majority of the patrons also joined online mailing databases as
part of their order process; these names will be used for future targeted e-mail
marketing efforts.
Online ticket sales increased as a percentage of the total number of tickets sold by each
organization, accounting for approximately 7% of all ticket sales, up over 100% from
approximately 3% last year. This trend is expected to continue with the Internet's
e-commerce growth curve.
''We are very encouraged by this enormous increase in online ticketing and the progress
of our Internet business in general.'' stated Jeremy Barbera, Chairman and CEO of
MSGI. ''During this year we will continue to work on the total integration of our Direct
and Internet Marketing businesses and will look to the management team of Pegasus
Internet to expand upon their leadership role in this growing market sector.''
Pegasus Internet, Inc. (www.pegasusnet.com) is the premier provider of Web services
and related technological solutions to the arts and entertainment community. Pegasus has
developed sophisticated online merchandising, ticketing and event management systems
for some of the most prominent organizations in the world.
Marketing Services Group, Inc. ( www.msginet.com) provides direct marketing and
database marketing, telemarketing and telefundraising, media planning and buying,
interactive fulfillment, Web development, online consulting and e-commerce to nearly
1,000 clients worldwide.
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NEW YORK, Jan 12 (Reuters) - Marketing Services Group Inc., an integrated
marketing services company, on Tuesday said it is in the final stages of buying an
unnamed direct marketing industry, with annual revenues of about $30 million. Closing is
expected by the end of January.A spokeswoman said the company was not releasing
the identity of the acquisition or the purchase price.
@@@@@@@@ Insider buying by CEO
Date Name Action Shares Type Price Value
15-Oct-98 HILL CINDY Bought (P) 1,000 Common 2.63 $2,630
12-Aug-98 CHICAGO SYMPHONY Planned Sale (144) 5,000 Common - $16,875
31-Jul-98 HILL CINDY Bought (P) 1,000 Common 3.38 $3,380
18-Jun-98 BARBERA J JEREMY Bought (P) 300 Common 3.53 $1,059
15-Jun-98 BARBERA J JEREMY Bought (P) 13,600 Common 3.54 $48,144
12-Jun-98 BARBERA J JEREMY Bought (P) 14,700 Common 3.50 $51,450
11-Jun-98 BARBERA J JEREMY Bought (P) 33,000 Common 3.38 $111,540
Float : 6.5 mil
Cash On Hand: 5.42 mil
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